By OGJ editors
HOUSTON, Nov. 26 -- Duke Energy Corp., Charlotte, NC, has reorganized its finance and risk management functions and initiated key changes in their executive leadership.
Following the resignation of chief financial officer Robert Brace, newly appointed Chairman and CEO Paul Anderson named Senior Vice-Pres. and Treasurer David Hauser as acting senior vice-president and chief financial officer effective Nov. 21. Hauser will also continue to fulfill his role as treasurer pending appointment of a new treasurer, expected by yearend.
Anderson, who assumed the positions of chairman and CEO Nov. 1 (OGJ Online, Oct. 9, 2003), said Hauser would be considered an "excellent internal candidate" in the company's "disciplined evaluation of other candidates" for CFO in the months ahead.
Hauser, a 30-year employee of Duke Energy, held various accounting positions, including controller, in his first 20 years. He later served as vice-president, procurement services and materials and was named senior vice-president of global asset development in 1997. He came to his current position in 1998.
As acting CFO Hauser will certify financial statements and head the finance functions of treasury, tax, accounting, and financial planning. In addition, the company's risk management organization, which currently reports to executive vice-president Richard Osborne, will now report to the CFO.
Osborne will retain responsibility for Crescent Resources, internal audits, insurance, and crisis and business continuity planning.
Merger and acquisitions Vice-Pres. Paul Barry and his group will move from the CFO organization to report to Richard Blackburn, executive vice-president, general counsel, and chief administrative officer. This change is designed to more closely align the M&A group with the strategy and planning function, which reports to Blackburn.
Greg Ebel, vice-president of investor and shareholder relations, who also previously reported to the CFO, will now report directly to the CEO.
