(Harry Sideris Photo courtesy of Duke Energy)

Duke Energy (NYSE: DUK) announced Harry Sideris has assumed the role of chief executive officer and has joined the company's board of directors.

His appointment was part of a planned transition announced earlier this year.

Sideris has served as president since April 2024 and will retain that role.

He succeeds Lynn Good, who is retiring from Duke Energy after more than two decades of leadership, including nearly 12 years as CEO.

"I am honored to step into this role at such a pivotal time for our industry," said Sideris. "Thanks to Lynn's leadership, Duke Energy has become an industry-leading, fully regulated utility that is ideally positioned to seize the opportunities in front of us.”

Officials said Sideris will focus on shaping the future of Duke Energy by overseeing an $83-billion five-year capital plan and advancing critical infrastructure investments that support economic development and meet customers' energy demands.

Under Sideris' leadership, the company will continue prioritizing safety and operational excellence, delivering meaningful value to shareholders, and providing superior service to customers and communities, the officials said.

Sideris, a 29-year veteran of the company, has been a longstanding member of Duke Energy's senior management committee.

In his role as president, Sideris has successfully led Duke Energy's electric and gas utilities, including all aspects of customer service and operations.

Prior to becoming president, Sideris held leadership roles as executive vice president of customer experience, solutions and services, president of Duke Energy Florida, and vice president of environmental, health and safety.

His career began at Progress Energy (formerly Carolina Power & Light), before it merged with Duke Energy in 2012. 

Sideris will join boards of directors for the Edison Electric Institute, the Institute of Nuclear Power Operations and the World Association of Nuclear Operators.

He also will serve on the Business Roundtable and Charlotte Executive Leadership Council.

Also effective April 1, Ted Craver, formerly lead independent director, becomes chair of Duke Energy's board of directors.

Craver, who has served on the board since 2017, is the former chairman, president and CEO of Edison International. 

Solaia Capital Advisors LLC, through its affiliates, announced on April 3, 2025, the completion of an investment in Modjoul, Inc., a Greenville, South Carolina-based provider of hardware, software, and AI solutions that enhance workplace safety and productivity for industrial companies.

Modjoul’s effectiveness in reducing workplace injuries and costs has led to increased customer demand.

Officials said Solaia’s undisclosed investment provides Modjoul with the necessary capital to expand and diversify its customer base and to finalize development and rollout of its latest AI Manager productivity offering.

“Partnering with Solaia will fuel corporate growth and provide us with the necessary capital and operational resources to expand and strengthen our capabilities to meet the rising need for industrial workplace safety,” said Modjoul CEO, Eric Martinez.

Martinez added, “By combining Solaia’s strategic expertise with Modjoul’s innovative solutions, Modjoul is uniquely positioned to expand its installed base and offer significant cost-saving and productivity add-ons for our customers.”

“Modjoul’s success in reducing workplace injuries, coupled with cost-savings and operational benefits make Modjoul a compelling investment opportunity for Solaia,” said Michael Carrazza, Solaia Capital’s CEO.

Robinson & Cole LLP provided legal counsel to Solaia Capital. Davis Wright Tremaine LLP provided legal counsel to Modjoul.

Founded in 2016 and based in Greenville, South Carolina, Modjoul’s mission is to eliminate injuries in the workplace while making it safer and able to run more efficiently.

Solaia Capital is an investment management firm that invests in middle-market companies to create long-term value.

Capital resources, combined with value-enhancing operational expertise, are used to complement experienced management teams in the execution of business plans, operational improvement strategies, growth initiatives, industry consolidation and select turnaround and recapitalization plans.

 

Daniel Island, South Carolina-based IndySoft (www.indysoft.com), a global leader in measurement-driven asset management software, announce the acquisition of its UK distributor, IndySoft Europe LTD, effective April 1, 2025.

Financial terms weren’t disclosed.

Officials said the acquisition marks a major milestone in the two-decade relationship between the companies and reflects IndySoft's ongoing commitment to international expansion and deeper support for its global customer base.

"For over 20 years, IndySoft Europe has represented our brand with integrity, professionalism, and a deep understanding of the calibration industry across the UK and Europe," said Rhett Price, CEO of IndySoft Corporation. "This move brings us even closer to our customers in the region and allows us to deliver even more consistent service, support, and innovation moving forward."

Officials said existing customers will experience a seamless transition and will continue to work with the same dedicated team, now operating as an integrated part of the IndySoft global organization.

The officials said the acquisition will allow IndySoft to leverage the established relationships and expertise of IndySoft Europe to further expand its reach and capabilities within the European market, contributing significantly to the company's broader global expansion strategy.

They said the move further strengthens IndySoft's leadership position in enterprise calibration and measurement-driven asset management, reinforcing its focus on innovation, customer success, and global service excellence. 

 

Truist Names Claudia Davis Adamson As Head of Small Business Banking  

Truist Financial Corporation (NYSE: TFC) said it has hired Claudia Davis Adamson as head of small business banking.

As part of Consumer and Small Business Banking, Adamson will lead strategic execution for all areas of small business banking including deposits, lending, and payments solutions, data and analytics, operations and governance, and client experience for more than 1.2 million small business clients through Small Business Direct, Business Connect, and SBA lending solutions.

Adamson will join Truist this summer, reporting to Chief Consumer and Small Business Banking Officer Dontá Wilson and serve as a member of the Truist Operating Council.

"As a dynamic leader with extensive knowledge of the business sector, Adamson's proven track record of building highly successful teams and creating success for clients makes her a natural fit for this important leadership role at Truist," said Wilson.

With more than 20 years of experience focusing on small and midsize enterprise, middle market, and large corporate sector clients, Adamson most recently was managing director, U.S. head of business banking, and as part of the executive committee for the U.S. commercial bank at HSBC.

During her 10-year tenure, she also served as regional executive of corporate banking and U.S. head of sales intelligence for U.S. commercial banking along with championing culture and employee engagement as U.S. head of people excellence.

Previously, Adamson was director and regional executive for London corporate banking at Barclays.

Adamson holds a bachelor's degree in mathematics and computer science from Converse University in Spartanburg, South Carolina, and studied at the London Business School.

Truist Consumer and Small Business Banking serves more than 14 million retail, premier, and small business clients with deposits, lending, payments, and investment solutions through digital banking, virtual service centers, and more than 1,900 community banking branches across the Southeast, Mid-Atlantic, and Texas.

It also includes national consumer lending businesses LightStream, Dealer Financial Services, Regional Acceptance Corporation, Sheffield Financial, and Service Finance Company as well as consumer capital markets.

 

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