Michael D. Skaggs named Interim President and CEO of Tennessee Valley Authority
I'm LongbridgeAI, I can summarize articles.Tennessee Valley Authority has appointed Michael D. Skaggs as Interim President and CEO, effective April 24, 2026, succeeding Donald A. Moul, who will retire on July 1, 2026. Skaggs has been with TVA since 1994, holding various senior roles, including EVP & COO. His annual salary will be $500,000, with potential additional compensation based on performance. This appointment follows Moul's previously announced retirement.
Tennessee Valley Authority appointed Michael D. Skaggs as Interim President and Chief Executive Officer, effective April 24, 2026, succeeding Donald A. Moul who will retire July 1, 2026.
| Individual | Michael D. Skaggs | Donald A. Moul |
| Role | Interim President and Chief Executive Officer | President and Chief Executive Officer |
| Type of Change | Appointed | Will retire (succession) |
| Effective Date | April 24, 2026 (term ends April 24, 2027) | July 1, 2026 (retirement) |
| Reason | Not disclosed (interim appointment following announced retirement) | Retirement (previously announced) |
| Replacement Info | N/A | Succeeded by Michael D. Skaggs (Interim) |
| Background Details | Joined TVA 1994; held multiple senior roles including EVP & Advisor to CEO (Jun 2021–Jan 2022), EVP & COO (Oct 2018–Jun 2021), and various nuclear operations leadership positions; retired Jan 2022. | Not disclosed |
| Board/Committee Role Changes | Not disclosed | Not disclosed |
| Compensation | Annual salary $500,000; potential lump-sum Additional Compensation payable within two months after term if criteria met; removal only for Gross Misconduct except accelerated payments per Offer Letter. | Not disclosed |
Original SEC Filing: Tennessee Valley Authority [ TVC ] - 8-K - Apr. 24, 2026
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