leadership
confidence high
sentiment neutral
materiality 0.75
DTE Energy CEO succession: Joi Harris named CEO effective Sept 8; Norcia becomes Exec Chairman
DTE ENERGY CO
- Joi Harris, current President & COO, elected President & CEO and to Board effective Sept. 8, 2025.
- Gerardo Norcia named Executive Chairman; base salary reduced to $900K (Sept 2025) then $750K (Jan 2027).
- David Ruud named Vice Chairman & CFO; base salary increased to $800K, AIP target 100%, LTIP 300%.
- Harris receives $1.2M base salary, 125% AIP, 500% LTIP target, plus $1M restricted shares cliff vesting 3 years.
- Succession follows multi-year plan; Harris 34-year DTE veteran, key architect of 70% electric reliability improvement in 2024.
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