CEO John C. Lee Jr. resigns; Christopher F. Cosby appointed successor effective Feb 1, 2025

OLD DOMINION ELECTRIC COOPERATIVE

John C. Lee Jr. resigns as President and CEO effective February 1, 2025; will serve as senior advisor through December 31, 2025.
Board appoints Christopher F. Cosby as President and CEO, effective February 1, 2025; Cosby currently COO and joined ODEC in 2018.
Amendment to consulting agreement provides Lee monthly compensation of $125,000, expense reimbursement, and $1,500 automobile allowance.
Lee's transition to senior advisor confirmed; agreement allows remote work except for required in-person meetings.

item 5.02 item 9.01

Executive movements

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Departed

John C. Lee, Jr.

President and Chief Executive Officer

OLD DOMINION ELECTRIC COOPERATIVE

Effective: 2025-02-01
Successor: Christopher F. Cosby
Filed: November 18, 2024, 6:59 PM ET

On November 12, 2024, John C. Lee, Jr. gave notice of his resignation as President and Chief Executive Officer ("CEO") of Old Dominion Electric Cooperative ("ODEC"), effective February 1, 2025.

Appointed

Christopher F. Cosby

President and Chief Executive Officer

OLD DOMINION ELECTRIC COOPERATIVE

Effective: 2025-02-01
Filed: November 18, 2024, 6:59 PM ET

On November 12, 2024, our board of directors appointed Christopher F. Cosby as President and CEO of ODEC, effective February 1, 2025.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

John C. Lee, Jr. resigned as President and Chief Executive Officer at OLD DOMINION ELECTRIC COOPERATIVE.

Action: resigned
Role: President and Chief Executive Officer

Exact text from the filing

On November 12, 2024, John C. Lee, Jr. gave notice of his resignation as President and Chief Executive Officer ("CEO") of Old Dominion Electric Cooperative ("ODEC"), effective February 1, 2025.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Christopher F. Cosby was appointed as President and Chief Executive Officer at OLD DOMINION ELECTRIC COOPERATIVE.

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

On November 12, 2024, our board of directors appointed Christopher F. Cosby as President and CEO of ODEC, effective February 1, 2025.

View on SEC.gov

Source: SEC EDGAR

accession 0000950170-24-127770

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