Michael Kimner worked hard to reach Duke Energy's Senior ManagementThis article was originally distributed via 24-7 Press Release Newswire. 24-7 Press Release Newswire, WorldNow and this Site make no warranties or representations in connection therewith.
CHARLESTON, SC, June 01, 2014 /24-7PressRelease/ -- Michael Kimner spent more than twenty years in the Energy industry, and rose to become the Chief Executive Officer of Duke Energy Merchants, a subsidiary of Duke Energy Corporation. The Duke Energy Corporation is an integrated provider of energy and energy services, and offers physical delivery and management of both electricity and natural gas throughout the United States and abroad.
Michael Kimner has always focused on risk management and trading. He earned a degree in Business Administration from the University of Maine, with a concentration on Finance. He took and passed the FINRA Series 3 exam while still at the Mid Atlantic Company of Virginia in 1990. Michael Kimner has worked long and hard hours to climb the corporate ladder.
Risk management, as Michael Kimner
knows, is the process of identifying the uncertainties in investment decision-making. Risk management occurs whenever an investor or fund manager analyzes and attempts to quantify the potential for losses in an investment, and then takes the appropriate action given their investment objectives and risk tolerance. As Michael Kimner can confirm, poor risk management can lead to severe consequences for both companies and individuals.
Michael Kimner was the Chief Analyst for Risk Management for MG Refining and Marketing, where he developed strategies for trading and marketing of the company's refined products all over the United States, and created hedging strategies for two refineries operated by the company. During his tenure at MG Refining and Marketing, Michael Kimner traveled extensively with the marketing staff to present and explain concepts to its customer base.
later became a partner at Risk Management Limited Associates in Bel Air, Maryland, where he created and implemented a business plan to establish and manage the company. He was the Director of Portfolio Services at PanEnergy Trading and Marketing in Houston, where he was responsible for all risk exposures within the company.
It was while he was at the Mid Atlantic Company of Virginia that Michael Kimner took and passed the Series 3 exam, entitling him to sell commodities and futures contracts. He leveraged that experience into his present career as Independent Investment Management professional.
Michael Kimner first arrived at Duke Energy in 1997. Duke Energy is a global energy company which had more than twenty-six billion dollars in assets when Michael Kimner first started with Duke Energy Trading and Marketing as its Vice President of Trading and Portfolio Management.
In that role, Michael Kimner
was in charge of all derivative trading for the company. He also provided full hedging services for its physical natural gas group on a national level, and directly supervised a staff of five traders and three assistants. He produced individual annual gross margins per year at an average of $30 million.
He was later the Senior Vice President of Petroleum and Risk Trading at Duke Energy Merchants, the Head of Trading at Duke Energy Trading and Marketing, and finally its President and CEO.
Today, Michael Kimner is an Independent Investment Management professional. He lives and works in Charleston, South Carolina, where he has been active in the community as an Assistant Scoutmaster and has been active as a coach of the Little League and Youth Football teams his two children played on.
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