He will be located in Orlando, Fla., and responsible for recruiting companies in the data center sector in Duke Energy's six-state service territory in North Carolina, South Carolina, Florida, Kentucky, Ohio, and Indiana.
Duke Energy's approach to business development is unique in the utility industry. The company partners with local, regional and state economic development organizations, and also has a specialized enterprisewide business development team that identifies and proactively recruits large national and international companies to its entire service footprint.
For a record 14th year, Site Selection magazine in 2012 recognized Duke Energy as one of the nation's 10 best utility companies in promoting business and economic development.
"John brings more than 25 years of experience to our team," said Stuart Heishman, Duke Energy vice president for economic development and business development. "His diverse background will further strengthen our Business Development Team and help position the company for continued growth and success in our economic development efforts."
Fremstad spent the past decade as the vice president of KBR Building Group-Florida and vice president of the Metro Orlando Economic Development Commission. Notable Central Florida projects he led include the recruitment and/or construction of the Sanford Burnham Institute for Medical Research, University of Florida Research and Academic Center, JetBlue University, Electronic Arts, and the schools of medicine and interactive entertainment at the University of Central Florida.
He also founded bioOrlando, a company dedicated to accelerating growth in the bio/life sciences industry that helped make Central Florida a preferred destination for healthcare, life science, biotechnology and pharmaceutical companies.
Fremstad has been a subject matter expert on economic and political trends on television news programs such as CNN, FOX News and MSNBC and has been featured in trade and industry publications ranging from BusinessWeek to PollStar.
He has a Bachelor of Science degree in communications from the University of Wisconsin and a Master of Arts degree in psychology from the University of Nebraska.
Duke Energy is the largest electric power holding company in the United States with more than $110 billion in total assets. Its regulated utility operations serve approximately 7.2 million electric customers located in six states in the Southeast and Midwest. Its commercial power and international business segments own and operate diverse power generation assets in North America and Latin America, including a growing portfolio of renewable energy assets in the United States.
Headquartered in Charlotte, N.C., Duke Energy is a Fortune 250 company traded on the New York Stock Exchange under the symbol DUK. More information about the company is available at: www.duke-energy.com.
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