This board of director is the Retired Chairman, President and Chief Executive Officer, Edison International. This board member was paid total compensation US$291,240 including base salary (cash fees paid) US$125,000, stock awards US$ 160,000 and all other compensation US$6,240. En vous inscrivant la newsletter, vous consentez la rception de contenus de notre part. Retired Executive Vice President and Chief Financial Officer, Public Service Enterprise Group Inc. We continue to believe that Duke owns one of the highest quality collections of premium utility businesses of any utility, and we look forward to continued dialogue with the Company as it seeks to drive value for shareholders, said Jesse Cohn and Jeff Rosenbaum of Elliott. from 8 AM - 9 PM ET. The company previously announced the appointment of the other new director Idalene Kesner, dean of Indiana University's Kelley School of Business. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. This board member was paid total compensation US$335,237 including base salary (cash fees paid) US$122,893, stock awards US$ 210,549 and all other compensation US$1,795, Theodore F. Craver, Jr. Retired Chairman, President and Chief Executive Officer, Edison International. This announcement is similar to earlier Elliott plans that failed to gain support. Burks served as the managing partner at EY's Indianapolis office before retiring in 2017. The directors are entitled to have the Corporation purchase reasonable D&O liability insurance on their behalf; to receive the benefits of indemnification to the fullest extent permitted by law and the Corporations charter, bylaws and any indemnification agreements; and to benefit from exculpation as provided by state law and the Corporations charter. Duke Energys management team and Board are focused on executing on its long-term strategy, which enjoys broad and deep shareholder and stakeholder support, and continuing to deliver customer benefits and create jobs in the communities the company serves. This board member was paid total compensation US$201,621 including base salary (cash fees paid) US$64,217, stock awards US$ 136,280 and all other compensation US$1,124 . Retired Chairman, President and Chief Executive Officer, Piedmont Natural Gas Company, Inc. More information about the company is available at duke-energy.com. Lead, in conjunction with the Corporate Governance Committee, the process for review of the Chief Executive Officer and Board. By providing your email address below, you are providing consent to Duke Energy Corporation to send you the requested Investor Email Alert updates. The Corporate Governance Committee will conduct annually a formal evaluation of the Chief Executive Officer and will consider factors such as individual performance, the extent to which measures related to enterprise challenges are successfully achieved, the feedback of directors and the advice of outside experts when recommending changes to the Compensation Committee which shall establish the compensation of the Chief Executive Officer. "Annette Clayton brings a wealth of business leadership experience across a diverse range of industries," said Lynn Good, Duke Energy's chairman, president and CEO. Senior managers and other appropriate personnel and outside advisors will brief new directors on the Corporation and the industry, including the Corporations strategic plans, internal control procedures, compliance programs, code of ethics and related policies, management and internal and independent auditors. The company is listed on the NYSE with ticker name DUK. William E. Kennard Co-Founder and Non-executive Chairman, Velocitas Partners, LLC. The basic responsibility of the directors is to exercise their business judgment to act in what they reasonably believe to be in the best interests of the Corporation and its shareholders. Please disable your ad-blocker and refresh. Throughout his career, he also served companies in various industries, including manufacturing, real estate, energy and utilities. The average tenure on the Board is 4.7 years, compared to 6.8 years in the peer set disclosed in Dukes proxy. The company has goals of at least a 50 percent carbon reduction from electric generation and net-zero methane emissions from its natural gas business by 2030, and net-zero emissions by 2050 from its electric and natural gas businesses, including Scopes 1, 2 and certain Scope 3 emissions. This board of director is the Retired Executive Vice President, Institute of Nuclear Power Operations. Director compensation and benefits will be competitive, reasonable and customary in comparison to companies that are similarly situated. Directors are encouraged to comment to the Chief Executive Officer, the Chairman of the Board, the Lead Director or the Chairman of the Corporate Governance Committee upon the performance of the Chief Executive Officer when circumstances warrant. Board Committees Duke Energy's various board committees. This board of director is the Executive Vice President, Global Services and Chief Financial Officer, Merck & Co. Brian Savoy Executive Vice President and Chief Financial Officer Harry K. Sideris Executive Vice President, Customer Experience, Solutions and Services Steven K. Young Executive Vice President and Chief Commercial Officer More Senior Leadership Kendal C. Bowman Michael P. Callahan Paul Draovitch This board member was paid total compensation US$291,240 including base salary (cash fees paid) US$125,000, stock awards US$ 160,000 and all other compensation US$6,240. In the event of the death or incapacity of the Chairman of the Board or in other situations where it is not possible or appropriate for the Chairman to assume leadership of the Board, become the acting Chairman of the Board until such time as a Chairman of the Board shall have been selected. Be a shareholder of the Corporation (within a reasonable time of election to the Board). This board of director is the Chief Administrative Officer, Cummins Inc. Elliott had pushed for major changes at Duke, including the separation of the company's non-contiguous utilities. This board of director is the Retired Senior Vice President, Corning Incorporated. This board of director is the Retired Executive Vice President, DuPont de Nemours, Inc. (formerly known as DowDuPont, Inc. An effective Board of Directors (the "Board") will positively influence shareholder value and enhance the reputation of Duke Energy Corporation (the "Corporation") as a constructive resource in the communities where it does business. Stock ownership guidelines will require directors to have a financial stake in the Corporation. However, the Corporate Governance Committee (the Committee) actively evaluates the composition of the Board and based on such evaluation, it is understood that not all directors will necessarily remain on the Board until age 75. Committee actions will be reported to the full Board. CHARLOTTE, N.C. Duke Energy's board of directors today announced the appointment of Derrick Burks a former managing partner at global professional services company EY (Ernst & Young) as a new board member, effective March 1. However, Elliott has again failed to provide any concrete and specific ideas to increase shareholder value, choosing instead to launch public attacks supported by cherry-picked data and anonymous sources. Sign up to get PRNs top stories and curated news delivered to your inbox weekly! This board of director is the Retired Chairman, President and Chief Executive Officer, Piedmont Natural Gas Company, Inc. We continue to believe that Duke owns one of the highest quality collections of premium utility businesses of any utility, and we look forward to continued dialogue with the Company as it seeks to drive value for shareholders," said Jesse Cohn and Jeff Rosenbaum of Elliott. Mar 10, 2021 Duke Energy Corp.'s board of directors has nominated three candidates to replace the members who will step down after the annual shareholder meeting now slated for May 6. The rotation of committee memberships will be encouraged, but not mandated. In discharging that obligation, directors are entitled to rely on the honesty and integrity of the Corporations senior executives and its outside advisors and auditors. Previously, he served on the board of directors at Vectren Corporation, an Indiana-based regional energy company, and also served as a commissioner on the Indiana Board of Accountancy. Following the Boards decision on the Corporate Governance Committees recommendation, the Corporation will promptly disclose, in a Form 8-K filed with the Securities and Exchange Commission, the Boards decision, together with an explanation of the process by which the decision was made and, if applicable, the Boards reason or reasons for rejecting the tendered resignation. This board of director is the chairman, president and CEO of Norfolk Southern Railway. Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in Charlotte, N.C., is one of America's largest energy holding companies. You can sign up for additional alert options at any time. Throughout his career, Burks has provided business and financial expertise to a wide range of clients, including small businesses, large international corporations and public companies. John T. Herron Retired President, Chief Executive Officer and Chief Nuclear Officer, Entergy Nuclear. The 5% - 7% annual growth rate increased from 4% - 6%. The Board of Directors may determine a director to be independent if the Board of Directors has affirmatively determined that the director has no material relationship with Duke Energy or its subsidiaries (references in this proxy statement to Duke Energys subsidiaries shall mean its consolidated subsidiaries), either directly or as a shareholder, director, officer or employee of an organization that has a relationship with Duke Energy or its subsidiaries. Due to the size of the Corporation and the number of committees needed to oversee the complexity of its business, including its nuclear operations, the optimal size of the board is believed to be between twelve and sixteen directors. He possesses substantial experience with audits, enterprise risk assessment, mergers and acquisitions, and capital market transactions. including decisions such as electing directors, ratifying the selection of auditors, and other shareholder-related decisions, including shareholder-initiated initiatives. Retired Chairman and Chief Executive Officer, Network Solutions, LLC, Retired Executive Vice President, DuPont de Nemours, Inc. (formerly known as DowDuPont, Inc.), Chair, President and Chief Executive Officer, Duke Energy Corporation, Retired President, Chief Executive Officer and Chief Nuclear Officer, Entergy Nuclear, Chair, Operations and Nuclear Oversight Committee, Dean Emerita, Indiana University Kelley School of Business, Retired Senior Vice President, Corning Incorporated, Chair, Compensation and People Development Committee, Retired Executive Vice President and Chief Operating Officer, Exelon Generation, Exelon Corporation. Each current Board member has served in senior leadership roles across multiple industries, and seven have deep operational experience in the utility industry. Have, as a general rule, a background that includes broad business experience or demonstrates an understanding of business and financial affairs and the complexities of a large, multifaceted, global business organization. Follow Duke Energy onTwitter,LinkedIn,InstagramandFacebook. Good succeeds Ann Maynard Gray, who will remain on the . TheDuke Energy News Centercontains news releases, fact sheets, photos and videos. This document includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Oct 26, 2021 Activist investor Elliott Management Corp. may soon get two seats on Duke Energy Corp.'s 13-member board of directors, as Reuters reports the parties are close to a settlement. Charles W. Moorman IV chairman, president and CEO of Norfolk Southern Railway. This board member was paid total compensation US$291,240 including base salary (cash fees paid) US$100,000, stock awards US$ 125,000 and all other compensation US$6,240 . Clayton also serves on the board of directors of Polaris Industries and is an executive advisory board member for SCM World, a Gartner community. Headquartered in Charlotte, N.C., Duke Energy (NYSE: DUK) is one of the largest energy holding companies in the U.S., with approximately 29,000 employees and a generating capacity of 49,500 megawatts. 980.373.3564. You must click the activation link in order to complete your subscription. Over the past several months, Duke Energys management team has been in active dialogue with the equity analyst community and institutional shareholders. Board members have complete access to management. Found a factual error? Building a Smarter Energy Future We're making smart investments to improve reliability, prevent outages and use more clean, renewable energy. The Board of Directors ("Board") of Duke Energy Corporation ("Duke Energy" or the "Corporation") believes that it is in the best interest of Duke Energy and its shareholders to align the financial interests of Duke Energy executives and non-employee members of the Board ("Directors") with those of the Corporation's shareholders. Elliott first proposed a preferential equity scheme in which the company would issue up to $7 billion of deeply discounted equity to Elliott and its hedge fund allies, which would materially dilute Dukes existing shareholders. This board member was paid total compensation US$296,240 including base salary (cash fees paid) US$135,000, stock awards US$ 160,000 and all other compensation US$1,240. Good luck to Duke's shareholders (including my family). Currently, the standing committees of the Board include Audit, Compensation and People Development, Corporate Governance, Finance and Risk Management, and Operations and Nuclear Oversight. Nicholas C. Fanandakis Retired Executive Vice President, DuPont de Nemours, Inc. (formerly known as DowDuPont, Inc. Each director or director nominee also should: Possess fundamental qualities of intelligence, perceptiveness, good judgment, maturity, high ethics and standards, integrity and fairness. "We are pleased with the appointment of Derrick Burks, which represents a continuation of Duke's commitment to add regional expertise and perspectives to its Board. Clayton will join two Duke Energy board committees: Audit and Nuclear Oversight. A B C D E F G H I J K L To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Natural Resource Conservation & Stewardship, Standards for Assessing Director Independence, Do Not Sell or Share My Personal Information (CA). New directors will receive a comprehensive package of orientation materials. Its natural gas unit serves 1.6 million customers in North Carolina, South Carolina, Tennessee, Ohio and Kentucky. The Ad Hoc Committee shall serve in place of the Corporate Governance Committee and perform the Corporate Governance Committees duties for the purposes of this policy. DUKE ENERGY CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. Duke remains focused on delivering long-term value and growth to customers and investors in all jurisdictions. Various factors may cause actual results to be materially different than the suggested outcomes within forward-looking statements; accordingly, there is no assurance that such results will be realized. The Board will appoint from among its members, committees it deems to be necessary or appropriate. Coronavirus Tips Working and Protection, For its 2022 fiscal year, DUKE ENERGY CORP, listed the following executives on its annual proxy statement to the SEC. CHARLOTTE, N.C., Feb. 24, 2022 /PRNewswire/ --Duke Energy's board of directors today announced the appointment of Derrick Burks a former managing partner at global professional services company EY (Ernst & Young) as a new board member, effective March 1. Retired Executive Vice President, Institute of Nuclear Power Operations. You may retrieve the full proxy statement by going to the Securities and Exchange Commission (SEC) website at www.sec.gov Its Gas Utilities and Infrastructure unit distributes natural gas to approximately 1.6 million customers in five states North Carolina, South Carolina, Tennessee, Ohio and Kentucky. Derrick Burks deep expertise, strategic insight and broad experience working with numerous companies and industries will be invaluable assets to our board and our company, said Lynn Good, Duke Energy Chair, President and CEO. As used herein, an uncontested election of directors is an election in which the number of nominees is not greater than the number of Board seats open for election. A proxy statement (or "proxy") is a form that every publicly traded U.S. company is required to file with the U.S. Securities & Exchange Commission (SEC) within 120 days after the end of its fiscal year. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. The Board, upon the recommendation of the Compensation Committee, will approve director compensation and benefits. Burks is the second of two new independent directors appointed to Duke Energys board under a 2021 cooperation agreement between the company and Elliott Investment Management L.P. Unless an independent director is filling the role of Chairman of the Board, the independent members of the Board will elect a Lead Director, from among the independent directors. Mit Ihrer Anmeldung erklren Sie sich damit einverstanden, Inhalte von uns zu erhalten. Burks served as the managing partner at EY's Indianapolis office before retiring in 2017. This board member was paid total compensation US$301,171 including base salary (cash fees paid) US$134,931, stock awards US$ 160,000 and all other compensation US$6,240. Burks currently serves on the boards of Equity LifeStyle Properties, Inc., and Kite Realty Group Trust. So, lets see information on Duke Energy Board of Directors Compensation and Salary. Cautionary language concerning forward-looking statements. Follow Duke Energy onTwitter,LinkedIn,InstagramandFacebook. If you have an ad-blocker enabled you may be blocked from proceeding. Code of Conduct The principles that our board of directors follow. The company employs 27,500 people. Derrick has consulted with many companies and industries experiencing rapid change similar to the dramatic transformation occurring today in our company and the energy industry at large.. Do Not Sell or Share My Personal Information (CA), Retired Managing Partner of Ernst & Young, LLP, Indianapolis office, Member, Finance and Risk Management Committee, President and Chief Executive Officer, North America Operations, Schneider Electric SA, Member, Operations and Nuclear Oversight Committee, Retired Chairman, President and Chief Executive Officer, Edison International, Member, Compensation and People Development Committee. Duke Energy is executing an aggressive clean energy strategy to create a smarter energy future for its customers and communities with goals of at least a 50 percent carbon reduction by 2030 and net-zero carbon emissions by 2050. After that was rejected by the Duke Energy Board, Elliott then publicly advocated for an illogical, complex three-way breakup of the company. After submitting your request, you will receive an activation email to the requested email address. , , , , , , Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, Duke Energy's home improvement rebates program is here to help Florida customers save energy and money this summer, Duke Energy Indiana commits to purchase up to 199 megawatts of solar power from Shelby County-based facility. Natural Resource Conservation & Stewardship, Do Not Sell or Share My Personal Information (CA), Non-Employee Member of the Board of Directors, Senior Management Committee (SMC) Members, Shares owned indirectly (e.g., by a spouse or a trust), Shares represented by amounts invested in a 401(k) plan or deferred compensation plan maintained by Duke Energy or an affiliate, Time-vested restricted stock, restricted stock units or phantom stock, Shares held in the Duke Energy Corporation InvestorDirect Choice Plan. Conducting a detailed compensation analysis, we recommend that you review the entire proxy statement compensation analysis we., in conjunction with the equity analyst community and institutional shareholders an ad-blocker enabled you duke energy board of directors! Decisions, including shareholder-initiated initiatives Nuclear Power Operations income statements for Executive base pay bonus... The Board is 4.7 years, compared to 6.8 years in the Corporation you are consent... 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