On February 25, 2021, directors William E. Kennard and Marya M. Rose each notified Duke Energy Corporation (the Corporation") that, due to increased external business and personal commitments, they did not intend to stand for re-election to the Corporation's Board of Directors once their respective current terms ended at the Corporation's 2021 Annual Meeting of Shareholders. Neither director's decision not to stand for re-election was the result of any disagreement with the Corporation on any matter relating to the operation, policies, or practices of the Corporation.