Morgan Stanley appoints former Duke Energy CEO Lynn Good to board

NEW YORK - Morgan Stanley (NYSE:MS), a prominent player in the Capital Markets industry with a market capitalization of $210 billion, announced Monday that Lynn Good, former Chair, CEO and President of Duke Energy, has been elected to the company’s Board of Directors effective July 18, 2025. According to InvestingPro data, Morgan Stanley maintains strong financial health metrics with a current ratio of 2.07.

Good, 66, will serve on the Board’s Audit Committee, bringing the total number of board members to 15.

"We are very happy to welcome Lynn Good to our Board," said Ted Pick, Chairman and CEO of Morgan Stanley. "She brings valuable strategic and management experience to the team." The appointment comes as Morgan Stanley continues its track record of strong shareholder returns, maintaining dividend payments for 33 consecutive years with a current yield of 2.86%.

Good served as Chair, CEO and President of Duke Energy from January 2016 to April 2025, following roles as Vice Chair, CEO and President from July 2013 to December 2015. Her previous positions at Duke Energy included Executive Vice President and CFO from 2009 to 2013.

Before joining Duke Energy, Good worked at Cinergy Corporation as Executive Vice President and CFO in 2006 and as Vice President, Controller and Chief Compliance Officer from 2003 to 2005. Want deeper insights into Morgan Stanley’s financial performance and outlook? InvestingPro subscribers have access to over 30 additional premium metrics and exclusive analysis, including detailed Fair Value assessments and comprehensive Pro Research Reports.

Good’s background includes extensive accounting experience, having served as Audit Partner at Deloitte & Touche LLP (2002-2003) and Arthur Andersen LLP (1992-2002), where she began her career in 1981.

She currently serves on the board of directors of The Boeing Company (since 2015), where she chairs the Compensation Committee and is a member of the Audit Committee. Good also serves on the Feigen Advisors LLC Advisory Board.

The appointment was announced in a company press release statement.

In other recent news, Brookfield Asset Management Ltd. is preparing to secure approximately $3 billion in debt financing to facilitate its acquisition of Colonial Enterprises, the operator of the Colonial Pipeline in the United States. This financing effort is being led by Morgan Stanley and could emerge in the leveraged loan or bond market soon. Meanwhile, Morgan Stanley has received a stock rating upgrade from Erste Group, moving from Hold to Buy, due to its consistent positive earnings surprises and robust return on equity. Erste Group analysts anticipate that Morgan Stanley’s earnings per share will increase more significantly than its total expected revenue, despite projected lower revenue growth for 2025.

Additionally, Morgan Stanley Infrastructure Partners announced the sale of its stake in Seven Seas Water Group to EQT Infrastructure VI fund. This move aligns with Morgan Stanley’s strategy to manage high-value infrastructure assets. In another significant development, Clearlake Capital Group is nearing the completion of a $5.5 billion private debt deal to fund its acquisition of Dun & Bradstreet Holdings Inc., with Morgan Stanley involved in arranging the financing.

Furthermore, Morgan Stanley analysts have reported that bank mergers and acquisitions (M&A) activity is expected to rise in the second half of the year. The easing of recession risks could create a more favorable environment for such activity, according to the analysts. These recent developments highlight significant financial maneuvers and strategic shifts within these firms.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.