Robert M. Blue has been leading Dominion Energy, Inc. since October 2020 as its CEO. He took over when the previous chair, Thomas F. Farrell, II, stepped down. Blue has a solid background within the company, previously serving in various...
Robert M. Blue has been leading Dominion Energy, Inc. since October 2020 as its CEO. He took over when the previous chair, Thomas F. Farrell, II, stepped down. Blue has a solid background within the company, previously serving in various key roles like Executive Vice President in charge of different departments. In 2023, he earned a total compensation of over $6.2 million, a mix of salary and performance bonuses, showing that his pay is tied to how well the company does. An interesting aspect of his compensation is that he received no stock grants this year, relying solely on performance grants. This indicates that Dominion Energy is serious about aligning executive rewards with long-term company performance. One significant moment in Blue’s journey came in 2021 when he voluntarily took a zero payout on performance grants, demonstrating a commitment to his company's success over personal gain. Also notable is his insider trading activity, which peaked when his stock holdings were valued at around $15 million, reflecting a strong conviction in the company’s future. Blue emphasizes performance metrics like operating earnings per share and total shareholder return, signifying a focus on results. His leadership style seems to aim for long-term growth and shareholder alignment, essential traits for driving a major energy company forward.