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How a CFO job prepared Lynn Good to serve as Duke Energy’s chief executive

Emma Hinchliffe, Kinsey Crowley
·3 分鐘文章

Good morning, Broadsheet readers! Elon Musk chooses Twitter's next CEO, the number of stay-at-home moms is rising, and a CFO job prepared Lynn Good for her decade atop Duke Energy. Happy belated Mother's Day!

More from Fortune:  5 side hustles where you may earn over $20,000 per year—all while working from home Looking to make extra cash? This CD has a 5.15% APY right now Buying a house? Here's how much to save This is how much money you need to earn annually to comfortably buy a $600,000 home 

- Power on. Before Lynn Good became the CEO of Duke Energy in 2013, she was the company's CFO. She says that finance background has served her well over the past decade as she's prepared the utility business for a renewable future.

"What we’re trying to accomplish with the assets we build using our capital takes decades of investment," she told Fortune's Phil Wahba. "So there’s a lot of strategy that sits in the CFO office. Where are we going? What are we spending money on? What are we trying to accomplish? It allows you to think through a lot of the issues that affect the business."

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Good has been a fixture on Fortune's Most Powerful Women list since she became Duke's CEO. Last year she ranked No. 32 thanks to her efforts to fend off an activist-led push to break up the $28 billion company into three parts. Her decade-long tenure makes her one of the longest-serving female CEOs in the Fortune 500.

Lynn Good, CEO of Duke Energy
Lynn Good, CEO of Duke Energy

Duke Energy, based in Charlotte, N.C., serves 8.2 million customers in the U.S. Southeast and Midwest. Eight percent of its power comes from renewable sources (up from 1% in 2005) and Good expects that stat to reach 27% by 2030. She expects coal-based power to be obsolete within 12 years; it accounts for 17% of power today compared to 60% in 2005.

But those aren't stats that are on most customers' minds, even though they influence the American power grid and climate change. Phil asked Good if her CEO job is ever "a thankless task for a customer base that just takes service for granted." "There’s an element of that," Good acknowledged. "Most people see us as ‘I turn on the switch; does it work?’ They often don’t have any idea how we make it work."

Satisfaction, then, comes not from customer appreciation but from acknowledgment from those who do pay close attention to the nation's utilities. "I think about the important role we play and how we enable everything else," Good said. "But I do want policymakers to understand what it takes to make it all work."

Read Good's full interview here.

Emma Hinchliffe
emma.hinchliffe@fortune.com
@_emmahinchliffe

The Broadsheet is Fortune's newsletter for and about the world's most powerful women. Today's edition was curated by Kinsey Crowley. Subscribe here.

This story was originally featured on Fortune.com

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