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Farrell Realized Nearly $185 Million During Tenure as Dominion Energy CEO

August 4, 2020

Owen Giles

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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.


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