TVA announces new leadership changes, separating roles of CEO and president

What This Story Is About The Tennessee Valley Authority’s board has named interim CEO Mike Skaggs to the job permanently. Skaggs selected Chief Financial Officer Tom Rice to serve as president. Why It Matters TVA is separating the roles of CEO and president, creating a new leadership structure for strategic decisions and day-to-day operations.

For Context Skaggs came out of retirement to serve as interim president and CEO in April 2026. He has more than 40 years of utility industry experience, including more than 25 years at TVA. TVA named interim CEO Mike Skaggs as permanent CEO and Skaggs selected CFO Tom Rice to serve as president.

KNOXVILLE, Tenn. (WVLT) - The Tennessee Valley Authority’s board has named interim CEO Mike Skaggs to the position permanently, and Skaggs has selected Chief Financial Officer Tom Rice to serve as president. The leadership changes will separate the roles of president and CEO, TVA announced Thursday.

Rice will remain CFO when he takes on his new role on Nov. 16. According to TVA, Skaggs came out of retirement to serve as interim president and CEO in April 2026.

Summary of the outlet's own feed. From WVLT (Knoxville), November 13, 2026.