Duke Energy (NYSE:DUK) said Monday its board appointed current President Harry Sideris as its new President and CEO effective April 1, succeeding Lynn Good, who will retire from her management and board roles at the company.

Utility firm Duke Energy said on Monday it has appointed insider Harry Sideris as its chief executive officer, effective April 1.

CEO Lynn Good is retiring effective April 1 after more than a decade leading a transformative period for the Charlotte-based utility.

Lynn Good will retire as Duke Energy chair and CEO after more than 11 years, the Charlotte-based company announced Monday. Good is also retiring from her board position. Why it matters: Duke Energy is among the only 10.

Lynn Good, CEO of Duke Energy for over 11 years, will retire in April. She is seen here in a 2021 file photo. Duke Energy praised Good’s efforts to serve customers and investors. The company also gave her credit for guiding it through a constantly changing business environment.

Duke Energy is one of the biggest utility companies in the nation, serving customers in half a dozen states. Headquartered in Charlotte, it's one of the biggest employers in North Carolina.

Harry’s nearly three-decade-long record of extraordinary accomplishments makes him uniquely qualified to lead Duke Energy.'