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Duke Energy names insider to take over for Rogers

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CHARLOTTE, NC (AP) -- Duke Energy's chief financial officer will take over for retiring CEO Jim Rogers at the end of the month.

Lynn Good, 54, has been CFO since 2009. She will also take a seat on the company board.

Rogers will retain his board chairman seat until he steps down at the end of the year.

The board plans to name one of its independent directors as chair-elect in the coming weeks. That person will become chairman when Rogers departs.

Rogers, 65, has been president and CEO at Duke Energy Corp. since 2006. In November, he announced plans to retire from the Charlotte company by the end of 2013 after the contentious takeover of Progress Energy.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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