TVA appoints Donald A. Moul as President and CEO, effective April 9, 2025

Tennessee Valley Authority

Moul succeeds retiring CEO Jeffrey J. Lyash; salary increases from $844,052 to $1,200,000.
Target annual incentive opportunity increased from 80% to 110% of salary.
LTIP target grants increased to $2.45M per performance cycle; retention grants $1.05M per period.
Board amended Executive Annual Incentive, Long-Term Incentive, and Executive Severance Plans for future CEOs.
Moul will stop accruing SERP benefits on Sept 30, 2025; vesting waived after 5 years actual service.

item 5.02

Executive movements

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Role change

Donald A. Moul

President and Chief Executive Officer

TVE · Tennessee Valley Authority

Effective: 2025-04-09
Filed: March 31, 2025, 7:59 PM ET

Donald A. Moul has been appointed as TVA’s new President and Chief Executive Officer, starting April 9, 2025.

Departed

Jeffrey J. Lyash

President and Chief Executive Officer

TVE · Tennessee Valley Authority

Successor: Donald A. Moul
Filed: March 31, 2025, 7:59 PM ET

He will succeed Jeffrey J. Lyash, who is retiring from his position with TVA and will continue to serve for up to 30 days to support the transition.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Donald A. Moul was appointed as President and Chief Executive Officer at Tennessee Valley Authority.

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

Donald A. Moul has been appointed as TVA’s new President and Chief Executive Officer, starting April 9, 2025.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Jeffrey J. Lyash departed as President and Chief Executive Officer at Tennessee Valley Authority.

Action: retiring
Role: President and Chief Executive Officer

Exact text from the filing

He will succeed Jeffrey J. Lyash, who is retiring from his position with TVA and will continue to serve for up to 30 days to support the transition.

View on SEC.gov

Tennessee Valley Authority filing history →

Source: SEC EDGAR

accession 0001376986-25-000020

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