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MGE Energy Inc (MGEE.OQ)

MGEE.OQ on NASDAQ Stock Exchange Global Select Market

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Summary

Name Age Since Current Position

Gary Wolter

62 2017 Chairman of the Board

Jeffrey Keebler

45 2017 President, Chief Executive Officer, Director

Jeffrey Newman

54 2015 Chief Financial Officer, Senior Vice President, Treasurer, Secretary

Craig Fenrick

57 2015 Senior Vice President - Energy Operations

Lynn Hobbie

58 2015 Senior Vice President- Energy Supply and Planning

Regina Millner

72 2010 Lead Independent Director

Thomas Stolper

68 2008 Director

Mark Bugher

68 2010 Independent Director

Londa Dewey

56 2008 Independent Director

F. Curtis Hastings

71 1999 Independent Director

John Nevin

73 1998 Independent Director

James Possin

65 2009 Independent Director

Biographies

Name Description

Gary Wolter

Mr. Gary J. Wolter is the Chairman of the Board of the Company., since March 1, 2017. He was Chairman, President and CEO of MGE Energy, Inc., and Madison Gas and Electric Company, of which he has been an officer since 1989 and an employee since 1984. Director Wolter is the only member of management on our board. Director Wolter is an attorney and has been involved in the public utility business for over 30 years.

Jeffrey Keebler

Mr. Jeffrey M. Keebler serves as President, Chief Executive Officer and Director of the Company., since March 1, 2017. Keebler started with MGE in 1995. He has a Bachelor of Science Degree in Finance and Economics from the University of Wisconsin-La Crosse and a Master of Business Administration from the University of Wisconsin-Whitewater. He has held various leadership positions at MGE in Energy Supply, Rates, Generation Planning, Information Technology, Customer Service and Human Resources. He is currently MGE's Senior Vice President - Energy Supply and Planning.

Jeffrey Newman

Mr. Jeffrey C. Newman is the Chief Financial Officer, Senior Vice President, Treasurer and Secretary of MGE Energy, Inc. He served as Vice President and Treasurer of the Company and its subsidiary, Madison Gas and Electric Company, which are positions he has held since January 1, 2001. He has 11 years of service as an officer.

Craig Fenrick

Mr. Craig A. Fenrick is the Senior Vice President - Energy Operations of MGE ENERGY, INC. He was Vice President - Energy Delivery. He is also responsible for Energy Production. Mr. Fenrick has been employed by MGE for approximately 33 years and has served as an Assistant Vice President since 2006 and a Vice President since 2012, where Mr. Fenrick has been responsible for Electric Transmission and Distribution and more recently Gas Operations.

Lynn Hobbie

Ms. Lynn K. Hobbie is the Senior Vice President- Energy Supply and Planning of MGE ENERGY, INC. previously served as Senior Vice President - Marketing and Communications of the company.

Regina Millner

Ms. Regina M. Millner is the Lead Independent Director of the Company. Ms. Millner retired as President of RMM Enterprises, Inc., a consulting firm which specialized in complex real estate projects and where she provided various legal, consulting, and brokerage services for private clients and governmental agencies. She is an attorney and has worked as an analyst and broker in commercial real estate for more than 36 years.

Thomas Stolper

Mr. Thomas R. Stolper serves as Director of the Company. He is Executive Vice President and a director of ProActive Solutions USA LLC, a manufacturer of cleaning and sanitizing products, for 14 years. He is a certified public accountant with over 40 years in public accounting. He was a partner in Clifton Gunderson LLP, certified public accountants and consultants, for 31 years. Director Stolper provided auditing, tax, financial services, and advice for a broad array of business entities. In addition, he was an elected member of the firm's national board for 12 years. Director Stolper has served on numerous community and civic boards for more than 30 years, including three terms as an elected public official. We believe Director Stolper's accounting, tax, and auditing education and experience, as well as his business experience, assist our board in the review of accounting and financial reporting matters and proposed strategic plans and initiatives. We also believe his business experience, combined with his public service commitment and experience, assist in the evaluation of our business risks and opportunities within our service area and the consideration of the needs of the community we serve.

Mark Bugher

Mr. Mark D. Bugher is an Independent Director of the Company. He is the retired Director of the University Research Park, University of Wisconsin-Madison, a position he held for 15 years. Prior to joining the Research Park, he served the State of Wisconsin as Secretary of Administration from 1996 to 1999 and as Secretary of Revenue from 1988 to 1996. Director Bugher serves on the board of First Business Financial Services, Inc., as a member of the corporate governance and chairs the compensation committee. Director Bugher chairs the Board of Marshfield Clinic Health System, a $2 billion multispecialty health care system. He is a recognized leader in the Madison business community and brings an understanding of the business environment and economy within our service area. As a result of his governmental service, Director Bugher has insights into public policies, priorities, and objectives that assist our board in evaluating longer-range trends that may affect the community we serve and our business. His experience at the University Research Park will assist with fiscal and strategic matters as well as with the evaluation of technology trends and developments that may affect the generation and distribution of electricity and the distribution of gas.

Londa Dewey

Ms. Londa J. Dewey is an Independent Director of the Company. Ms. Dewey is President of QTI Management Services, Inc., d/b/a The QTI Group, a human resources and staffing company, which she has held since 2007. Prior thereto, she was President of the Private Client Group and Market President at U.S. Bank where she was an employee from 1982 to 2007 and an Officer from 1985 to 2007. We believe Director Dewey's experience with financial analysis, investment management and risk assessment, and management in the banking industry provides our board with valuable input on the identification, evaluation, and assessment of financial and general business risks; the evaluation of strategies to address those risks; and the implementation of our business strategy. We also believe Director Dewey's experience with human resource matters and knowledge of the local labor market are valuable resources in assessing our Company's employment policies and practices. Director Dewey holds the following directorships: American Family Insurance; past Chair of the Board, Meriter Health Services, Inc., and Meriter Hospital; Chair and Board Member, Edgewood College; director, University of Wisconsin Family Business Advisory Board; past Chair of the Board, United Way of Dane County Board and Foundation Board; and Director, Wealth Management Company, Northwestern Mutual Life Insurance.

F. Curtis Hastings

Mr. F. Curtis Hastings is an Independent Director of the Company. He is the retired Chairman of J. H. Findorff & Son, Inc., a large commercial and industrial construction general contractor and design builder, with which he had been associated for more than 39 years. We believe Director Hastings' experience with the management and oversight of a large company brings an important perspective to our board in its oversight of our operations. His particular knowledge of the construction industry assists our board in its understanding and oversight of the various significant construction projects we have undertaken over the past several years with respect to power plant construction, wind farm construction, environmental control projects, and the general construction activities that constitute a recurring part of an electric and gas utility's operations. He is familiar with the management and control of large projects, cost control, and schedule management. Director Hastings is a director of National Guardian Life Insurance Co., a position he has held since 1981.

John Nevin

Mr. John R. Nevin is an Independent Director of the Company. He was Grainger Professor and Executive Director, Grainger Center for Supply Chain Management at the Wisconsin School of Business, University of Wisconsin-Madison, until June 2016, where he had been a faculty member for 46 years. We believe Director Nevin's business education background (B.S., M.S., and Ph.D. degrees in business) and his business analytical abilities (extensive economic damage analysis of financial statements while serving as an expert in litigation) assist our board in its consideration and analysis of our business strategy and proposed projects and its evaluation of plan implementation and operational results.

James Possin

Mr. James L. Possin is an Independent Director of the Company. He is a tax consultant with James L. Possin CPA, LLC. In 1976, Director Possin started working at Grant Thornton LLP, a registered public accounting firm. From 1990 to 2007, he was a partner where he advised on tax- and financial-related matters. Director Possin is a certified public accountant and holds degrees in accounting and law from the University of Wisconsin-Madison. Director Possin also serves on the Audit/Finance Committee of Oakwood Lutheran Homes Association, Inc. We believe Director Possin's background and current accounting and tax employment adds valuable accounting, tax, and financial reporting experience to our board. We believe his experience and familiarity with financial reporting principles and requirements will assist in our board's oversight of financial reporting and tax matters as well as the identification and management of financial risk exposures.

Basic Compensation

Name Fiscal Year Total

Gary Wolter

2,320,620

Jeffrey Keebler

662,583

Jeffrey Newman

914,318

Craig Fenrick

888,759

Lynn Hobbie

874,562

Regina Millner

126,445

Thomas Stolper

110,945

Mark Bugher

109,445

Londa Dewey

113,945

F. Curtis Hastings

113,945

John Nevin

122,395

James Possin

124,945
As Of  31 Dec 2016