During the Dominion Energy-SCANA merger process, the company committed to appoint a member of SCANA's board or executive team to Dominion Energy's board of directors. Both previously served on SCANA's board of directors.
The company also announced the resignation from the board of William P. Barr, effective 12 February 2019. Barr was nominated by President Donald Trump in December to be US Attorney General, and he was confirmed today. Barr joined Dominion Energy's board in 2009 and chaired the Compensation, Governance and Nominating Committee at the time of his resignation.
Thomas F. Farrell, II, chairman, President and CEO, said: "These two distinguished South Carolinians are business and banking leaders in the Palmetto State and bring to our board insights into the state and its energy needs, and hands-on familiarity with our operations there. They are terrific additions to our board, and we look forward to working with them to better serve our customers and be excellent stewards of our investors' money.
"The company will also miss Bill Barr. He served on our board with distinction and always provided wise and pragmatic counsel. We wish him well as our nation's 85th Attorney General."
Bennett has been South Carolina Mid-South Area executive for First-Citizens Bank & Trust in Columbia, S.C., since January 2015. He joined the bank in 1994 and, prior to his most recent promotion, was executive vice president, director of Public Affairs and chief diversity officer for 12 years.
Bennett served on the board of SCANA from 1997 until SCANA's merger with Dominion Energy. At the time of the merger, he served as chair of the Compensation Committee and as a member of the Audit and Executive Committees. He has been actively involved with the Columbia Urban League for more than 25 years, having previously served as League chairman, and is the former chairman of the board of Claflin University. Bennett currently serves as the vice chair of the South Carolina Bankers Association and is a member of the board of directors of Prisma Health.
Hagood has been CEO of Charleston, S.C.-based Southern Diversified Distributors, Inc., since 2003, and has been chairman since 2012. He has also been chief executive officer of Southern Diversified subsidiary William M. Bird and Company, Inc., since 1993, having previously served as its president until June 2009. He sat on SCANA's board from 1999 until SCANA's merger with Dominion Energy. In 2018, he served as chairman of the board, having previously served as the board's lead director and chair of the Audit Committee. Hagood has served as a board member and chair of a variety of businesses and civic and charitable organisations during the past 25 years.
The additions of Bennett and Hagood, and the resignation of Barr, will bring the board's membership to 13.
Read the article online at: https://www.worldpipelines.com/business-news/18022019/dominion-energy-adds-two-directors/