Duke Energy picks Gray to chair board of directors

CHARLOTTE, NC - JANUARY 10: A man walks past one of two buildings that house Duke Energy's headquarters January 10, 2011 in Charlotte, North Carolina. Duke Energy announced plans to buy Progress Energy, which is based in Raleigh, North Carolina. If the merger is approved, the combining of the two companies will create the country's largest electric utility and will provide power to over 7 million customers. (Photo by Davis Turner/Getty Images)
Davis Turner

CHARLOTTE, N.C. Duke Energy Corp. (DUK) has selected lead director Ann Maynard Gray as the new chairwoman of its board, while its incoming CEO will serve as vice chairwoman.

The country's largest electricity company said Thursday its board unanimously elected Gray as its new chairwoman, effective when current chairman and chief executive officer Jim Rogers retires Dec. 31.

The board also has elected Lynn Good as vice chairwoman, an appointment that will take effect when she takes over as CEO on Monday.

Gray has been lead director since 2004 and a board member at Duke Energy or its predecessor companies since 1994. She was formerly president of the Diversified Publishing Group of Capital Cities/ABC Inc.