Duke Energy picks Gray to chair board of directors

bhenderson@charlotteobserver.comJune 27, 2013 

Lead director Ann Maynard Gray has been elected Duke Energy’s chair and will replace Jim Rogers on Dec. 31, the company said Thursday.

Gray, 67, has been a board member of Duke or its predecessor companies since 1994. The Connecticut resident was president of Diversified Publishing Group of ABC Inc. from 1991 until 1997, and previously worked in financial positions at ABC.

As chair, Gray will lead Duke’s 16-member board during meetings and between meetings. She earned $447,221 as lead director in 2012, according to securities filings.

The board also elected Lynn Good, who takes over from Rogers as chief executive and president on Monday, as its vice chair. Vice chair is a new position on the board.

Shareholders elect Duke directors once a year. The chair is elected as board members see fit, said Duke spokesman Tom Williams.

As lead director, Gray testified before the North Carolina Utilities Commission last summer as it probed the Duke board’s ouster of Bill Johnson to lead the merged Duke Energy and Progress Energy.

She testified that growing friction among executives and surprises about the condition of a crippled Progress nuclear plant led to Johnson’s dismissal shortly after the merger closed last July 2.

Gray met with Johnson later that night to ask for a separation agreement, and he was gone by morning.

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