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Duke Energy has named Steve K. Young executive vice president and chief financial officer (CFO). Young replaces Lynn J. Good, who became president and CEO on July 1.

Young has served as vice president, controller and chief accounting officer since 2005 and continued to hold that position after the close of the merger between Duke Energy and Progress Energy in July 2012.

Young joined Duke Power in 1980. Over his career, he has led a number of key functions, including system planning and operating, rates and regulatory affairs, and as CFO of Duke Power.

Good said a successor to lead the controller's office will be named in the near future. In the interim, Young will continue to lead that business.



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