8-KLeadership ChangesExhibits & Filings

DTE ENERGY CO 8-K Report, Executive Changes (Sep 24, 2010)

Filed September 24, 2010For Securities:DTEDTKDTBDTGDTW

Summary

DTE Energy Company announced a significant leadership transition, effective October 1, 2010. Gerard M. Anderson, currently President and Chief Operating Officer, will be appointed President and Chief Executive Officer. This move represents an internal succession, with Mr. Anderson having been with the company in various leadership roles since 1994. He has been President and COO since 2005 and a board member since 2009. Concurrently, current Chairman and CEO Anthony F. Earley, Jr. will transition to the role of Executive Chairman, remaining an employee and director. The COO position will not be filled. This leadership change is accompanied by a modest increase in Mr. Anderson's compensation, including a $100,000 base salary increase and a 10% increase in his Annual Incentive Plan target percentage.

Key Highlights

  • 1Gerard M. Anderson appointed President and CEO, effective October 1, 2010.
  • 2Anthony F. Earley, Jr. transitions from CEO to Executive Chairman.
  • 3The COO position will not be filled.
  • 4Mr. Anderson has a long tenure with DTE Energy, holding various leadership roles since 1994.
  • 5Mr. Anderson's base salary will increase by $100,000.
  • 6Mr. Anderson's Annual Incentive Plan target percentage will increase by 10%.

Frequently Asked Questions

This 8-K filing announces a significant leadership change at DTE Energy, specifically the appointment of Gerard M. Anderson as the new President and Chief Executive Officer and the transition of Anthony F. Earley, Jr. to Executive Chairman.

Gerard M. Anderson is the incoming President and CEO. He has a long history with DTE Energy, having served in various leadership positions since 1994, including President and Chief Operating Officer since 2005, and has been on the Board of Directors since 2009.

Upon assuming his new role as President and CEO, Mr. Anderson will receive a $100,000 increase in his base salary and his Annual Incentive Plan target percentage will increase by 10%.

No, the filing states that the office of Chief Operating Officer will not be filled as part of this leadership transition.