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Stephen De May retired from Duke Energy in January 2023 after a 33 year career with the company. He retired as North Carolina President where he was responsible for the financial performance of Duke's regulated utilities in North Carolina, and managed state and local regulatory and government relations, and community affairs. He was also has responsibility for advancing the company’s rate and regulatory initiatives related to its electric operations. Prior to that role, Stephen served as senior vice president, treasurer and head of tax, and previously served in various financial and public policy roles, including leadership of the corporate finance, international finance, risk management, investor relations and energy and environmental policy functions.

Stephen is a member of the board of advisors of Strata Clean Energy, a clean-tech company, providing utility-scale solar & storage developments, and, after retiring from Duke Energy through summer 2025, he served as an Advisor in Residence for Ernst & Young, a global firm specializing in consulting, assurance, tax and transaction services. Stephen served as a director on the boards of the North Carolina Chamber, National Advisory Board for NCSU’s Institute for Emerging Issues, NC FIRST Commission with the NC Department of Transportation, Raleigh Chamber, and Downtown Raleigh Alliance. A native of Long Island, N.Y., Stephen graduated from the University of North Carolina at Chapel Hill with a Bachelor of Arts degree in political science and a Master of Business Administration degree from the McColl Graduate School of Business at Queens University of Charlotte. He is a certified public accountant in North Carolina on inactive status. In 2010, he completed the Advanced Management Program at the Wharton School of the University of Pennsylvania.

Stephen and his wife Linda have three adult children.