Duke Energy announced executive appointments for its chief financial officer and chief commercial officer positions, effective September 1, 2022. Brian Savoy, currently executive vice president and chief strategy and commercial officer, will become executive vice president and chief financial officer, succeeding Steve Young. As CFO, Savoy will oversee the company's financial function, including the controller's office, treasury, tax, financial planning, risk management, and insurance.
He will also have responsibility for corporate development and enterprise strategy. Prior to his current role, Savoy served as senior vice president and chief transformation and administrative officer. Previously, he served as chief accounting officer and controller.
He joined Duke Energy in 2001 as a manager in the company's energy trading unit, and has since held a number of leadership positions throughout the company. Steve Young, currently executive vice president and chief financial officer, will become executive vice president and chief commercial officer. In his new role, Young will have responsibility for commercial renewables, the natural gas business unit, enterprise technology and security, business ventures and development, distributed energy solutions, regulated renewables development, and strategies to transform the company's generation and transmission assets to achieve its net-zero carbon emission goals.
Throughout his Duke Energy career, which began in 1980, Young has held numerous leadership roles in areas including finance, bulk power and system planning and operations. Before becoming CFO in 2013, he served as Duke Energy's senior vice president and chief accounting officer and controller.