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Lynn J. Good

Chair and Chief Executive Officer at Duke Energy
Board
Since April 2024
Age
65 years
Tenure
Joined DUK in 2009 as Executive Vice President and Chief Financial Officer, was subsequently promoted to Vice Chairman, President and CEO from July 2013 to December 2015, then served as Chair, President and CEO from January 2016 to April 2024, before assuming the current role as Chair and Chief Executive Officer in April 2024.

Also at Duke Energy

CSL
Cynthia S. Lee
Vice President, Chief Accounting Officer, and Controller
JSJ
Julia S. Janson
Executive Vice President and Chief Executive Officer, Duke Energy Carolinas

About

Lynn J. Good, aged 65, has built a distinguished career in the energy industry with a strong record of leadership at DUK. She began her tenure with the company in 2009 as Executive Vice President and Chief Financial Officer, marking the start of a progressive journey within the organization.

Over the years, she advanced through several key roles, including serving as Vice Chairman, President and CEO from July 2013 to December 2015, and then as Chair, President and CEO from January 2016 to April 2024. This progression highlights her ability to drive operational success and strategic growth.

Her appointment as the current Chair and Chief Executive Officer in April 2024 reflects both her long-standing commitment to the company and her broad expertise in navigating complex business challenges. With a retirement plan set for April 1, 2025, her legacy at DUK underscores a steadfast dedication to excellence and leadership in the energy sector.

Past Roles

Organization Role Date Range Details
Duke Energy (DUK) Chair, President, and Chief Executive Officer January 2016 to April 2024 Former role
Duke Energy (DUK) Vice Chairman, President, and Chief Executive Officer July 2013 to December 2015 Former role
Duke Energy (DUK) Executive Vice President and Chief Financial Officer 2009 to June 2013 Former role

External Roles

Organization Role Date Range [N/A]Details [N/A]
The Boeing Company Director N/A [N/A]Active position [N/A]

Fixed Compensation

Data from  FY 2023
Component NameAmountPayment ScheduleAdditional Details
Base Salary$1,500,000 AnnualN/A
Bonus$0 AnnualN/A
Option Awards$0 AnnualN/A
Change in Pension Value and Nonqualified Deferred Compensation Earnings$344,770 AnnualReflects changes in pension value and deferred compensation earnings
All Other Compensation$954,874 AnnualBreakdown: Matching and Employer Retirement Contributions: $19,800 ; Make-Whole Matching and Cash Balance Contribution Credits: $663,012 ; Personal Use of Corporate Aircraft: $264,441 ; Charitable Contributions: $2,500 ; Other: $5,121

Performance Compensation

Data from  FY 2023

Stock Awards

MetricDetails
Grant DateFebruary 22, 2023
Grant Date Fair Value (Performance Shares)$11,296,212
Grant Date Fair Value (RSUs)$4,724,956
Vesting Schedule (Performance Shares)Vesting at end of 3-year period (2023–2025)
Vesting Schedule (RSUs)Equal installments on the first three anniversaries of the grant date
Performance Metrics (LTI)
  • Cumulative Adjusted EPS: Threshold: $14.60 (50% payout), Target: $16.25 (100% payout), Maximum: $17.25 (200% payout)
  • Relative TSR vs. UTY Index: Threshold: 25th percentile (50% payout), Target: 55th percentile (100% payout), Maximum: 90th percentile (200% payout)
  • Total Incident Case Rate for Employees: Threshold: below 75th percentile (0% payout), Target: 90th percentile (100% payout), Maximum: Top company (200% payout) Share Targets (Performance Shares) | Threshold Shares: 50,900; Target Shares: 113,112; Maximum Shares: 226,224 RSUs Granted | 48,476 shares

Non-Equity Incentive Plan Compensation (STI)

MetricDetails
Performance MetricsAdjusted EPS, O&M, Operational Excellence, Customer Satisfaction, Clean Energy, Individual Performance Modifier
Payout LevelsThreshold: $492,188; Target: $2,625,000; Maximum: $6,152,344
Actual PerformanceAdjusted EPS performance of $5.57 was not met, reducing the payout level to 66.25% of target
Final STI Payout$1,739,063 (66.25% of the target)
Payment ScheduleAnnual evaluation based on fiscal year performance