Xcel Energy promotes Timothy O'Connor to EVP & COO; base salary raised to $750K

XCEL ENERGY INC

Timothy O'Connor elected EVP and Chief Operations Officer, overseeing nuclear, generation, supply chain, transmission, and natural gas.
Base salary increased from $610,000 to $750,000 per year, effective August 18, 2021.
Target bonus under Annual Incentive Award Plan increased from 75% to 85% of base salary.
Received additional long-term incentive award with target grant date fair value of $400,000 for 2021–2023.

item 5.02

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Role change

Timothy O'Connor

Executive Vice President and Chief Operations Officer

XEL · XCEL ENERGY INC

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

On August 18, 2021, the Xcel Energy Inc. (“Xcel Energy”) Board of Directors (“Board”) elected Timothy O’Connor as Executive Vice President and Chief Operations Officer overseeing nuclear generation, energy supply, supply chain, commercial operations, distribution, transmission and Xcel Energy’s natural gas business.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 1.0

Timothy O'Connor was elected as Executive Vice President and Chief Operations Officer at XCEL ENERGY INC.

Action: elected
Role: Executive Vice President and Chief Operations Officer

Exact text from the filing

On August 18, 2021, the Xcel Energy Inc. (“Xcel Energy”) Board of Directors (“Board”) elected Timothy O’Connor as Executive Vice President and Chief Operations Officer overseeing nuclear generation, energy supply, supply chain, commercial operations, distribution, transmission and Xcel Energy’s natural gas business.

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Source: SEC EDGAR

accession 0000072903-21-000069

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