Company: TVC
Filing Date: 2025-11-13
Form Type: 10-K
Source: 0001376986-25-000056
Chunk: 494

Company: Tennessee Valley Authority
Filing Date: 2025-11-13
Form: 10-K
Item: Item 7
Chunk 494
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 TVA's executive compensation program and the 2025 compensation awarded to TVA's CEO and CFO, TVA's retired CEO and CFSO, the three other most highly compensated employees serving as executive officers at the end of 2025, and the two most highly compensated employees who served as executive officers during 2025 but were not serving as executive officers at the end of 2025.  Collectively, these officers are TVA's 2025 Named Executive Officers ("NEOs"):

NEOTitleEmploymentDatePosition DateDonald A. Moul(1)President and Chief Executive Officer20212025Jeffrey J. Lyash(2)Retired President and Chief Executive Officer20192019Thomas C. Rice(3)Executive Vice President and Chief Financial Officer20022025John M. Thomas, III(4)Retired Executive Vice President and Chief Financial and Strategy Officer20052010Matthew M. Rasmussen Senior Vice President and Chief Nuclear Officer20022025Rebecca C. Tolene Executive Vice President and General Counsel20022025Jeremy P. Fisher Executive Vice President and Chief Business Officer20002025Timothy S. Rausch(5)Retiring Executive Vice President and Chief Nuclear Officer20182020David B. Fountain(6)Former Executive Vice President and General Counsel20202021

Notes

(1)  Mr. Moul was named President and Chief Executive Officer effective April 9, 2025.

(2)  On January 29, 2025, Mr. Lyash gave notice to the TVA Board of his intent to retire.  The TVA Board conducted a search for a new CEO, and Mr. Moul was selected effective April 9, 2025.  Mr. Lyash assisted with the CEO transition and retired effective May 1, 2025.

(3)  Mr. Rice was named Senior Vice President and Chief Financial Officer effective January 27, 2025, and his title changed to Executive Vice President and Chief Financial Officer effective July 28, 2025.

(4)  Mr. Thomas was named Executive Vice President and Chief Financial and Strategy Officer ("CFSO") in June 2021 and held the Chief Financial Officer position since June 2010.  He retired on March 8, 2025. 

(5)  Mr. Rausch was named Executive Vice President and Chief Nuclear Officer in October 2018.  On July 14, 2025, Mr.