Duke Energy's board of directors announced the appointment of DowDuPont executive vice president Nicholas Fanandakis as a new board member, effective today.

Fanandakis served as DuPont's chief financial officer from 2009 until 2017, when DuPont merged with Dow Chemical Co., creating DowDuPont. He continued to serve as CFO of the DuPont legal entity within DowDuPont until earlier this year.

"Nick Fanandakis is a customer-focused, highly experienced senior leader who has helped guide his company in a complex, constantly changing industry," said Lynn Good, Duke Energy's chairman, president and CEO. "His insights and knowledge will be valuable to our board as Duke Energy similarly moves forward in a rapidly transforming industry."

Fanandakis will join two Duke Energy board committees: finance and risk management committee, and audit committee.

He began his career at DuPont in 1979 in the petrochemicals department, followed by a variety of positions across the company before assuming a series of leadership roles, focused primarily on the industrial solutions, chemical and applied biosciences markets.

Fanandakis was instrumental in DuPont's transformation, overseeing the business portfolio's reshaping, including the acquisition of Danisco, sale of the coatings business, and spinoff of the chemical division.

He also played a key role in DowDuPont's post-merger, recently concluded division into three independent, publicly traded companies: Dow (former materials science division), Corteva Agriscience (agriculture division) and DuPont (specialty products division).

Fanandakis is retiring in July after a 40-year career at DuPont and later DowDuPont.