Summary
This 8-K filing from DTE Energy Co. announces a significant change in its principal accounting officer role. Effective September 1, 2012, Donna M. England, previously Director of Technical Accounting, will assume the position of Chief Accounting Officer. This transition involves a move for the current officer, Peter B. Oleksiak, who will transition to Senior Vice President - Finance. Investors should note this leadership change within a key financial reporting function.
Key Highlights
- 1Donna M. England appointed Chief Accounting Officer, effective September 1, 2012.
- 2Ms. England's previous role was Director, Technical Accounting.
- 3Peter B. Oleksiak, the current Chief Accounting Officer, will become Senior Vice President - Finance.
- 4Ms. England's appointment was approved by the Board of Directors on June 14, 2012.
- 5Upon assuming her new role, Ms. England will receive a base salary increase.
- 6Ms. England's target incentive percentages under the Annual Incentive Plan and Long Term Incentive Plan will be adjusted upwards.
- 7She will also become eligible for the Executive Supplemental Retirement Plan.
Frequently Asked Questions
Donna M. England has been appointed as the new Chief Accounting Officer, effective September 1, 2012.
Peter B. Oleksiak will transition to the role of Senior Vice President - Finance.
Yes, upon assuming her new role, Ms. England will receive an increase in base salary, higher target incentive percentages under the Annual and Long Term Incentive Plans, and eligibility for the Executive Supplemental Retirement Plan.
The Board of Directors elected Ms. England to her new role at their meeting on June 14, 2012.