DUKE ENERGY ANNOUNCES LEADERSHIP CHANGES
CHARLOTTE -- Duke Energy President and Chief Operating Officer Fred Fowler today announced key organizational and management changes in the company’s merchant energy businesses.
"As previously announced, Duke Energy is reducing its presence in the merchant energy business,” said Fred Fowler, president and COO. “These businesses will more narrowly focus on key markets in
Duke Energy North America (DENA) and Duke Energy International (DEI) will be brought together in one organization under the leadership of Bobby Evans, president, Duke Energy Americas, reporting to Fowler. Evans has been transition executive, leading the restructuring of the company’s merchant business, including the wind-down of the Duke Energy Trading and Marketing joint venture with ExxonMobil. Richard McGee will continue as president, Duke Energy International and report to Evans.
Also reporting to Evans will be:
The reorganization eliminates the role of DENA president occupied by Robert T. Ladd. Ladd has elected to leave the company and will transition through the end of January.
In addition to Evans, the following will continue to report to Fowler:
Duke Energy is a diversified energy company with a portfolio of natural gas and electric businesses, both regulated and unregulated, which supply, deliver and process energy for customers in North America and selected international markets. In 2004, Duke Energy celebrates a century of service with the 100th anniversary of its electric utility Duke Power. Headquartered in