Lynn Good
Lynn J. Good | |
|---|---|
| Born | Ohio, United States |
| Occupation | Business executive |
| Years active | 1980s–present |
| Known for | President and CEO of Duke Energy (2013–2025) |
Lynn J. Good served as the president and CEO of Duke Energy, a leading Fortune 500 corporation, from 2013 until April 2025.[1] Originating from Ohio, she earned a Bachelor of Science degree in Systems Analysis and Accounting from Miami University in 1981.[2] In 2023, she was ranked 65th on Forbes' list of the "World's 100 most powerful women" and secured the 31st position on Fortune's Most Powerful Women ranking.[3]
Early life and education
Good was raised in Fairfield, Ohio. Her father transitioned from a math teacher to a high school principal. She completed her studies at Miami University, earning qualifications in both accounting and systems analysis.[4]
Early career
Good started her professional journey as an auditor at Arthur Andersen & Co’s Cincinnati office, becoming one of the pioneering women leading audits for major clients such as Cincinnati Gas & Electric.[5] By 1992, she was among the few female partners at Andersen.[4] In 2002, she transitioned to Deloitte, assuming a partner role.[6]
Cinergy
Following Arthur Andersen’s dissolution, Good joined Cinergy Corp. as senior vice president of accounting and finance. She advanced to executive vice president and CFO by 2005. After Cinergy merged with Duke Energy in 2006, she took on the role of senior vice president and treasurer at Duke’s headquarters in Charlotte and subsequently led its unregulated commercial segment. In July 2009, she was promoted to executive vice president and CFO at Duke.[7] Under her guidance, Duke invested heavily in renewable energy ventures, including wind and solar projects serving utilities and local governments.[4]
Duke Energy
In 2011, Duke Energy based in Charlotte merged with Progress Energy from Raleigh. Initially, Progress CEO Bill Johnson was slated to succeed Duke CEO Jim Rogers, but on closing day in June 2012, Johnson was dismissed and Rogers reinstated. Amid a regulatory inquiry in North Carolina, Duke committed to appointing a new CEO by mid-2013. Lynn Good was chosen by a joint board comprising members from both companies.
On July 1, 2013, Lynn Good assumed the role of Duke Energy's CEO and joined its board. She was appointed chairman in 2016. By 2018, her total compensation from Duke Energy approached $14 million.
Energy policy positions
On June 21, 2018, the Center for Strategic & International Studies (CSIS) conducted an interview with Good regarding energy policies, particularly focusing on carbon capture and sequestration. This method can potentially capture up to 90% of CO2 emissions generated by fossil fuel power plants, thereby lowering carbon emissions into the atmosphere. Good recognized carbon capture's promise for sustaining fossil fuel use in electricity generation but emphasized that it has not yet reached commercial feasibility. Duke continues to engage in research partnerships while awaiting necessary technological advances for widespread application.
Other affiliations
During the 1990s, Good contributed approximately eight years of service to the board of the Cincinnati Ballet. Since 2015, she has held a directorship at Boeing. Additionally, she is a member of the Business Roundtable board and has led its Smart Regulation Committee as chairperson since 2020.
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