Farrell Realized Nearly $185 Million During Tenure as Dominion Energy CEO
August 4, 2020
Owen Giles
Dominion Energy announced the transition of Chairman, President and Chief Executive Officer
Thomas F. Farrell, II to Executive Chairman of the Board, effective October 1, 2020. Mr. Farrell
has been CEO since January 1, 2006. Since 2006, Mr. Farrell has realized $184,682,662 in total
compensation as CEO.
On October 1, 2020, Robert M. Blue will assume the role of President and Chief Executive
Officer. He is currently an Executive Vice President and Co-Chief Operating Officer at the
Company.
Mr. Blue’s annual base salary will increase to $1,225,000 with an annual target bonus of
$1,470,000. Additionally, he will receive a $1,875,000 “true-up” LTIP award for his service time
as President and Chief Executive Officer for the remainder of the fiscal year.
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Owen Giles
Research Analyst at Equilar.
Research Analyst at Equilar, co-authored this post. Please contact Amit Batish, Manager Content & Communications, at abatish@equilar.com for more information about this article.