Biography

Mr. Jacobs retired in January 2026 as Senior Vice President, Supply Chain, Real Estate, and Chief Procurement Officer for Duke Energy, a Fortune 150 public utility headquartered in Charlotte, North Carolina. Over his 23-year career at that company, he has held various leadership roles, including serving as Chief Accounting Officer, Chief Risk Officer, and Senior Vice President of Financial Planning and Analysis, among others. In February 2026, Mr. Jacobs joined Kohlberg & Co. as an Operating Advisor for their infrastructure fund. He serves on two of the portfolio company boards: AWP Safety and RESA Power. Prior to joining Duke Energy, Mr. Jacobs was an audit and business advisory partner with Arthur Andersen, where he worked for 14 years in Washington, D.C. and the Carolinas serving various large private equity, consumer products, hospitality and real estate clients.

Mr. Jacobs is a Lumbee Indian of North Carolina and is the chair of the University of North Carolina at Chapel Hill’s Alumni Committee on Racial and Ethnic Diversity. He was appointed to the advisory board for McColl School of Business at Queens University of Charlotte and is an executive in residence there. Mr. Jacobs received the 2023 Distinguished Service Medal from the University of North Carolina at Chapel Hill.

Mr. Jacobs joined the Board effective May 20, 2024, after having served as an advisory director of HomeTrust Bancshares and HomeTrust Bank since September 25, 2023. The Board believes his background as a business leader, his expertise in finance and risk management and his role as active community leader make him a valuable member of the Board.