What is the significance of this filing for investors?

This filing is significant as it announces a planned transition in the Chief Financial Officer (CFO) position. Investors typically monitor such changes closely as the CFO plays a critical role in financial strategy, reporting, and investor relations. The smooth transition with an experienced internal successor, James R. Chapman, is a positive indicator for operational continuity.

Why is Mark F. McGettrick stepping down as CFO?

The filing indicates that Mark F. McGettrick has provided notice of his intent to step down as CFO to facilitate his retirement. He will remain with the company in an Executive Vice President role to support the transition until his retirement on January 1, 2019. This suggests a planned and orderly succession rather than an abrupt departure.

What is James R. Chapman's background, and how does it prepare him for the CFO role?

James R. Chapman has a strong financial background relevant to the CFO role. He has served as Senior Vice President – Mergers & Acquisitions and Treasurer since February 2016. Prior to that, he held various corporate finance and M&A leadership positions within Dominion Energy and also has experience in investment banking, specifically with Barclays plc, covering the power and utilities sector. This experience in M&A, treasury, and corporate finance provides a solid foundation for his new responsibilities.

When will Mr. Chapman's compensation for the CFO role be finalized?

The filing states that Mr. Chapman's compensation as the Company's Chief Financial Officer will be determined and approved by the Company’s Compensation, Governance and Nominating Committee at a later date. This is standard practice for executive compensation adjustments.

D 8-K: Leadership Changes

Summary

This 8-K filing from Dominion Energy (D) on October 9, 2018, announces a significant leadership change in its finance department. Mark F. McGettrick, the current Chief Financial Officer (CFO), will step down from his role effective November 1, 2018, to transition into a support role until his retirement on January 1, 2019. This planned transition aims to ensure continuity in financial operations. James R. Chapman has been appointed as the new Senior Vice President, Chief Financial Officer, and Treasurer, also effective November 1, 2018. Mr. Chapman brings extensive experience in mergers and acquisitions and corporate finance, including his recent role as Senior Vice President – Mergers & Acquisitions and Treasurer since 2016, and prior experience at Barclays plc. His appointment signals a continuation of experienced leadership within the company's financial strategy.

Key Highlights

1Mark F. McGettrick to step down as CFO effective November 1, 2018, remaining in an advisory role until retirement on January 1, 2019.
2James R. Chapman appointed as the new Senior Vice President, Chief Financial Officer, and Treasurer, effective November 1, 2018.
3McGettrick's departure follows a period of service, with a structured transition plan.
4Chapman's appointment leverages his existing experience within Dominion Energy and prior investment banking background.
5Chapman's prior roles include SVP - Mergers & Acquisitions and Treasurer, and extensive experience in corporate finance.
6Compensation details for Mr. Chapman in his new CFO role will be determined at a later date by the Compensation, Governance and Nominating Committee.
7The filing ensures transparency regarding executive leadership changes to investors and stakeholders.

DOMINION ENERGY, INC 8-K Report, Executive Changes (Oct 9, 2018)

Summary

Key Highlights

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