Harry K. Sideris

President and Chief Executive Officer at Duke Energy Corp

Since April 1, 2025

Age

54 years

Tenure

Began his career at Progress Energy in 1996 and subsequently advanced through multiple leadership roles in power generation, environmental health and safety, customer experience, and state operations before being promoted to President in April 2024 and appointed as President and Chief Executive Officer effective April 1, 2025.

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About

Harry K. Sideris is a 54-year-old executive who began his career in the energy sector at Progress Energy in 1996. Over nearly three decades, he has built a reputation as a dedicated leader within the organization that eventually became Duke Energy, demonstrating a steadfast commitment to operational excellence.

Throughout his tenure, he advanced through several key positions including Vice President of Power Generation, Senior Vice President of Environmental, Health, and Safety, State President for Florida, Senior Vice President and Chief Distribution Officer, and Executive Vice President of Customer Experience, Solutions, and Services. His progression culminated in serving as President from April 2024 until March 2025, which laid the groundwork for his appointment as President and Chief Executive Officer effective April 1, 2025.

This career trajectory underscores his deep-rooted industry expertise and leadership capabilities, marking him as a pivotal figure in Duke Energy’s ongoing evolution toward enhanced operational performance and a clean energy future.

Past Roles

Organization	Role	Date Range	Details
Duke Energy	President	April 2024 - March 2025	Held the position prior to becoming President and Chief Executive Officer
Duke Energy	Executive Vice President, Customer Experience, Solutions and Services	October 2019 - April 2024	Served before his current role, demonstrating leadership in customer experience
Duke Energy	Senior Vice President and Chief Distribution Officer	June 2018 - October 2019	Managed distribution operations prior to promotion
Duke Energy	State President, Florida	January 2017 - June 2018	Oversaw operations in Florida before advancing to higher roles
Duke Energy	Senior Vice President of Environmental, Health, and Safety	August 2014 - January 2017	Focused on environmental and safety initiatives prior to further promotions
Duke Energy	Vice President of Power Generation for Fossil/Hydro Operations	July 2012 - August 2014	Managed power generation in select regions before the merger dynamics
Progress Energy (formerly Carolina Power & Light)	Various Roles in Customer, Operations, and Regulatory Leadership	N/A	Gained early career experience before the merger with Duke Energy in 2012

Fixed Compensation

Data from FY 2025

Component Name	Amount	Payment Schedule	Additional Details
Annual Base Salary	$1,300,000	Effective April 1, 2025	Fixed annual base salary.
Change in Control Severance	2.99 × ($1,300,000 + $1,950,000)	Upon a Change in Control event	Includes Change in Control payment calculated as 2.99 times the sum of annual base salary and target short-term incentive bonus (150% of base salary).
Aircraft Usage	N/A	As incurred	Authorized use of Duke Energy’s corporate aircraft for personal North American travel; reimbursement required for direct operating costs except for approved personal uses (annual physical, board meetings).
Participation in Existing Plans	N/A	Ongoing	Continued participation in existing compensation and benefit plans with no additional amendments.

Performance Compensation

Data from FY 2025

Short-Term Incentive Opportunity

Metric	Description	Value	Notes
Target Amount	Set at 150% of annual base salary	$1,950,000	Based on the base salary of $1,300,000. No further performance details provided.
Performance Metrics	Specific performance measures (thresholds, targets, max/cap) are not detailed	N/A	No specific metrics, thresholds, or evaluation conditions provided in the documents.
Vesting Schedule	Not applicable or specified	N/A	Details regarding vesting are not provided.
Evaluation Period	Implied for the 2025 performance period	2025	No additional evaluation details available.

Long-Term Incentive Opportunity

Metric	Description	Value	Notes
Target Amount	Set at 750% of annual base salary	$9,750,000	Based on the base salary of $1,300,000.
Structure	Composition of the LTI awards	70% Performance Shares, 30% RSUs	Performance shares are tied to metrics, while RSUs vest in equal installments over three years (if employed).
Performance Metrics	For performance shares, typically based on cumulative adjusted EPS (50%), relative TSR (25%), and safety measures (25%)	N/A	Specific thresholds, targets, and conditions for these metrics are not provided in the documents.
Vesting Schedule	RSUs vest in equal installments over three years; details for performance shares not specified	N/A	No specific vesting schedule details provided for performance shares.
Evaluation Period	Implied for the 2025 awards	2025	No further details on evaluation period, grant date, grant date fair value, or stock price provided.