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Jim Rogers' retention of the top job at Duke Energy (DUK -0.45%) following its merger with...

Jim Rogers' retention of the top job at Duke Energy (DUK -0.45%) following its merger with Progress raises a question about who will succeed him, says Moody's analyst Mike Haggarty, given that Rogers will turn 65 in September. The reasons for the surprise departure of Progress CEO Bill Johnson continues to vex investors and press.
Comments (4)
  • Charles U. Farley
    , contributor
    Comments (14) | Send Message
     
    The "surprise departure" of Progress CEO Johnson was no statement about Johnson, but about Rogers. No one should entertain any fantasies about the sweet Kentuckian being anything short of velvet-gloved and iron-fisted, and entirely *incapable* of retiring at 65. Any searches for a successor are laughably premature.
    5 Jul 2012, 02:46 PM Reply Like
  • prismbiz
    , contributor
    Comment (1) | Send Message
     
    I am a beggining investor - MBA student.
    5 Jul 2012, 03:06 PM Reply Like
  • MexCom
    , contributor
    Comments (3050) | Send Message
     
    In meeting Jim for the first time at this year's annual meeting, I found him to be not only highly personable but a dynamic leader and respected member of the Charlotte community. He is highly respectful to his constituency whether they be stockholders, board members, rate regulators and even environmentalists. His stature brings confidence and he portrays the image that Duke is maintaining an even keel to provide clean, reliable power to their customers at the lowest possible cost.

     

    There has been no service interruption here in Charlotte. This has to be compared to the frequent interruptions I have suffered in Asheville from Progress. His leadership I believe will improve the existing service to all customers in the expanded territory.

     

    He seems to enjoy his job and I would be surprised if he should retire in the near future.
    5 Jul 2012, 03:09 PM Reply Like
  • freebra
    , contributor
    Comments (248) | Send Message
     
    Asheville, NC ? Don't believe Progress Energy has ever served that area.............
    5 Jul 2012, 06:25 PM Reply Like
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