Duke Energy Names De May Vice President and Treasurer; Trauschke Senior Vice President of Investor Relations and Financial Planning November 12, 2007
CHARLOTTE, N.C. -
Duke Energy today announced Stephen G. De May will become vice president and treasurer, and Sean Trauschke senior vice president of investor relations and financial planning, effective Nov. 15.
De May succeeds Lynn J. Good, who was recently appointed Group Executive and President – Commercial Businesses. He will be responsible for the treasury and risk management functions at Duke Energy.
Trauschke, who has been vice president of investor relations, will take on additional responsibilities to oversee financial planning and analysis. These new responsibilities include corporate financial planning and analysis, corporate budgeting and business support; and financial planning and analysis for both Franchised Electric and Gas and Commercial Businesses.
In making the announcements, David Hauser, group executive and chief financial officer, said, “Duke Energy is fortunate to have talented individuals who can seamlessly move through the organization and provide the leadership necessary to keep Duke at the forefront of the industry.”
De May joined the company in 1990 as a director at Crescent Resources. During his career, he has held several positions in finance and treasury. He has also had responsibility for energy and environmental policy.
Currently, he serves as general manager, corporate finance and assistant treasurer.
Before joining Duke, he was a senior tax consultant for Deloitte & Touche and a tax consultant for Price Waterhouse.
He earned a Bachelor of Arts degree in political science from the University of North Carolina at Chapel Hill, and holds an MBA from McColl School of Business at Queens University.
He and his wife, Linda, have three children.
In his current role, Trauschke is responsible for monitoring changes and trends in investment markets, as well as developing, maintaining and enhancing key relationships and communications with retail and institutional investors, financial analysts and financial institutions.
Previously, Trauschke served as vice president of risk management, chief risk
officer and chief credit officer for Duke Energy.
He began his career working in the company’s commercial and industrial marketing department in 1989 while still a student at the University of North Carolina at Charlotte.
From 1998 to 2004, Trauschke worked for Duke Energy’s treasury department with increasing levels of responsibility and was named general manager of business unit finance in February 2004. He was named vice president of corporate risk management, chief risk officer and chief credit officer in June 2004. He was named to his current position in October 2006.
Trauschke holds a Bachelor of Science degree in mechanical engineering from the University of North Carolina at Charlotte and earned a master’s degree in business administration from the University of South Carolina.
He and his wife, Jill, have three children.
Duke Energy, one of the largest electric power companies in the United States, supplies and delivers energy to approximately 4 million U.S. customers. The company has approximately 36,000 megawatts of electric generating capacity in the Midwest and the Carolinas, and natural gas distribution services in Ohio and Kentucky. In addition, Duke Energy has more than 4,000 megawatts of electric generation in Latin America, and is a joint-venture partner in a U.S. real estate company.
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.
|Contact:||Duke Energy Contact: Tom Shiel|