Summary
Dominion Energy, Inc. (D) announced on January 24, 2017, the election of two new members to its Board of Directors: Mr. Joseph M. Rigby and Ms. Susan N. Story. These appointments are effective immediately and will continue until the next annual election of Directors. This move by the Board indicates a potential expansion or reconstitution of its governing body, which could signal strategic shifts or responses to evolving market dynamics. Both Mr. Rigby and Ms. Story will be compensated according to the company's existing Non-Employee Directors Compensation Plan. Their appointments are a key governance update, and investors should monitor their contributions and any future board-level decisions. The filing also references standard agreements for director expense advancements, which are common practice and do not represent new financial commitments outside of established policies.
Key Highlights
- 1Election of Joseph M. Rigby and Susan N. Story to the Board of Directors.
- 2New directors will serve until the next annual election.
- 3Compensation for new directors will follow the Non-Employee Directors Compensation Plan.
- 4Filings reference standard director expense advancement agreements.
- 5This is a governance-related update concerning board composition.