RICHMOND, Va. - Dominion (NYSE: D) announced
today the addition of two new officers and a change in responsibilities for
two others.
Thomas R. Bean has been named vice president
of financial management at Dominion's services company, and Thomas P. Wohlfarth
has been named vice president of financial management for Dominion Energy. Previously,
Bean had been managing director of financial and business services at Dominion
Energy, and Wohlfarth had been Dominion's director of investor relations.
Fred G. Wood III, previously senior vice president
of financial management at Dominion Exploration & Production in Houston,
has been named senior vice president of financial management for Dominion Generation
in Richmond. Dennis G. Millet, previously vice president of marketing and financial
management at Dominion Exploration & Production, has been named vice president
of financial management and has assumed Wood's previous responsibilities.
Thos. E. Capps, chairman and chief executive
officer, said:
"These changes and additions to Dominion's
officer corps reflect each individual's dedication, professional achievement
and substantial contributions to the ongoing success of our enterprise. The
moves strengthen an already broad and deep bench among our senior management
team at each of Dominion's business units."
Bean received his undergraduate degree from the
University of Virginia and a master's of business administration from George
Washington University. He joined the company in 1978.
Wohlfarth received his undergraduate degree from
Washington and Lee University and is a certified public accountant. He joined
the company in 1985.
Wood received his undergraduate degree from the
College of William and Mary and a master's degree in economics from Virginia
Commonwealth University. He joined the company in 1985.
Millet received his undergraduate degree from
the University of New Orleans and joined the company in 1978.
The changes were effective Jan. 1.
Dominion also has separated two operating functions
overseen by its Dominion Energy operating unit. Under the new organizational
structure, the former Dominion Energy operating unit is divided into two separate
business segments—Dominion Generation and Dominion Energy. Dominion Generation
will manage the company's portfolio of more than 24,000 megawatts of generation.
Dominion Energy will manage the company's electric transmission, marketing and
natural gas pipeline and storage businesses. This change was also effective
Jan. 1.
"We're seeking to place our top talent and
energy in positions where they can maximize their contribution to shareholder
value. As a matter of ongoing policy, we also seek to streamline our organizational
structure. The personnel and organizational changes announced today advance
these goals," Capps said.
Dominion, headquartered in Richmond, Va., is
one of the nation's largest producers of energy.
