Executive Leadership Team Named for Duke Energy's New Stand-Alone Gas Business
HOUSTON – Work is well under way to separate Duke Energy’s electric and natural gas businesses into two publicly traded companies. Today, the company announced executive leadership appointments within the gas business, which will be named in the coming months.
“As we ready our company to operate as a successful, stand-alone entity, we build on a strong foundation of talent and experience,” said Fred J. Fowler, group executive and president of Duke Energy Gas, who will serve as president and chief executive officer of the new gas business once the separation is complete, expected Jan. 1, 2007.
“I have great confidence in the leadership team we’ve assembled. They bring the right background, knowledge, values and innovative thinking we need to build and run North America’s premier natural gas company,” Fowler observed. “The customers, shareholders and communities we serve can depend on these leaders – and on our entire team – to deliver solid, sustainable results.”
On June 28, Fowler announced a number of executive appointments for the new gas company. They included:
- Gregory L. Ebel, currently president of Union Gas, will serve as chief financial officer (CFO);
- Alan Harris, currently group vice president and CFO of DEGT, will serve as chief development officer;
- William S. Garner, Jr., currently group vice president for corporate development at DEGT, will serve as general counsel;
- Martha B. Wyrsch, currently president of Duke Energy Gas Transmission (DEGT), will serve as president and chief executive officer of the new gas company’s transmission business; and,
- William H. Easter III will continue as president and CEO of Duke Energy Field Services, reporting to the DEFS board of directors.
Today’s announcement includes leadership within the gas company’s finance, development and general counsel areas, as well as the leadership team for the company’s gas transmission business.
The following corporate officer appointments were announced:
Reporting to Greg Ebel, chief financial officer:
- John R. Arensdorf, vice president, investor relations. Arensdorf currently serves as general manager of investor relations for Duke Energy.
- Stephen W. Craft, vice president, information technology. Craft currently serves as vice president of information technology for Duke Energy Gas Transmission (DEGT).
- Sabra L. Harrington, vice president and controller. Harrington currently serves as vice president of financial strategy for DEGT.
- Steven M. Sobell, vice president, tax. Sobell currently serves as Duke Energy’s general manager for federal tax.
Reporting to Alan Harris, chief development officer:
- Guy G. Buckley, vice president, mergers and acquisitions. Buckley is currently group vice president of southeast transportation and storage for DEGT.
- Laura J. Buss, vice president, strategic development and analysis. Buss currently serves as general manager of strategic planning and development for DEGT.
- Joseph F. Hildenbrand, vice president, planning. Hildenbrand currently serves as DEGT’s general manager of analysis and forecasting.
Reporting to Bill Garner, general counsel:
- Dorothy M. Ables, vice president, audit and compliance. Ables currently serves as vice president of internal audit for Duke Energy.
- Patricia M. Rice, vice president and assistant corporate secretary. Rice currently serves as associate general counsel for DEGT.
C. Gregory Harper, group vice president, will also report to Fowler, continuing in the role he now holds leading project management and transition efforts for the gas company spin.
Martha Wyrsch also announced her executive leadership team for DEGT:
- Toni A. Beck, group vice president, internal and external relations and government affairs. Beck currently serves as group vice president of external affairs for DEGT.
- Gregory P. Bilinski, group vice president, operations, engineering and construction, EHS. Bilinski currently serves in this position for DEGT.
- Julie A. Dill, president, Union Gas. Dill currently serves as Duke Energy’s group executive of investor relations and the company’s chief communications officer.
- R. Mark Fiedorek, group vice president, southeast transmission and storage. Fiedorek currently serves as vice president of asset optimization and storage development for DEGT.
- Douglas J. Haughey will continue in his role as president, DEGT West and as president and CEO of Duke Energy Income Fund.
- James M. Pruett, group vice president, human resources and facilities. Pruett currently serves as group vice president of human resources for DEGT.
- Gregory J. Rizzo, group vice president, U.S. regulatory and project management. Rizzo currently serves as group vice president of northeast transportation and storage for DEGT.
- William T. Yardley, group vice president, northeast transmission. Yardley currently serves as vice president of marketing, business development and customer service for DEGT.
All of the appointments will be effective Jan. 1, 2007.
Once the transaction is complete, the new gas business will consist of the DEGT business unit, and Duke Energy’s 50-percent ownership interest in DEFS.
Duke Energy is a diversified energy company with a portfolio of natural gas and electric businesses, both regulated and unregulated, and an affiliated real estate company. Duke Energy supplies, delivers and processes energy for customers in the Americas. Headquartered in Charlotte, N.C., Duke Energy is a Fortune 500 company traded on the New York Stock Exchange under the symbol DUK. More information about the company is available on the Internet at: www.duke-energy.com.
||Gretchen Krueger, Media Contact
||Julie Dill, Analyst Contact