Duke Energy announced that the company is realigning its organizational structure and the roles of several senior leaders to support the company's long-term strategy. The following changes become effective on Aug. 1, 2014: Executive Vice President (EVP) Lloyd Yates will become EVP, Market Solutions and President, Carolinas Region, including electric distribution.

The state presidents for North Carolina and South Carolina (Paul Newton and Clark Gillespy) will continue to report to Yates. Mr. Yates will be responsible for the regulated operations, including electric distribution, in Duke Energy's North Carolina and South Carolina jurisdictions. He will continue to lead the advancement of Duke Energy's enterprise strategy for distributed energy resources and will add responsibility for enterprise customer solutions and delivery.

Mr. Yates has served as Executive Vice President of Regulated Utilities since December 2012, and was Executive Vice President, Customer Operations from the time of the Merger until December 2012. Mr. Yates was previously President and Chief Executive Officer of Duke Energy Progress Inc. (formerly, Progress Energy Carolinas Inc.) from July 2007 until the Merger. EVP Keith Trent will become EVP, Grid Solutions and President, Midwest and Florida Regions, including electric and natural gas distribution.

The state presidents for Indiana, Ohio-Kentucky and Florida (Doug Esamann, Jim Henning and Alex Glenn), will report to Trent. In this role, Mr. Trent will be responsible for the regulated operations, including electric and natural gas distribution, in Duke Energy's Ohio, Indiana and Florida jurisdictions. He will continue to be responsible for Duke Energy's transmission operations along with the added responsibility for leading the advancement of Duke Energy's enterprise strategy for grid solutions.

Mr. Trent has served as Executive Vice President and Chief Operating Officer of Regulated Utilities since December 2012, and was Executive Vice President of Regulated Utilities from the time of the merger of Duke Energy and Progress Energy Inc. (the Merger) in July 2012 until December 2012. Mr. Trent was previously Group Executive and President, Commercial Businesses from July 2009 until the Merger. Lee Mazzocchi will become Senior Vice President, Grid Solutions, leading an integrated focus on grid investment, innovation and standardization.

EVP and Duke Energy Nuclear President Dhiaa Jamil will become EVP and President, Regulated Generation, which will include all power generation in the regulated utilities; coal ash management; environmental, health and safety; and fuels and system optimization. EVP Jennifer Weber will become EVP, External Affairs and Strategic Policy. This newly integrated group will include federal affairs, public affairs, environmental and energy policy, corporate communications, The Duke Energy Foundation and sustainability.

Chief Information Officer A.R. Mullinax will become EVP, Strategic Services, and a newly integrated group to include information technology, supply chain, administrative services and performance excellence. Executive vice presidents remaining in their current roles are Steve Young, EVP and Chief Financial Officer; Julie Janson, EVP, Chief Legal Officer and Corporate Secretary; and Marc Manly, EVP and President, Commercial Portfolio.