Bullish indicating open at $55-$60, IPO prices at $37
Dominion Energy, Inc. (NYSE:D), a $48.2 billion utility giant with annual revenues of $14.9 billion and a 43-year track record of consistent dividend payments, reported that Michele L. Cardiff has given notice of her intent to retire as Senior Vice President, Controller and Chief Accounting Officer, effective October 1, 2025. The announcement was made in a press release statement included in a recent SEC filing.
The company’s board of directors has elected Gary G. Ratliff, Jr. to succeed Cardiff as Vice President, Controller and Chief Accounting Officer, also effective October 1, 2025. Ratliff, age 46, is currently Vice President – Accounting, a position he has held since April 1, 2025. He previously served as Controller in the research reporting and controls group from February 2024 to March 2025, and as Director of Accounting from September 2015 to February 2024.
Ratliff is a certified public accountant and holds a bachelor’s degree in commerce with a concentration in accounting from the University of Virginia.
Upon assuming his new role, Ratliff’s annual base salary will be set at $290,035.
This information is based on a press release statement included in Dominion Energy’s recent filing with the Securities and Exchange Commission.
In other recent news, Dominion Energy has been active with several significant developments. The company announced the issuance of $1 billion in senior notes, part of a broader financial strategy to manage its debt portfolio and fund capital programs. In a recent annual meeting, all 11 director nominees were elected to the Board of Directors, and shareholders approved the executive compensation package. Additionally, Dominion Energy declared a quarterly dividend of 66.75 cents per share, continuing its long-standing tradition of consistent dividend payments. Jeffrey J. Lyash, the former CEO of the Tennessee Valley Authority, has joined Dominion Energy’s board, bringing extensive experience in utility operations and nuclear energy.
Moody’s Ratings recently downgraded Virginia Electric and Power Company’s (VEPCO) senior unsecured rating to A3 from A2 and changed Dominion Energy’s outlook to negative from stable. This downgrade reflects uncertainties in the political and economic environments impacting Dominion and VEPCO’s financial metrics. Dominion’s financial metrics were below expectations in 2024, contributing to the negative outlook. Despite these challenges, VEPCO maintains a stable outlook due to its financial flexibility at the A3 rating level. These developments highlight Dominion Energy’s ongoing efforts to navigate complex financial and operational landscapes.
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