Dominion Energy executive to step down after 20 years with company
Dominion Energy executive Paul Koonce announced that he would retire after 20 years with the company.
Koonce, who is president and CEO- of the Power Generation Group at Dominion, will retire on Feb. 1, 2020. Koonce has been with Richmond, Va.-based Dominion Energy for 20 years and has spent 38 years in the energy industry.
“Paul Koonce has been a leader in the energy industry, in his community and at our company. We have turned to Paul for trusted leadership in a variety of areas since he joined the company two decades ago. Although he had always skillfully navigated the natural gas world, particularly in his stint at Consolidated Natural Gas and in his time leading our gas businesses, Paul has been equally adept on the electric side, overseeing safe, reliable and cost-effective electric operations throughout the past 10 years. Paul has been a tremendous asset to Dominion Energy, and he will be missed by all,” Thomas Farrell, chairman, president and chief executive officer at Dominion, said.
Koonce started at Dominion Energy in 1999 and over the past 20 years, he has led three of the company’s operating segments. In 2004, he became CEO of the operating unit and then in 2009, he moved over to lead the Power Delivery Group. In 2016 he became president and CEO of the Power Generation Group. Among his accomplishments, Koonce oversaw the storage expansion project at Cove Point, where several high-voltage transmission lines were built. Also, the spearheaded the effort to build out the company’s solar generation, which has tripled in the past three years.
He also served as vice chair of the Nuclear Energy Institute. Additionally, Koonce was past chair of both the Interstate Natural Gas Association of America and the Southern Gas Association. Also, Koonce serves on the board of visitors of Virginia State University, a historically black university near Richmond, and is a past chairman of the Virginia Chamber’s Blueprint Virginia plan to improve the state’s economy.
“I have gratitude and admiration for Tom, the board of directors and my colleagues,” Koonce said. “I look forward to a very active next chapter and hope to remain engaged in some way with this essential industry.”
Dominion Energy provides energy to 7.5 million customers in 18 states.
