Steven K. Young Executive Vice President and Chief Financial Officer
Steve Young is executive vice president and chief financial officer for Duke Energy. He leads the financial function, which includes the controllerís office, treasury, tax, risk management and insurance, as well as corporate strategy and development. These duties include accounting, cash management and overseeing risk control policies.
Young joined Duke Power in 1980 as a financial assistant. After a series of promotions within the controller's department, he was named manager of bulk power agreements in system planning and operating in 1991, and manager of the rate department in 1993. In April 1998, Young was appointed vice president of rates and regulatory affairs, with responsibility for Duke Power's regulatory strategies and policies in rate, financial and accounting matters. He was also accountable for the company's interaction with the utility commissions of North Carolina and South Carolina, and the Federal Energy Regulatory Commission. He was named senior vice president and chief financial officer for Duke Power in February 2003, group vice president and chief financial officer in March 2004, and vice president and controller in June 2005.
In December 2006, Young was named senior vice president and controller for Duke Energy. In addition to maintaining that role at the close of the merger between Duke Energy and Progress Energy in July 2012, he also became the companyís chief accounting officer. He was named executive vice president and chief financial officer of Duke Energy in August 2013.
A native of Denver, Colo., Young earned a Bachelor of Arts degree in business administration from the University of North Carolina at Chapel Hill. He also completed the Advanced Management Program at the Wharton School of Business.
Young is a certified public accountant and a certified managerial accountant in North Carolina. He is a member of the American Institute of Certified Public Accountants, Institute of Managerial Accountants and National Association of Accountants. He is also a member of the Edison Electric Institute Accounting Executive Advisory Committee and the Southeastern Electric Exchange Accounting and Finance Section.
Young was born in 1958. He and his wife, Lilly, have a daughter and a son.
Duke Energy, the largest electric power company in the United States, supplies and delivers electricity to approximately 7 million customers in the Southeast and Midwest. The company also distributes natural gas in Ohio and Kentucky. Its commercial power and international businesses operate diverse power generation assets in North America and Latin America, including a growing renewable energy portfolio. Headquartered in Charlotte, N.C., Duke Energy is a Fortune 250 company traded on the New York Stock Exchange under the symbol DUK.
October 15, 2013