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DTE Energy (NYSE:DTE) filed a Form 8-K disclosing a C-suite realignment effective September 8, 2025.
The Board elected Joi M. Harris (55) as President & Chief Executive Officer and added her to the Board. Harris has been President & Chief Operating Officer since 2023 and has held leadership roles at DTE since 1991, suggesting deep institutional knowledge and operational continuity.
Current Chairman & CEO Gerardo Norcia will become Executive Chairman, remaining a full-time employee and director. Compensation will adjust accordingly: Harris’ base salary rises to $1.2 million, with AIP target at 125% and LTIP target at 500%. She will also receive a $1 million restricted-stock grant that cliff-vests in three years.
Norcia’s base salary will decrease in stages to $900k on Sept 8 2025 and $750k on Jan 1 2027; his incentive targets will similarly decline. David Ruud moves from EVP & CFO to Vice Chairman & CFO; his base salary increases to $800k with higher AIP (100%) and LTIP (300%) targets plus a $1 million three-year cliff-vesting stock grant.
No other material contracts, financial results, or legal matters were reported. Exhibit 99.1 contains the related press release.