Xcel Energy promotes Robert Frenzel to CEO effective Aug 18; salary to $1.2M

XCEL ENERGY INC

Frenzel, previously President/COO, becomes President and CEO Aug 18, 2021.
Base salary increased from $775k to $1.2M; target bonus raised from 100% to 125% of salary.
Additional LTI award of $4.075M for 2021-2023 performance period.
Ben Fowke, former CEO, remains as Executive Chairman with no compensation changes.

item 5.02

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Robert Frenzel

President and Chief Executive Officer

XEL · XCEL ENERGY INC

Effective: 2021-08-18
Filed: August 23, 2021, 7:59 PM ET

the Xcel Energy Inc. (“Xcel Energy”) Board of Directors (“Board”) elected Robert Frenzel as President and Chief Executive Officer effective August 18, 2021.

Role change

Ben Fowke

Executive Chairman of the Board

XEL · XCEL ENERGY INC

Effective: 2021-08-18
Successor: Robert Frenzel
Filed: August 23, 2021, 7:59 PM ET

As previously announced, upon Ben Fowke’s retirement as Chief Executive Officer of Xcel Energy on August 18, 2021, Mr. Fowke assumed the role of Executive Chairman of the Board.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Robert Frenzel was elected as President and Chief Executive Officer at XCEL ENERGY INC.

Action: elected
Role: President and Chief Executive Officer

Exact text from the filing

the Xcel Energy Inc. (“Xcel Energy”) Board of Directors (“Board”) elected Robert Frenzel as President and Chief Executive Officer effective August 18, 2021.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Ben Fowke changed role as Executive Chairman of the Board at XCEL ENERGY INC.

Action: assumed
Role: Executive Chairman of the Board

Exact text from the filing

As previously announced, upon Ben Fowke’s retirement as Chief Executive Officer of Xcel Energy on August 18, 2021, Mr. Fowke assumed the role of Executive Chairman of the Board.

View on SEC.gov

XCEL ENERGY INC filing history →

Source: SEC EDGAR

accession 0000072903-21-000067

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.