Dive Summary:
- Jeff Lyash, Duke Energy's executive vice president for energy supply, will step down at the end of the year; Lyash will become the fourth former Progress Energy executive to leave the merged company.
- Two other Duke executives have been reassigned and Mark Manly has been been promoted to replace Mark Manly as Duke's corporate counsel and chief legal officer.
- Lyash will not be replaced and his responsibilities will be divided among two other Duke executives.
From the article:
Duke gave no reason for Lyash’s departure. But once he leaves, four of the five top ex-Progress executives who were slated to make up half of the new Duke’s 10-person executive team under its CEO will have left since the companies' July 2 merger.
Three resigned in protest when the Duke board ousted former Progress CEO Bill Johnson as the head of the merged company and replaced him with Duke CEO Jim Rogers. ...
