Once Duke Energy completes its acquisition of Piedmont Natural Gas, the combined Charlotte-based company will see several executives shifting jobs.
Jane Lewis-Raymond, chief legal, compliance and external relations officer, and Kevin O’Hara, chief administrative officer, will leave their respective posts when the $4.9 billion deal is complete, Piedmont said in a securities filing.
In other changes:
▪ Karl Newlin, chief financial officer of Piedmont Natural Gas, will lead the merged company’s gas commercial operations, according to the filing. That business unit includes operations like supply, wholesale marketing, transportation and pipeline services, and business development.
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▪ Piedmont’s chief utility operations officer, Victor Gaglio, will head the merged company’s gas utility operations. That unit consists of operations like construction, engineering, gas control and quality management, according to the filing.
▪ Bruce Barkley, Piedmont’s vice president of regulatory affairs, rates and gas cost accounting, will oversee the merged company’s rates and regulatory, community relations and state legislative affairs for its gas business.
Duke Energy announced the Piedmont acquisition in October. The merger is intended to help boost Duke’s growing reliance on natural gas over coal.
The N.C. Utilities Commission will begin hearing testimony in Duke Energy’s acquisition of Piedmont Natural Gas on July 18. The deal is expected to close by the end of 2016.
Piedmont’s CEO, Tom Skains, has said he’ll retire when the deal closes. Duke Energy CEO Lynn Good will lead the merged company.