Management ChangeApr 24, 2026, 05:27 PM
TVA Appoints Michael Skaggs as Interim President & CEO
AI Summary
Tennessee Valley Authority (TVA) announced the appointment of Michael D. Skaggs as its new Interim President and Chief Executive Officer, effective April 24, 2026, until April 24, 2027. Mr. Skaggs, who previously retired from TVA in January 2022 after a long career, succeeds Donald A. Moul, who is set to retire on July 1, 2026. His annual salary will be $500,000, with potential for additional performance-based compensation.
Key Highlights
- Michael D. Skaggs appointed Interim President and CEO.
- Term from April 24, 2026, to April 24, 2027.
- Succeeds Donald A. Moul, who retires July 1, 2026.
- Annual salary set at $500,000.
- Skaggs previously served TVA from 1994 until Jan 2022.