Steven K. Young
Executive Vice President and
Chief Commercial Officer
Steve Young serves as executive vice president and chief commercial officer for Duke Energy. He is responsible for commercial renewables, the natural gas business unit, enterprise technology and security, business ventures and development, distributed energy solutions, regulated renewables development, and strategies to transform the company’s generation and transmission assets to achieve its net-zero carbon emission goals.
Before assuming his current position in September 2022, Young served as Duke Energy’s executive vice president and chief financial officer. He led the financial function, which includes the controller’s office, treasury, tax, risk management and insurance, as well as corporate development. These duties include accounting, cash management and overseeing risk control policies.
Young has over 40 years of experience in the energy and finance industries. Before assuming the role of chief financial officer in 2013, he served as Duke Energy’s senior vice president, controller and chief accounting officer. Serving in the role of senior vice president and controller since 2006, he took on the added responsibility of chief accounting officer following the merger between Duke Energy and Progress Energy in 2012.
Young joined the company in 1980 as a financial assistant for Duke Power and held leadership roles in several areas including the controller’s office, bulk power, and system planning and operations. In 1998, he 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 Duke Power’s senior vice president and chief financial officer in 2003, group vice president and chief financial officer in 2004, and vice president and controller in 2005.
Young earned a Bachelor of Arts degree in business administration from the University of North Carolina at Chapel Hill. He completed the Advanced Management Program at the Wharton School of Business and the Reactor Technology Course for Utility Executives at the Massachusetts Institute of Technology. He is also a certified public accountant and managerial accountant in North Carolina.
Young serves as co-chair of the Finance Executive Advisory Committee and a member of the CFO Committee of the Edison Electrical Institute. He is a member of the American Institute of Certified Public Accountants, Institute of Managerial Accountants and National Association of Accountants. Young also serves as a member of the boards of directors for the Bechtler Museum of Art and the Charlotte Sports Foundation. He and his wife, Lilly, have a daughter and a son.