Skip to Content

Steven K. Young

Senior Advisor
to the CEO

Steve Young
Steven K. Young

Pending his retirement in June 2024, Steve Young will continue at Duke Energy as a senior advisor to the CEO. Previously, he served as executive vice president and chief commercial officer. He had responsibility 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.

Young has over 40 years of experience in the energy and finance industries. Before his appointment as chief commercial officer in September 2022, Young served as executive vice president and chief financial officer for Duke Energy, a position he held for nine years. 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.

He 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. He served as vice president of rates and regulatory affairs, where he was also accountable for the company’s interaction with the utility commissions of North Carolina and South Carolina, and the Federal Regulatory Commission. He has also served as Duke Power’s chief financial officer and controller. Following the merger between Duke Energy and Progress Energy in 2012, he served as Duke Energy’s senior vice president, controller and chief accounting officer.

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.

Last updated April 1, 2024

Duke Energy

Duke Energy, one of the largest energy holding companies in the United States, supplies and delivers electric services to approximately 8.4 million customers in the Southeast and Midwest. The company also distributes natural gas services to approximately 1.7 million customers in the Carolinas, Ohio, Kentucky and Tennessee. Headquartered in Charlotte, N.C., Duke Energy is a Fortune 150 company traded on the New York Stock Exchange under the symbol DUK.