Extract
Duke's new troubleshooter.
When Paul Anderson resigned five years ago as Duke Energy's president and chief operating officer to head Broken Hill Proprietary Ltd., Duke was going up like an express elevator and the Melbourne, Australia-based mining company was, in his words, a dysfunctional family. Now he's coming back to Charlotte to replace Rick Priory as chairman and CEO of Duke, which is suffering from plunging revenue and sagging investor confidence.
Anderson turned around what is now BHP Billiton, Australia's largest company, with $31 billion market capitalization. Behind his casual style--BHP associates say he ate in the company cafeteria--is an executive experienced in righting reeling enterprises, including Houston-based PanEnergy. Its president and CEO from 1993 until it merged with Duke in 1997, he's credited with bringing it back into profitability. "Most of my career has been focused on troubled situations or leading companies through major transit...See the full content of this document
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