Karl Newlin serves as senior vice president, corporate development and treasurer for Duke Energy. As treasurer, he is responsible for financing and capital markets activities, liability management, liquidity and cash management, long-term investments and managing Duke Energy’s relationships with the major credit rating agencies. As head of corporate development, he is responsible for the company’s corporate development activities, as well as mergers and acquisitions. He assumed his current position in November 2018.
Background
Previously, Newlin served as senior vice president and chief commercial officer for Duke Energy’s natural gas business. In this role, he led the gas commercial operations, which includes supply, wholesale marketing, transportation and pipeline services, field customer service, sales and delivery, and business development. He was named to this position following Duke Energy’s acquisition of Piedmont Natural Gas in October 2016. Newlin joined Piedmont Natural Gas in 2010 to manage Piedmont’s strategic planning functions, new business development activities and joint venture investments. In November 2011, he was appointed to the position of chief financial officer, assuming responsibility for Piedmont’s accounting, controller, finance, treasurer, investor relations, insurance, credit policy, risk management and state regulatory affairs areas. Prior to joining Piedmont Natural Gas, Newlin served as managing director of investment banking for Merrill Lynch & Co. in its New York and Los Angeles offices. He has extensive experience in the energy industry, leading teams in corporate financings and business transactions for natural gas distribution and midstream companies, electric utilities, independent power producers and clean energy companies. Newlin earned his Bachelor of Business Administration degree from Southern Methodist University and his MBA from UCLA Anderson School of Management. He is a chartered financial analyst. Newlin serves on the board of trustees of the Mint Museum and is a former board chair of the Arts & Science Council. In 2014, he was named “CFO of the Year” by the Charlotte Business Journal. Newlin and his wife, Shannon, have two children.