Another Progress exec leaves Duke Energy

Duke Energy Corp. on Monday said another top executive from merger partner Progress Energy, Jeff Lyash, plans to leave the company at the end of the year.

Lyash was Duke's executive vice president of energy supply. A Duke (NYSE: DUK) spokesman said he won't be replaced; his duties will be divided between Keith Trent, a top executive for regulated utilities, and Dhiaa Jamil, the company's chief nuclear officer.

Charlotte-based Duke also said it's bringing in Julie Janson from its Midwestern operations to replace Marc Manly as the company's chief legal officer. Duke agreed to move Manly out of that position as part of a settlement to end the North Carolina Utilities Commission's five-month investigation into the company's decision to push out CEO Bill Johnson just hours after he stepped into the job.

The company also tweaked the responsibilities of several other top execs, as described here.

Duke's top ranks have had unusually high turnover since the moment Johnson left. Three of the top-level executives that followed Johnson from Raleigh-based Progress followed him right back out of Duke within days. One of those, John McArthur, has been re-hired by Duke on a temporary basis as part of the settlement.

Chris Bagley covers the legal-services industry, transportation and utilities. Follow him on Twitter @TriBizLaw

Source: http://feeds.bizjournals.com/~r/bizj_triangle/~3/e--tP8risPI/another-progress-exec-leaves-duke.html

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