Xcel Energy Says Fowke to Retire as CEO, Frenzel Named Next CEO
By Michael Dabaie
Xcel Energy on Thursday said Chairman and Chief Executive Ben
Fowke would retire as CEO effective Aug. 18.
Bob Frenzel, president and chief operating officer, will become
the company's next CEO and president.
Though Mr. Fowke will retire as CEO in August, he will continue
to serve on the Xcel board as executive chairman during a
Mr. Frenzel joined Xcel Energy as chief financial officer in
2016. He was named president and chief operating officer in March
2020, and currently oversees Xcel Energy's four operating
companies, along with its transmission, distribution and natural
Mr. Frenzel served as CFO for Luminant, the Energy Future
Holdings Corp. competitive power generating subsidiary, prior to
his roles at Xcel Energy. He also worked as vice president in the
investment banking division of Goldman Sachs, following his tenure
as a manager and senior consultant in the strategy, finance and
economics practice at Arthur Andersen.
Mr. Fowke was named Xcel Energy's chair, president and CEO in
Write to Michael Dabaie at firstname.lastname@example.org
(END) Dow Jones Newswires
May 13, 2021 09:26 ET (13:26 GMT)
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