Gary Sypolt to retire from Dominion
Dominion announced Monday that Gary L. Sypolt will retire as executive vice president of the company and CEO of its Dominion Energy business unit on Sept. 1 after a 38-year career.
Sypolt is a leader in the natural gas industry, where he has served as an officer or board member for many industry organizations.
“Gary has contributed greatly to the success of our company and the natural gas industry,” Dominion Chairman, President and CEO Thomas F. Farrell II said in a statement. “He has skillfully led our natural gas transmission, distribution and storage business into a period of significant investment and growth that positions it for even greater success in the future. “
Sypolt joined what is now Dominion Transmission, the company’s interstate natural gas transmission and storage business, in 1975 after receiving a bachelor’s degree in electrical engineering from West Virginia University. He has held numerous management and executive positions at the company. He also is first vice chairman of the Interstate Natural Gas Association of America (INGAA) and chairman of INGAA’s Natural Gas/Electric Reliability Board Task Force, created to address questions related to the anticipated future growth in natural gas-fired electric generation.
In another executive change effective July 1, Charles D. “Doug” Holley will retire as vice president, fossil and hydro system operations of the Dominion Generation business unit after 38 years of service. Edward H. Baine, who currently is vice president, fossil and hydro merchant operations, will succeed him.
Effective Jan. 1, 2014, these changes will occur:
• Thomas R. Bean will retire as vice president, financial management of Dominion Generation, after 35 years of service.
• Joseph G. O’Hare will retire as vice president, financial management of the Dominion Virginia Power business unit, after 34 years of service.
• Simon C. Hodges, vice president, financial management of Dominion Energy, will become vice president, financial management of the Energy Infrastructure Group, combining his current responsibilities with those of O’Hare. Hodges will report to Paul D. Koonce, CEO of the Energy Infrastructure Group, the Dominion business group that includes the Dominion Virginia Power and Dominion Energy business units.
• Christine M. Schwab, vice president and chief compliance and risk officer, will leave the company after 18 years of service with plans to start a risk advisory practice.
• Carter M. Reid, a senior vice president, administrative services and corporate secretary, will assume the responsibility of chief compliance officer on July 1.
• Mark O. Webb, vice president and general counsel, will assume the responsibility of chief risk officer on Jan. 1.