Duke Energy board appoints Robert Davis as board member

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CHARLOTTE, N.C., -- Duke Energy's board of directors today announced the appointment of Robert Davis, chief financial officer and executive vice president of global services at healthcare company Merck & Co., Inc., as a new board member, effective Jan. 8, 2018.

"Rob brings a record of strong and creative leadership in an industry undergoing rapid change," said Lynn Good, Duke Energy's chairman, president and CEO. "His extensive knowledge and insights will be immensely valuable to Duke Energy as we similarly navigate the challenges and opportunities of an industry in transition."

Davis will serve on two Duke Energy board committees: audit, and finance and risk management.

Davis joined Merck in 2014.

Prior to Merck, he worked for Baxter, International Inc., where he served as the company's corporate vice president and president of Medical Products from 2010 through 2014. In that role, he oversaw a range of businesses with products used in the delivery of fluids and drugs to patients, and in the treatment of end-stage kidney disease.

Prior to that position, Davis served as corporate vice president and president of Baxter's renal business.

He served as Baxter's corporate vice president and chief financial officer from 2006 through 2010, and the company's treasurer from 2004 through 2006.

Prior to joining Baxter, Davis worked at Eli Lilly and Co., where he held numerous positions of increasing responsibility over 14 years.

He has served on the board of directors for C.R. Bard, Inc., since 2015, and is a member of its finance, audit, and science and technology committees.

Davis previously served on the board of trustees for Rush University Medical Center, and as a member of its finance committee from 2006 through 2014.

He was a member of the board of directors of AdvaMed from 2010 through 2014, and a member of the board of the Baxter International Foundation from 2006 through 2014.

Davis earned his J.D. degree from Northwestern University School of Law, and his MBA from Northwestern University's Kellogg Graduate School of Management, after graduating from Miami University with a bachelor's degree in finance.

Duke Energy
Headquartered in Charlotte, N.C., Duke Energy is one of the largest energy holding companies in the United States. Its Electric Utilities and Infrastructure business unit serves approximately 7.5 million customers located in six states in the Southeast and Midwest. The company's Gas Utilities and Infrastructure business unit distributes natural gas to approximately 1.6 million customers in the Carolinas, Ohio, Kentucky and Tennessee. Its Commercial Renewables business unit operates a growing renewable energy portfolio across the United States.

Duke Energy is a Fortune 125 company traded on the New York Stock Exchange under the symbol DUK. More information about the company is available at duke-energy.com

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