Lynn Good

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Lynn J. Good
Alma mater Miami University
Occupation Chairman, President and CEO of Duke Energy
Years active Became CEO of Duke Energy on July 1, 2013
Salary $13,700,000 (As of Fiscal Year 2017)[1]
Board member of Chairman at Duke Energy's Board of Directors
Boeing board of director
Spouse(s) Brian[2]

Lynn J. Good is Chairman, President and Chief Executive Officer of Duke Energy, a Fortune 500 company. She also sits on the board of directors as vice-chairman. Good is an Ohio native and graduated from Miami University where she earned a BS in Systems Analysis and in Accounting (1981).[2]

Early life and education[edit]

Good grew up in Fairfield, Ohio. Her father was a math teacher and later became a high school principal. She earned degrees in accounting and systems analysis from Miami University of Ohio.[3]

Early career[edit]

Good became an auditor at the Cincinnati branch of Arthur Andersen & Co. while at Andersen Good "broke the barrier to females playing major roles in auditing when she participated in the audit of Andersen's most prestigious account, Cincinnati Gas & Electric. Good rose to supervise that audit, and in 1992 she became one of Andersen's few women partners.[3] She was also a partner for a time at Deloitte.[4]

Cinergy[edit]

The US Justice Department indicted Arthur Andersen for its role in the collapse of Enron in 2002. As a result, almost all of Good's savings were lost. In 2003 Good joined Andersen's old audit client, now called Cinergy, for half the salary she took at Andersen. In 2006 Duke Energy purchased Cinergy, and Good went on to head the unregulated commercial business. Good was named Duke's executive vice president and chief financial officer as of July 2009.[4] She began to make large investments in renewable energy such as wind and solar facilities that sell their power to utilities and towns.[3]

Duke energy[edit]

In 2011 Duke of Charlotte and Progress Energy of Raleigh agreed to merge. The deal stipulated that Progress CEO Bill Johnson was to replace Duke CEO Jim Rogers. But in June 2012, on the day that the deal closed, the board fired Johnson and re-hired Rogers instead. North Carolina regulators, shocked by this turn of events, told Duke they had to choose a new CEO by the middle of 2013. Good was given the job.[3] Lynn Good became CEO of Duke Energy on July 1, 2013.[3]

Other affiliations[edit]

Good was a member of the board of the Cincinnati Ballet for about eight years in the 1990s-2000s,[4] and has been a member of the board of directors at Boeing since 2015.[5]

References[edit]

  1. ^ Charlotte Observer, http://www.charlotteobserver.com/news/business/article161238628.html
  2. ^ a b Bloomberg, https://www.bloomberg.com/research/stocks/people/person.asp?personId=5646475&ticker=DUK
  3. ^ a b c d e Tully, Shawn (8 November 2014). "Is Lynn Good the smartest (new) CEO in the energy industry?". Fortune. Retrieved 15 July 2015. 
  4. ^ a b c Tweh, Bowdeya (18 June 2013). "Duke Energy names new CEO". USA Today. Retrieved 15 July 2015. 
  5. ^ "Boeing: Corporate Governance". www.boeing.com. Retrieved 2018-03-07.