Duke Energy (DUK) Chair, CEO Rogers Announces Retirement

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Duke Energy Chairman, President and CEO Jim Rogers today announced his intent to retire from the company by the end of 2013, which is consistent with the expiration of his employment contract.

Rogers has served as a CEO in the utility industry since 1988. Over that period, he has delivered one of the best average annual total shareholder returns in the industry.

Rogers became president and CEO of Duke Energy following the merger between Duke Energy and Cinergy in 2006. Before the merger, he served as Cinergy's chairman and CEO for more than 11 years. Prior to the formation of Cinergy, he served as chairman, president and CEO of PSI Energy from 1988 until 1994.

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