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Significant Events of Keith Butler

Keith G. Butler took the responsibility as senior vice president of Global Risk Management and Insurance at Duke Energy Corporation on 11th February 2016. He has been successfully managing the corporate risk while focusing on the corporate market, operational, credit as well as strategic risk. With his highly efficient risk managing skills, he is additionally made responsible to manage the insurance programs of the company. Butler takes his responsibilities of risk management with more than 30 years of experience and now undertakes the responsibility of chief risk officer of the company. He makes his risk management strategy so efficient that he changed the way of risk management practiced in Duke Energy. He devised the new procedure of selecting the insurance partner where he does not select the partner with highest numbers of insurance policies rather selects the partner that comes together with the advisory role by exhibiting the nuanced understanding of the industry and the strategy of the company. This has helped company in managing the risk much more efficiently than ever before (InsuranceBusinessMag). Butler has effectively managed the risks associated with the various projects developed by the Duke Energy in the United States, Asia-Pacific and Latin America. He is a member of the Enterprise Risk Management Initiative advisory board of N.C. State University as well as serving in developing various risk management strategies and tools as a member of Strategic Risk Council (Duke Energy). Though his line of reporting is executive vice president and CFO, he has developed the system where he is directly involved in risk and management committee and it has produced the effective result in risk management. He does not have significant achievement as CRM because he was previously employed as head of tax department and it has been only couple of years he has been assuming the role; however, he has been driving the risk culture in the company.