Dominion Energy Names New Executive Leadership Team
Dominion Energy (NYSE: D) announced leadership changes effective October 1, 2020. Thomas F. Farrell, II will transition from CEO to executive chair, retaining Board chair responsibilities. Robert M. Blue will be promoted to president and CEO, while Diane Leopold becomes the sole COO. Edward H. Baine is promoted to president of Dominion Energy Virginia. This transition is part of a succession plan aimed at strengthening leadership as the company focuses on sustainable energy strategies. Farrell emphasizes the importance of this leadership team for future growth.
- Strengthened management team with seasoned leaders in key roles.
- Focus on strategic planning and leadership in clean energy economy.
- Transition in leadership may introduce short-term uncertainties.
RICHMOND, Va., July 31, 2020 /PRNewswire/ -- Dominion Energy (NYSE: D) today announced that Thomas F. Farrell, II, chairman, president and chief executive officer, will become the company's executive chair, effective Oct. 1, 2020. In that role, Farrell will continue to serve as chair of the Board of Directors. Also, effective that date, Robert M. Blue, executive vice president and co-chief operating officer, will be promoted to president and chief executive officer, reporting to Farrell. Diane Leopold, executive vice president and co-chief operating officer, will be promoted to Dominion Energy's sole chief operating officer, responsible for all the company's operating segments, reporting to Blue. Edward H. "Ed" Baine will be promoted to president-Dominion Energy Virginia. He will report to Leopold.
Farrell joined Dominion Energy in 1995, was promoted to president and CEO in 2006 and added the role of chairman in 2007. "One of my goals as CEO was to build a strong leadership team and a long-term succession plan," said Farrell. "Today's announcement is the next step in that process."
"There is no established timeframe for my role as executive chair, and I look forward to continuing to serve the company on behalf of our shareholders, customers and communities," Farrell continued. "I will be particularly focused on continuing to develop our strategic plan and Dominion's leadership in the new clean energy economy."
Blue joined Dominion Energy in 2005 and has held a succession of services and operational executive roles since his promotion to officer in 2007, including vice president-State and Federal Affairs; senior vice president-Public Policy and Corporate Communications; senior vice president-Regulation, Law, Energy Solutions, & Policy; president-Dominion Virginia Power; and his current role as executive vice president and co-chief operating officer.
Prior to joining Dominion Energy, Blue served as counselor to the Governor and director of policy for Virginia Governor Mark Warner, as an attorney and partner at then-Hogan & Hartson, and as a law clerk for the U.S. District Court in the Eastern District of Virginia. Blue has been a board member of a wide range of community organizations and is currently a member of the Virginia Health Care Foundation and Communities in Schools of Virginia as well as the University of Virginia's Board of Visitors. Blue is a graduate of the University of Virginia, Yale Law School and the University of Virginia's Darden School of Business.
Leopold joined Dominion Energy in 1995 and became an officer in 2004. She held a wide range of executive roles in both the electric and natural gas businesses of the company prior to her current role as executive vice president and co-chief operating officer. These include senior vice president-Business Development & Generation Construction; senior vice president-Dominion Transmission; and executive vice president and CEO-Gas Infrastructure Group.
Leopold currently serves as chair of the American Gas Association. She is a member of the Board of Trustees of Virginia Union University and is on the board of directors of Markel Corporation and of the Growth and Opportunity Virginia Foundation. Leopold is a graduate of the University of Sussex in the United Kingdom and has a master's degree in engineering from George Washington University. She earned her MBA from Virginia Commonwealth University.
Baine joined the company in 1995 as an associate engineer after earning a bachelor's degree in electrical engineering from Virginia Tech, and since has held numerous engineering, operational and management positions. He was promoted to vice president-Shared Services in 2009, and became vice president–Power Generation System Operations in 2013 and senior vice president–Transmission & Customer Service in 2015. In 2016, he was named senior vice president-Distribution, Power Delivery Group, and assumed his current role as senior vice president-Power Delivery for Dominion Energy Virginia in 2019.
Baine is a member of Virginia Tech's Board of Visitors. He is active in the industry as a member of the Southeastern Electric Exchange Board of Directors and the Association of Edison Illuminating Companies' Power Delivery Executive committees. He is a board member of the Dominion Energy Credit Union, ChamberRVA, Venture Richmond, CJW Medical Center, the Valentine and MEGA Mentors.
Succeeding Baine as senior vice president-Power Delivery will be Charlene Whitfield, who, effective Oct. 1, 2020, is being promoted from her current role as vice president-Distribution Operations. Whitfield will oversee Dominion Energy Virginia's electric transmission, distribution and customer solutions business and will report to Baine. Whitfield joined Dominion in 1982 and has held a wide range of leadership roles within Dominion Energy Virginia. She has a bachelor's degree in accounting from Virginia Union University and is a board member of the Dominion Energy Credit Union and the Greater Richmond Partnership.
More than 7 million customers in 20 states energize their homes and businesses with electricity or natural gas from Dominion Energy (NYSE: D), headquartered in Richmond, Va. The company is committed to sustainable, reliable, affordable and safe energy and to achieving net zero carbon dioxide and methane emissions from its power generation and gas infrastructure operations by 2050. Please visit DominionEnergy.com to learn more.
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SOURCE Dominion Energy
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