Two quit Duke Energy board, say new CEO needed

Response: So when will they undo this merger? This is just too much. It appears the merger is based on lies.

Charlotte, N.C. — Two riled directors of America’s largest electric company resigned Friday, saying they were blindsided by a surprise management switch that has put pressure on Duke Energy Corp.’s credit rating and stock price.

John Baker II and Theresa Stone called on the remaining board of directors to start a search to replace Chief Executive Jim Rogers. Baker and Stone had been on Progress Energy Inc.’s board of directors and joined the Duke board when the companies merged July 2. (Read more)

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Duke & Progress Energy Merger