The company also announced Thursday that other top executives will be moved around in a reshuffling under an agreement to end a five month investigation by North Carolina regulators into the company’s merger with Progress Energy. The proposed changes will go before that state’s regulators on Monday, the Charlotte Observer reported.
Rogers became president and CEO of Charlotte, N.C.-based Duke in 2006. Controversially, he was installed as president of the newly merged Duke-Progress company in July when Progress CEO Bill Johnson was unexpectedly forced to resign. Duke is the nation’s largest electric utility. It’s Florida subsidiary, Progress Energy Florida, is the second largest electric company in the state behind Florida Power & Light. Rogers’ contract expires at the end of 2013.
Former Progress executive Lloyd Yates will become executive vice president of regulated utilities at Duke under the agreement, according to a statement released by the company. He replaces Keith Trent at the helm of the company’s largest business unit.
Duke also said it will name a new general counsel, as part of the deal.
Material from the News Service of Florida was used in this post.