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- Departure of CEO (new) — The CEO departed the company under a separation agreement with severance benefits.
TVA CEO Donald Moul departs under separation agreement, no successor named
Filed April 13, 2026 · Period ending April 7, 2026 · ~1 min read
Key Changes
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President and CEO Donald A. Moul separated from TVA on April 7, 2026, under a separation agreement providing severance and retirement benefits consistent with existing executive plans. No reason for departure disclosed.
Item 5.02 verify on EDGAR → -
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No successor CEO has been announced, creating leadership uncertainty at the federally-owned utility serving 10 million people across seven states.
8-K: Leadership Change view on EDGAR →
Summary
Tennessee Valley Authority's President and CEO Donald A. Moul left the company on April 7, 2026, under a separation agreement. The filing provides no explanation for the departure and does not name an interim or permanent successor, leaving the nation's largest public power provider without announced leadership. Moul will receive severance and retirement benefits matching TVA's standard executive compensation plans.
For bondholders and ratepayers, leadership transitions at TVA matter because the utility manages critical infrastructure serving 10 million people and maintains an undisclosed amount in outstanding debt. An unexplained CEO departure without a succession plan raises questions about board oversight and strategic direction.
Watch for TVA's next filing or press release announcing interim leadership and a CEO search process. The circumstances of Moul's departure and the board's timeline for naming a replacement will signal whether this represents routine turnover or deeper governance issues.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 3, 2026 · How we verify