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TVA Makes Skaggs Permanent CEO and Splits Top Roles for First Time

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TVA Makes Skaggs Permanent CEO and Splits Top Roles for First Time

12 sourcesUpdated Nov 13, 20261 min read

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TVA Makes Skaggs Permanent CEO and Splits Top Roles for First Time — © IJR

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The Tennessee Valley Authority has appointed interim CEO Mike Skaggs to the permanent role and separated the CEO and president positions for the first time. Skaggs will focus on strategic leadership and major initiatives, while CFO Tom Rice will also serve as president, overseeing day-to-day operations and carrying out the board’s strategy; Rice is set to begin the role Nov. 16. TVA board leaders credited Skaggs with restoring stability and trust during his interim tenure. Skaggs brings decades of utility experience, including more than 25 years at TVA, while Rice has been the agency’s CFO since January 2025.

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