TVA appoints Thomas C. Rice as CFO effective Jan 27, 2025

Tennessee Valley Authority

Thomas C. Rice named SVP and CFO; predecessor John M. Thomas III retiring March 7, 2025.
Rice's salary increases from $384,560 to $600,000; target annual incentive rises to 75% of salary.
Long-term performance target grant increases to 163.3% of salary; new grants for cycles through FY 2027.
Rice also receives long-term retention grants replacing existing grants, vesting over three-year periods.

item 5.02

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Thomas C. Rice

Senior Vice President and Chief Financial Officer

TVE · Tennessee Valley Authority

Effective: 2025-01-27
Filed: January 13, 2025, 6:59 PM ET

Thomas C. Rice has been appointed as TVA’s new Senior Vice President and Chief Financial Officer, effective January 27, 2025.

Departed

John M. Thomas III

Chief Financial Officer

TVE · Tennessee Valley Authority

Effective: 2025-03-07
Successor: Thomas C. Rice
Filed: January 13, 2025, 6:59 PM ET

John M. Thomas, III, who, on December 2, 2024, announced his retirement from his position with TVA effective March 7, 2025

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Thomas C. Rice was appointed as Senior Vice President and Chief Financial Officer at Tennessee Valley Authority.

Action: appointed
Role: Senior Vice President and Chief Financial Officer

Exact text from the filing

Thomas C. Rice has been appointed as TVA’s new Senior Vice President and Chief Financial Officer, effective January 27, 2025.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

John M. Thomas III retired as Chief Financial Officer at Tennessee Valley Authority.

Action: retired
Role: Chief Financial Officer

Exact text from the filing

John M. Thomas, III, who, on December 2, 2024, announced his retirement from his position with TVA effective March 7, 2025

View on SEC.gov

Tennessee Valley Authority filing history →

Source: SEC EDGAR

accession 0001376986-25-000004

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.