Duke Energy, an electric power holding company, announced the creation of a new business group: Business Transformation and Technology. This group will be comprised of the company's existing information, technology and security organizations, as well as resources dedicated to business transformation.

Brian Savoy will lead the new organization as senior vice president and report directly to Chief Financial Officer Steve Young. “This new group reflects the importance of technology as a transformational tool to achieve our strategic objectives,” Young said in a statement.

Bill Currens, who currently serves as vice president of investor relations, will succeed Savoy in his current roles as senior vice president, chief accounting officer and controller. Currens joined Duke Energy in 2002 as a manager in the corporate controller's organization.

Michael Callahan will succeed Currens as vice president of investor relations. Callahan, who is currently director of regulated utilities forecasting, joined Duke Energy from PwC in 2002 and has held positions of increasing responsibility in treasury, investor relations and forecasting.

Savoy, Currens, and Callahan will report to Young. The changes are effective May 16.