Dominion Virginia Power, a unit of Dominion, which is engaged in the generation of power and distribution of natural gas, has announced that executive vice president and CEO Jay Johnson will retire from the company, effective June 1, 2008.
Mr Johnson is joining General Dynamics as vice chairman. He will become that company’s CEO on July 1, 2009. Mr Johnson has been a member of the General Dynamics board of directors since 2003.
Mr Johnson was elected to his current position at Dominion in October 2007. Prior to that, he served as president and CEO of Dominion Delivery and senior vice president of business excellence.
Thomas Farrell, chairman, president and CEO of Dominion, said: Jay has been a significant contributor to the Dominion success story. We will miss his insights, but he will bring invaluable skills as a strategist and leader to his new role at General Dynamics.