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Xcel Energy Inc (XEL.OQ)

XEL.OQ on NASDAQ Stock Exchange Global Select Market

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20 Sep 2018
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Summary

Name Age Since Current Position

Benjamin Fowke

59 2011 Chairman of the Board, President, Chief Executive Officer

Robert Frenzel

47 2016 Chief Financial Officer, Executive Vice President

Christopher Clark

51 2015 President and Director, NSP-Minnesota

David Hudson

57 2015 President and Director, SPS

Mark Stoering

57 2015 President and Director of NSP-Wisconsin

Scott Wilensky

61 2015 Executive Vice President, General Counsel

Brett Carter

2018 Executive Vice President, Chief Customer and Innovation Officer

David Eves

59 2018 Executive Vice President and Group President – Utilities

Kent Larson

58 2015 Executive Vice President, Group President Operations

Jeffrey Savage

46 2015 Senior Vice President, Controller

Judith Poferl

58 2015 Senior Vice President, Corporate Secretary and Executive Services

Timothy O'Connor

58 2013 Senior Vice President and Chief Nuclear Officer of Xcel Energy Services Inc.

Christopher Policinski

59 2016 Lead Independent Director

Richard Davis

60 2016 Independent Director

Richard O'Brien

64 2012 Independent Director

David Owens

69 2017 Independent Director

James Prokopanko

64 2015 Independent Director

A. Patricia Sampson

69 1985 Independent Director

James Sheppard

69 2011 Independent Director

David Westerlund

67 2007 Independent Director

Kim Williams

62 2009 Independent Director

Timothy Wolf

64 2007 Independent Director

Daniel Yohannes

65 2017 Independent Director

Paul Johnson

Vice President - Investor Relations

Biographies

Name Description

Benjamin Fowke

Mr. Benjamin G. S. Fowke, III, is an Chairman of the Board, President, Chief Executive Officer of Xcel Energy Inc. Before assuming his current responsibilities, he held a variety of executive positions at the Company, including President and Chief Operating Officer (August 2009 to August 2011), Executive Vice President (December 2008 to August 2009), Vice President (November 2002 to December 2008), CFO (October 2003 to August 2009), Treasurer (October 2003 to May 2004) and Vice President and CFO of Energy Markets (August 2000 to November 2002), where he was responsible for the financial operations of the Company’s commodities trading and marketing business unit. Prior to the 2000 merger of Northern States Power Co. and New Century Energies to form Xcel Energy Inc., he was a Vice President in the NCE Retail business unit. Mr. Fowke served ten years with NextEra Energy Inc., where he held various management positions. Mr. Fowke currently serves on the boards of a number of industry groups, including Energy Insurance Mutual, Nuclear Energy Institute, Electric Power Research Institute, Edison Electric Institute, and the Institute of Nuclear Power Operations. Mr. Fowke also serves on a number of educational and nonprofit boards in the communities that we serve.

Robert Frenzel

Mr. Robert C. (Bob) Frenzel is an Chief Financial Officer, Executive Vice President of the Company. Previously, Senior Vice President and Chief Financial Officer, Luminant, a subsidiary of Energy Future Holdings Corp., an electric utility and power generation company, February 2012 to April 2016; Senior Vice President for Corporate Development, Strategy and Mergers and Acquisitions, Energy Future Holdings Corp., February 2009 to February 2012. In April 2014, Energy Future Holdings Corp., the majority of its subsidiaries, including Texas Competitive Energy Holdings (TCEH) the parent company of Luminant, filed a voluntary bankruptcy petition under Chapter 11 of the United States Bankruptcy Code. TCEH emerged from Chapter 11 in October 2016.

Christopher Clark

Mr. Christopher B. Clark is an President and Director, NSP-Minnesota a subsidiary of Xcel Energy Inc. Previously, Regional Vice President, Rates and Regulatory Affairs, NSP-Minnesota, October 2012 to December 2014; Managing Director, Government and Regulatory Affairs, NSP-Minnesota, January 2012 to October 2012; Managing Attorney, Xcel Energy Inc., November 2007 to January 2012.

David Hudson

Mr. David T. Hudson is an President and Director of SPS a service of Xcel Energy Inc. Previously, President, Director and Chief Executive Officer, SPS, January 2014 to December 2014; Director, Community Service & Economic Development, SPS, April 2011 to January 2014; Director, Strategic Planning, SPS, May 2008 to April 2011.

Mark Stoering

Mr. Mark E. Stoering is an President, and Director of NSP-Wisconsin, a subsidiary Company of Xcel Energy Inc. Previously, President, Director and Chief Executive Officer, NSP-Wisconsin, January 2012 to December 2014; Vice President, Portfolio Strategy and Business Development, Xcel Energy Services Inc., August 2000 to December 2011.

Scott Wilensky

Mr. Scott M. Wilensky is an Executive Vice President, General Counsel of Xcel Energy Inc. Previously, Senior Vice President, General Counsel, Xcel Energy Inc., September 2011 to December 2014; Vice President, Regulatory and Resource Planning, Xcel Energy Services Inc., September 2009 to September 2011.

Brett Carter

Mr. Brett Carter is Executive Vice President, Chief Customer and Innovation Officer of the Company. Carter most recently held senior leadership roles with Bank of America where he oversaw key business areas of operations, technology and shared services. He previously held leadership roles in operations, marketing, and technology at several major utilities, including Duke Energy, UtiliCorp/Aquila, and Dominion. Carter will oversee the key areas of marketing, customer service, information technology, and communications.

David Eves

Mr. David L. Eves is Executive Vice President and Group President – Utilities of the Company effective on March 1. 2018 . Eves has been president of Xcel Energy – Colorado since 2009. He previously served as president and CEO of Xcel Energy – Texas and New Mexico. He also served as vice president of Resource Planning and Acquisition for Xcel Energy with responsibilities including: long-term resource planning, wholesale power supply, transmission rights and gas transportation. Eves received a Bachelor of Science degree in mechanical engineering from Kansas State University in 1981.

Kent Larson

Mr. Kent T. Larson is Executive Vice President and Group President Operations of the Company. Previously, Senior Vice President, Group President Operations, Xcel Energy Services Inc., August 2014 to December 2014; Senior Vice President Operations, Xcel Energy Services Inc., September 2011 to August 2014; Chief Energy Supply Officer, Xcel Energy Services Inc., March 2010 to September 2011.

Jeffrey Savage

Mr. Jeffrey S. Savage is an Senior Vice President, Controller of Xcel Energy Inc. Previously, Vice President, Controller, Xcel Energy Inc., September 2011 to December 2014; Senior Director, Financial Reporting, Corporate and Technical Accounting, Xcel Energy Services Inc., December 2009 to September 2011.

Judith Poferl

Ms. Judith M. Poferl is an Senior Vice President, Corporate Secretary and Executive Services of Xcel Energy Inc. Previously, Vice President, Corporate Secretary, Xcel Energy Inc., May 2013 to December 2014; President, Director and Chief Executive Officer, NSP-Minnesota, August 2009 to May 2013.

Timothy O'Connor

Mr. Timothy O'Connor is an Senior Vice President and Chief Nuclear Officer of Xcel Energy Inc. Previously, Acting Chief Nuclear Officer, NSP-Minnesota, September 2012 to February 2013; Vice President, Engineering and Nuclear Regulatory Compliance and Licensing July 2012 to September 2012; Monticello Site Vice President, May 2007 to July 2012.

Christopher Policinski

Mr. Christopher J. Policinski is Lead Independent Director of Xcel Energy Inc. Mr. Policinski leads a rapidly growing, multinational food and agricultural cooperative, experience that positions him to provide valuable leadership and strategic insight in effectively addressing environmental and other major issues. As president and CEO of the third-largest United States cooperative, Mr. Policinski has a wealth of experience in effectively managing operations, addressing new risks and regulatory requirements, and delivering value via effective growth management. He is well versed in finance and the financial reporting process. An active member of the community, Mr. Policinski serves as a director of a number of nonprofits, educational institutions and trade industry groups and provides a solid understanding of the communities we serve.

Richard Davis

Mr. Richard K. Davis is an Independent Director of Xcel Energy Inc. Mr. Davis’ executive experience in the highly regulated banking industry provides the Board with valuable leadership skills, strategic insight, and commercial acumen. His extensive financial expertise is valuable in our capital-intensive industry and his background in delivering strong results for a complex financial institution brings valuable skills to the Board. Mr. Davis also serves as a director of several nonprofit and educational institutions in the communities that we serve, bringing an enhanced awareness of our stakeholder base that is valuable to our business. Mr. Davis previously served as Lead Independent Director for four years.

Richard O'Brien

Mr. Richard T. O'Brien is an Independent Director of the Company, effective August 1, 2012. Mr. O’Brien’s extensive executive experience provides to the Board valuable strategic insight, leadership skills, and a sound understanding of delivering effective operations in an expansive and capital-intensive business. His acumen in financial reporting and accounting has been determined by our Board to qualify him as an audit committee financial expert. He is currently consulting in the areas of strategy and leadership and operating effectiveness with select mining and private equity firms considering investments in the mining industry. His background in both the mining and electric and gas industries is directly relevant to our business and he brings both valuable experience in effective management of environmental issues and expertise in industry and regulatory issues to our Board.

David Owens

Mr. David K. Owens is Independent Director of the Company. With 30 years of leadership experience in the energy industry, Mr. Owens brings a wealth of knowledge and skill to the Board. In his role at the Electric Edison Institute, the electric utility industry trade association, he oversaw key areas such as environmental, energy supply and finance, and state and federal regulatory and policy issues, all important topics for our business. He is a recognized expert in the energy field and has been a leader in shaping constructive public policy frameworks to support the industry’s transition to new and cleaner technologies. An active member in the community, Mr. Owens serves on the boards of a number of professional, academic, and community-based organizations.

James Prokopanko

Mr. James T. Prokopanko is an Independent Director of the Company. Having led large and complex businesses, Mr. Prokopanko brings valuable leadership skills and strategic insight to the Board. Throughout his career he has created growth, managed expansive operations, built key assets and effectively addressed environmental issues, all valuable skills to contribute to the Board. His experience in commodities, with capital-intensive businesses, and as a director for other public companies likewise contributes valuable and relevant expertise to the Board. Mr. Prokopanko works with and serves on the boards of several nonprofit organizations and brings a thoughtful understanding of the communities we serve.

A. Patricia Sampson

Ms. A. Patricia Sampson is an Independent Director of the Company. As leader of a management development and strategy planning business, Ms. Sampson brings valuable expertise and business experience to the Board. She provides valuable perspective in ethics and business conduct, talent acquisition, retention and development, diversity and social responsibility, all of which are important issues to our stakeholders. Her experience as a business owner provides insight into finance and the financial reporting processes. Ms. Sampson is the former CEO of the Greater Minneapolis Area Chapter of the American Red Cross and is a former board member of various religious and philanthropic organizations within the communities we serve.

James Sheppard

Mr. James J. Sheppard is an Independent Director of the Company. Mr. Sheppard brings to the Board extensive leadership experience in electric utilities, a solid understanding of the issues facing our industry, and valuable expertise on effective and efficient operations. He is a recognized expert in the nuclear industry, having overseen nuclear operations for major utilities and currently consulting on nuclear projects under development across the globe. In 2017, Mr. Sheppard was appointed to the board of directors of Ontario Power Generation, a generating company owned by the Province of Ontario, Canada, by the Ontario, Canada Minister of Energy. His experience provides valuable insight, knowledge, business acumen, and judgment that is valuable to our nuclear operations and is extremely helpful to the Board.

David Westerlund

Mr. David A. Westerlund is an Independent Director of the Company. Mr. Westerlund has extensive experience in corporate governance and environmental and workforce issues, bringing valuable insight to the Board. Having served as a senior executive in a Fortune 500 company, he contributes leadership skills and business acumen to the Board. Mr. Westerlund was responsible for environmental health and safety, corporate compliance, security, real estate activities, and human resources, including labor and employee relations, and benefits while at Ball Corporation, and he brings extensive knowledge of compliance, corporate governance, compensation, and equal employment opportunity issues to the Board. He serves on the boards of a number of community organizations.

Kim Williams

Ms. Kim Williams is an Independent Director of the Company. Ms. Williams brings extensive experience in leadership with a major investment management company, providing valuable and unique strategic insights to the Board. Her strong financial background is particularly valuable in our capital-intensive industry and she has been determined to be an audit committee financial expert by our Board. She brings extensive expertise in risk assessment and management that is valuable for our business. She is active in the community and serves as a trustee of a number of nonprofit and educational boards.

Timothy Wolf

Mr. Timothy V. Wolf is an Independent Director of the Company. With a career as a senior executive in consumer products industries, Mr. Wolf brings strategic insight, business acumen and valuable experience to the Board. He served as Chief Financial Officer of a major corporation and contributes valuable experience in and knowledge of finance, reporting and governance. Having led both organizations and the integration of organizations, Mr. Wolf has a sound understanding of business risk and effective risk management oversight. He serves as a director of several nonprofit and educational organizations.

Daniel Yohannes

Mr. Daniel Yohannes is Independent Director of Xcel Energy Inc., effective March 1, 2017. Mr. Yohannes most recently served as the U.S. Ambassador to the Organization for Economic Cooperation and Development (OECD), an international forum promoting economic growth, prosperity, sustainable development and energy security through better policies. Prior to that appointment, he served as Chief Executive Officer of Millennium Challenge Corporation (MCC), a U.S. government development agency that provides grants for investments in, among other things, energy and power infrastructure in developing countries to create self-sustaining power systems and support economic development. Prior to his government service, Yohannes specialized in financial services and the renewable energy sector. During more than three decades in financial services, he held several leadership roles including Vice Chairman and Member of the Management Committee of U.S. Bank. Yohannes co-founded the New Resource Bank which invests in environmentally sustainable businesses. In addition, he has led organizations that promote renewable energy. Yohannes is active in his community of Denver, Colorado and has served on several nonprofit boards, such as the board of Project C.U.R.E, an organization that delivers donated medical supplies to developing countries worldwide. He received a bachelor’s degree in economics from Claremont McKenna College and earned a Master of Business Administration from Pepperdine University.

Paul Johnson