Dominion Energy power generation group chief executive Paul Koonce will retire on 1 February 2020.
From 1 December Koonce, who has spent the past 20 years at Dominion Energy, will step down as head of the company’s generation operating segment to become executive vice president and strategic advisor, reporting to chairman and chief executive Thomas Farrell.
Farrell said: “We have turned to Paul for trusted leadership in a variety of areas since he joined the company two decades ago.
“Although he had always skillfully navigated the natural gas world, particularly in his stint at Consolidated Natural Gas and in his time leading our gas businesses, Paul has been equally adept on the electric side, overseeing safe, reliable and cost-effective electric operations throughout the past 10 years.
“Paul has been a tremendous asset to Dominion Energy, and he will be missed by all.”
Koonce joined Dominion Energy in 1999 after a career spanning more than 15 years at other companies in the energy sector.
During his time at Dominion Koonce oversaw a programme that has rebuilt several high-voltage transmission lines that serve as the backbone for Virginia’s electric grid, and a buildout of solar generation that has resulted in a tripling of the company’s solar portfolio in the past three years.
Koonce said: “I have gratitude and admiration for Tom, the board of directors and my colleagues.
“I look forward to a very active next chapter, and hope to remain engaged in some way with this essential industry.”
Dominion Energy is developing the 12MW Coastal Virginia offshore wind farm, with Orsted.