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Duke Energy names corporate development VP

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Nancy Pierce - Duke Energy
Catherine Stempien, VP corporate development, Duke Energy

Duke Energy has named Catherine Stempien its vice president of corporate development, replacing Richard Bates, who is leaving Duke.

Stempien will report to chief financial officer Steve Young, who said she will help execute corporate development initiatives and integrate them into Duke’s strategic planning.

Stempien, 44, has served as vice president, legal, for Duke’s commercial businesses since December 2012.

She led the legal transactions team in the spinoff of natural gas firm Spectra Energy in 2007 and the $2.1 billion Crescent Resources joint venture with Morgan Stanley in 2006.

Stempien joined Cinergy Corp. in 2003, prior to its 2006 merger with Duke, as associate general counsel. She previously worked for AT&T and AT&T Broadband.

Henderson: 704-358-5051; Twitter: @bhender
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