Duke – Progress Energy
In the past few days there has been a leadership fallout in the merger of Duke Energy and Progress Energy. The CEO of Progress Energy (who was well-regarded) left the combined company immediately after the merger was approved.
The CEO of Duke (who is not well-regarded) assumed the role of CEO.
According to the news reports, The North Carolina Utilities Commission was led to believe that the Progress guy would be the CEO. Will the commission revisit their approval….they can according to the regulatory rules.
The real issue is what kind of leadership is needed to lead one of the biggest utilities in the country