Duke Energy Foundation Welcomes Loree Elswick as New Leader
Duke Energy proudly announces the appointment of Loree Elswick as the new president of the Duke Energy Foundation. This decision reflects the company's commitment to enhancing community engagement and service.
Significance of Loree Elswick's Appointment
According to Pepper Natonski, senior vice president of federal affairs, sustainability, and philanthropy at Duke Energy, Loree's leadership comes at a crucial time. As the company strives to meet rising energy demands for its customers while managing costs effectively, the role of the Foundation in enriching local communities is more vital than ever.
A Vision for Stronger Communities
Loree Elswick brings over 20 years of experience at Duke Energy, where she has been an ardent advocate for customer wellbeing and community support. Her extensive background in corporate communications, customer experience, and emergency preparedness showcases her unwavering commitment to public service.
Philanthropy as a Passion
"I am honored to take on this role and to further enhance community resilience across our service areas," Elswick stated. "Philanthropy is not merely a function—it's a heartfelt passion. I look forward to building upon the strategic initiatives of the Duke Energy Foundation and amplifying our efforts in the neighborhoods we serve."
The Duke Energy Foundation's Legacy
The Duke Energy Foundation has been a steadfast supporter of citizenship and community service for over four decades. Annually, it allocates more than $30 million for philanthropic efforts and has contributed over $280 million to communities in the past decade. Duke Energy volunteers also dedicate nearly $4 million worth of time to support nonprofit initiatives.
Elswick's Previous Roles and Future Plans
Before her current role, Elswick led operational, customer, and emergency communications at Duke Energy. Her extensive experience includes work in public affairs and nonprofit leadership. Starting November, she will begin her new role while continuing her residence in Charlotte.
Duke Energy Foundation Overview
The Duke Energy Foundation is dedicated to providing essential philanthropic support to the communities served by Duke Energy. Funded by the shareholders of Duke Energy, the Foundation's focus remains on understanding and meeting local needs.
About Duke Energy
Duke Energy (NYSE: DUK), recognized as a Fortune 150 company, is one of the largest energy holding firms in America. Headquartered in Charlotte, the company serves approximately 8.6 million customers across multiple states, including North Carolina, South Carolina, Florida, Indiana, Ohio, and Kentucky, and maintains 55,100 megawatts of energy capacity. Additionally, its natural gas utilities cater to around 1.7 million customers in North Carolina, South Carolina, Tennessee, Ohio, and Kentucky.
Commitment to Energy Transition
Duke Energy is actively pursuing an ambitious energy transition strategy, prioritizing customer reliability and value as it develops a more intelligent energy future. The company is investing significantly in modernizing the electric grid and advancing cleaner energy sources, including natural gas, nuclear energy, renewables, and energy storage technologies.
Frequently Asked Questions
Who is Loree Elswick?
Loree Elswick is the newly appointed president of the Duke Energy Foundation, focusing on enhancing community engagement.
What is the Duke Energy Foundation's mission?
The Duke Energy Foundation aims to support communities through philanthropic efforts and community service initiatives.
How much does the Duke Energy Foundation contribute annually?
The foundation contributes more than $30 million each year to philanthropic causes.
What is Duke Energy's approach to community service?
Duke Energy emphasizes corporate social responsibility through volunteering and significant financial contributions to local projects.
What are Duke Energy's goals in the energy transition?
Duke Energy seeks to build a more reliable and sustainable energy future by investing in technological advancements and cleaner energy sources.
