Steven K. Young
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Executive Vice President and
Chief Financial Officer
Steve Young is executive vice president and chief financial officer for Duke Energy. He leads 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 also oversees the company’s information technology, cybersecurity and physical security organizations.
Young joined Duke Power in 1980 as a financial assistant. After a series of promotions within the controller’s department, he was named manager of bulk power agreements in system planning and operating in 1991, and manager of the rate department in 1993. In April 1998, Young 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 senior vice president and chief financial officer for Duke Power in February 2003, group vice president and chief financial officer in March 2004, and vice president and controller in June 2005.
In December 2006, Young was named senior vice president and controller for Duke Energy. In addition to maintaining that role at the close of the merger between Duke Energy and Progress Energy in July 2012, he also became the company’s chief accounting officer. He was named executive vice president and chief financial officer of Duke Energy in August 2013. In early 2016, Young also assumed responsibility for Duke Energy’s newly formed business transformation and technology function.
Young earned a Bachelor of Arts degree in business administration from the University of North Carolina at Chapel Hill. He also 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.
Young is a certified public accountant and a certified managerial accountant in North Carolina. He is a member of the American Institute of Certified Public Accountants, Institute of Managerial Accountants, National Association of Accountants and the Edison Electric Institute CFO Committee. Young also serves as a member of the boards of directors for the Bechtler Museum of Art and the Charlotte Sports Foundation.
Young was born in 1958. He and his wife, Lilly, have a daughter and a son.
Last updated Feb. 17, 2021
Young joined Duke Power in 1980 as a financial assistant. After a series of promotions within the controller’s department, he was named manager of bulk power agreements in system planning and operating in 1991, and manager of the rate department in 1993. In April 1998, Young 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 senior vice president and chief financial officer for Duke Power in February 2003, group vice president and chief financial officer in March 2004, and vice president and controller in June 2005.
In December 2006, Young was named senior vice president and controller for Duke Energy. In addition to maintaining that role at the close of the merger between Duke Energy and Progress Energy in July 2012, he also became the company’s chief accounting officer. He was named executive vice president and chief financial officer of Duke Energy in August 2013. In early 2016, Young also assumed responsibility for Duke Energy’s newly formed business transformation and technology function.
Young earned a Bachelor of Arts degree in business administration from the University of North Carolina at Chapel Hill. He also 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.
Young is a certified public accountant and a certified managerial accountant in North Carolina. He is a member of the American Institute of Certified Public Accountants, Institute of Managerial Accountants, National Association of Accountants and the Edison Electric Institute CFO Committee. Young also serves as a member of the boards of directors for the Bechtler Museum of Art and the Charlotte Sports Foundation.
Young was born in 1958. He and his wife, Lilly, have a daughter and a son.
Last updated Feb. 17, 2021