Paul D. Koonce served as the CEO of Dominion Energy from January to December 2019. He stepped down to become a strategic advisor for the company until early 2020. Under his leadership, Dominion Energy made significant strides in performance, with...
Paul D. Koonce served as the CEO of Dominion Energy from January to December 2019. He stepped down to become a strategic advisor for the company until early 2020. Under his leadership, Dominion Energy made significant strides in performance, with the 2019 Annual Incentive Plan funded at 110%, thanks to surpassing expected earnings. This performance-oriented approach led to a total annual compensation of around $1.63 million, primarily from a salary of $855,000 and a bonus of $781,470, indicative of his results-driven philosophy. Koonce also made substantial personal investments in Dominion Energy holdings, reaching a peak value of approximately $15.44 million in early 2020, but he has since seen some fluctuation in his wealth tied to these stocks. Interestingly, Koonce is a key figure in the energy sector, directly contributing to the growth and safety records that Dominion has achieved, including a record low for workplace incidents during his tenure. Though he has since moved on, Koonce's impact and focus on performance metrics remain a strong part of his legacy at Dominion.