8-KLeadership ChangesExhibits & Filings

DTE ENERGY CO 8-K Report, Executive Changes (Jul 13, 2017)

Filed July 13, 2017For Securities:DTEDTKDTBDTGDTW

Summary

DTE Energy Co. announced a key change in its Board of Directors with the election of Robert Skaggs as a new director, effective July 13, 2017. Mr. Skaggs brings substantial experience in the gas, storage, and pipeline sector, having most recently served as Chairman and CEO of Columbia Pipeline Group, Inc. His appointment is expected to enhance the board's expertise in areas critical to DTE Energy's operations. Mr. Skaggs has been deemed an independent director by the Board, adhering to New York Stock Exchange listing standards and the Company's own independence criteria. His compensation for this role will include 1,000 shares of restricted stock, vesting over three years, and participation in the standard compensation and benefit programs for non-employee directors, as previously detailed in the Company's 2017 Proxy Statement.

Key Highlights

  • 1DTE Energy elected Robert Skaggs to its Board of Directors.
  • 2Mr. Skaggs has extensive experience in the gas, storage, and pipeline industry, including previous CEO role at Columbia Pipeline Group.
  • 3The Board has determined Mr. Skaggs meets independence standards.
  • 4Mr. Skaggs's appointment is not based on any undisclosed arrangements or related-party transactions.
  • 5New director compensation includes 1,000 shares of restricted stock, vesting over three years.
  • 6Mr. Skaggs will participate in existing non-employee director compensation and benefit programs.
  • 7A press release detailing the appointment is attached as an exhibit.

Frequently Asked Questions

Robert Skaggs has been elected as a new director to DTE Energy's Board of Directors.

Mr. Skaggs has significant experience in the gas, storage, and pipeline sector, most recently serving as Chairman and Chief Executive Officer for Columbia Pipeline Group, Inc.

Mr. Skaggs will receive 1,000 shares of restricted stock that vest over three years, and will participate in the company's standard compensation and benefit programs for non-employee directors.

Yes, the Board of Directors has determined that Mr. Skaggs is an independent director under both New York Stock Exchange listing standards and the Company's own Categorical Standards for Director Independence.