internal
James A. Burke
President and Chief Executive Officer
Executive
4 yr
5 reports
Vistra Corp. ·VST
Retail and generation presidents sit directly under CEO
Energy · Fortune #241 · Hybrid structure · 7K employees · Irving, Texas
View as of:
5
CEO span
↓ tighter than peers (avg 8)
5
Avg span
wide
2
Max depth
2 levels
3.6 yr
Avg tenure
stable vs FY2024
60%
Internal hires
↑ above industry avg
Consolidated financials FY2025 · period end 2025-12-31 · 10-K
Revenue
$17.6B
Operating income
$1.9B
Net income
$944M
Total assets
$41.5B
Shares out
337M
Sourced from Vistra Corp. DEF 14A · filed 2026-03-18 ↗ View on SEC
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Vistra Corp. organizational chart
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Retail and generation presidents sit directly under the CEO. This page maps Vistra’s enterprise leadership structure, highlighting CEO direct reports, executive tenure, compensation, and how the company compares with energy peers.
What to model
Use the chart to test org decisions, not just view reporting lines
Start with the public baseline, then use the scenario views and source-backed changes to ask what happens when leadership, span, or team ownership shifts.
Latest signal Carrie Lee Kirby joined as Chief Administrative Officer
Appointed EVP & CAO in 2022; role continued through 2025 (Company Proxy, Mar 2026).
Source · See change logScenario views in the chart
- Add Chief Operating Officer Introduce a COO to consolidate operational oversight of generation and retail, reducing CEO span.
Atlas work this supports
- Connect Workday or UKG Get these analytics for YOUR org — tenure, span of control, headcount, automatically from your HRIS.
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The people
Who's running this
6 executives identified as Named Executive Officers in the most recent SEC proxy. Bar length scales with tenure.
internal
Kristopher E. Moldovan
Executive Vice President and Chief Financial Officer
Finance
3 yr
0 reports
Stacey Dor
Chief Strategy and Sustainability Officer & EVP Public Affairs
Strategy & Sustainability
3 yr
0 reports
Scott A. Hudson
Executive Vice President and President, Vistra Retail
Retail
5 yr
0 reports
internal
Stephanie Zapata Moore
Executive Vice President, General Counsel and Chief Compliance Officer
Legal & Compliance
4 yr
0 reports
Carrie Lee Kirby
Executive Vice President and Chief Administrative Officer
Administration
3 yr
0 reports
The pay
Executive compensation
From the most recent DEF 14A Summary Compensation Table. 1 named executive officers disclosed. Bar length scales with total compensation.
James A. Burke $16.0M
- Base salary
- $1.39M
- Stock awards
- $11.43M
- Non-equity incentive
- $2.97M
- Other
- $198K
- Fiscal year
- FY2025
- Source
- SEC DEF 14A ↗
The businesses
How Vistra Corp. divides the work
3 divisions report into the group CEO. Tile size scales with estimated headcount.
Retail Electricity
2K employees
EVP & President, Vistra Retail (Scott A. Hudson)
Provides retail electricity services across competitive U.S. markets.
Power Generation
3K employees
CEO (James A. Burke)
Operates Vistra’s natural gas, nuclear, coal, solar, and storage assets.
Finance
500 employees
EVP & CFO (Kristopher E. Moldovan)
Oversees capital structure, treasury, FP&A, and investor relations.
The thesis
Why this org is unusual
Vistra’s most distinctive structural feature is that both its retail business and its power generation strategy are represented at the CEO level rather than being consolidated under a COO.
The CEO directly oversees finance, strategy/sustainability, retail operations, legal/compliance, and administration, reflecting an enterprise model that balances regulated generation assets with competitive retail operations.
This structure emphasizes capital allocation, risk management, and sustainability oversight at the top, consistent with Vistra’s heavy exposure to commodity markets and large-scale M&A. The absence of a COO places operational accountability directly with business presidents and functional EVPs, increasing CEO span but reducing layers.
- No COO role
- Retail and strategy report directly to CEO
The comparison
How Vistra Corp. stacks up
Compared with peers such as NRG and Constellation Energy, Vistra maintains a similarly enterprise-oriented structure but with fewer layers and no COO role. Utilities like Duke Energy and Exelon tend to employ deeper hierarchies with stronger separation between regulated utilities and generation. Vistra’s flatter …
C-suite size
Reporting depth
Avg C-suite tenure
Has COO / Has CAIO
Vistra Corp. — no COO — no CAIO
Current signals
What changed recently
The most significant recent change was the exit of the Wholesale Operations president as Vistra streamlined its enterprise structure.
- Date not confirmed newCarrie Lee Kirby Chief Administrative Officer
Appointed EVP & CAO in 2022; role continued through 2025 (Company Proxy, Mar 2026).
Source - Date not confirmed departedStephen J. Muscato Former EVP & President Wholesale Operations
Exited executive team during 2024 following reorganization (DEF 14A, Mar 2025).
Source
Leadership Timeline
Year-over-year executive structure based on SEC proxy and annual filings.
FY2025
DEF 14A filed 2026-03-18
- CEO
- James A. Burke
- CEO span
- 5
- C-suite
- 5
- Avg tenure
- 3.6 yr
Enterprise structure without a COO remained intact.
Named executive officers (5)
- James A. Burke - CEO since 2022
- Kristopher E. Moldovan - CFO since 2022
- Stacey Dor - Chief Strategy & Sustainability Officer since 2022
- Scott A. Hudson - President, Vistra Retail since 2019
- Stephanie Zapata Moore - General Counsel since 2021
FY2024
DEF 14A filed 2025-03-19
- CEO
- James A. Burke
- CEO span
- 6
- C-suite
- 6
- Avg tenure
- 3.4 yr
Wholesale Operations still represented at C-suite level.
Named executive officers (5)
- James A. Burke - CEO since 2022
- Kristopher E. Moldovan - CFO since 2022
- Stacey Dor - Chief Strategy & Sustainability Officer since 2022
- Scott A. Hudson - President, Vistra Retail since 2019
- Stephen J. Muscato - President Wholesale Operations since 2020
Year-over-year changes
Vistra reduced its C-suite by removing the Wholesale Operations role and consolidating oversight.
- CEO span: 6 → 5
- C-suite size: 6 → 5
- Avg tenure: 3.4 → 3.6 yr
- departed Stephen J. Muscato - President Wholesale Operations (was EVP & President Wholesale Operations) (DEF 14A, Mar 2026)
The board
Board of directors
1 directors. 1 of 1 independent (100%). Source: most recent DEF 14A.
Scott B. Helm
Chair Independent
Private Investor
Frequently Asked Questions
Who is the CEO of Vistra?
James A. Burke has served as President and CEO since 2022.
What type of organizational structure does Vistra use?
Vistra uses a hybrid enterprise structure combining retail and generation leadership at the CEO level.
How many direct reports does Vistra's CEO have?
The CEO has five direct executive reports.
How has Vistra's leadership changed recently?
Vistra exited its Wholesale Operations president role in 2024 and consolidated oversight at the enterprise level.
Does Vistra have a COO?
No. Vistra operates without a Chief Operating Officer, with major functions reporting directly to the CEO.
Sources
- DEF 14A, Mar 2026
- DEF 14A, Mar 2025
- SEC EDGAR: Vistra Corp. DEF 14A Proxy Statement
- SEC EDGAR: Vistra Corp. 10-K Annual Report
Reference
Cite this page
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APA 7th
Creately. (2026). Vistra Corp. organizational structure. Creately. Retrieved , from https://creately.com/org-chart/fortune-500/vistra/MLA 9th
"Vistra Corp. Organizational Structure." Creately, April 1, 2026, https://creately.com/org-chart/fortune-500/vistra/. Accessed .Chicago 17
Creately. "Vistra Corp. Organizational Structure." Last modified April 1, 2026. https://creately.com/org-chart/fortune-500/vistra/.Original SEC source View on SEC ↗
Vistra Corp.. DEF 14A. Filed 2026-03-18. U.S. Securities and Exchange Commission. https://www.sec.gov/Archives/edgar/data/1692819/000162828026019029/vistra-20260318.htmPermanent URL: https://creately.com/org-chart/fortune-500/vistra/ · last updated 2026-04-01