He replaces Jim Stanley, who is transitioning to senior vice president of power delivery for the company’s US operations. Reed is currently commissioner of Indiana’s Department of Transportation. He will join Duke Energy on June 14.
Reed, of Cicero, has led the state’s DOT since February 2009, where he was responsible for approximately 4,000 employees and a $2 billion annual budget to construct and maintain the state’s road system. He reported to Indiana Governor Mitch Daniels and is a member of his cabinet.
Prior to his work with the state, Reed held various leadership positions at GTE/Verizon. He was the senior state executive for the Indiana, Texas and Kentucky operations. In that role, he had overall responsibility for customer service, delivery, construction, maintenance, large and medium customer account management, budgets, and regulatory and legislative relations.
Early in his career at GTE, he was the first quality director for the company’s largest subsidiary, covering 13 Midwestern states. Additionally, he directed annual revenue and expense budgets of more than $1B as budget and finance director for GTE’s Midwestern operation.
Reed has a broad base of utility experience. He served as executive director of the Indiana Utility Regulatory Commission from 2006-2009, where he managed the commission’s electricity, water, sewer, natural gas, pipeline safety and consumer utility industry divisions.
