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Swati V. Daji Vice President – Global Risk Management and Insurance, and Chief Risk Officer

Swati Daji, Chief Risk OfficerSwati Daji is vice president, global risk management and insurance, and chief risk officer for Duke Energy. She is responsible for corporate risk management, with particular focus on the company’s market and credit risks. In addition, she manages the company’s insurance programs.

Daji brings diverse corporate and commercial experience to the position, including a strong background in financial and risk management, and dealings with both the regulated and nonregulated parts of the business.

Previously, she served as vice president of deal structuring and contract management for Duke Energy’s U.S. Franchised Electric and Gas organization. She was responsible for the structuring, analytics and administration of wholesale contracts, regulated fuel management and bulk power marketing.

Daji joined the company in 1991 as a financial analyst for Duke Power. From 1998 to 2004, she held a variety of management positions with Duke Energy North America, including vice president of asset planning, valuation and analysis; managing director of finance valuation and treasury operations; and managing director of budgeting and forecasting. Between 2004 and 2006, she served as a general manager in both the treasury and corporate risk management groups for Duke Energy. She was named general manager of treasury and risk reporting, governance and compliance in 2007. Daji assumed her current position in October 2009.

Prior to joining Duke Energy, Daji was a branch manager at a local bank.

She serves on the board of directors of Charlotte Community Health Clinic, which provides acute medical care to uninsured and low-income individuals through a culturally diverse, volunteer-based organization with emphasis on education, training and community outreach. She also serves on the board of advisors of the Queens University of Charlotte McColl School of Business.

Daji holds a Bachelor of Science degree in accounting from the University of Bombay and an MBA in finance from Clemson University.

Daji and her husband, Vijay, have two sons.

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.

March 25, 2013