8-KLeadership ChangesRegulation FDExhibits & Filings

CMS ENERGY CORP 8-K Report, Executive Changes (Jun 3, 2026)

Filed June 3, 2026For Securities:CMSCMS-PCCMSACMSCCMSD

Summary

CMS Energy Corp (CMS) has announced a significant leadership transition with the retirement of Rejji P. Hayes as Executive Vice President and Chief Financial Officer (CFO) for both CMS Energy and Consumers Energy, effective June 3, 2026. Succeeding Hayes is Srikanth (Sri) Maddipati, who brings extensive experience within CMS Energy, having served in various finance and operational roles since 2014, including treasurer and vice president of electric supply. Maddipati's prior experience at Goldman Sachs further strengthens his financial acumen for this critical role. This appointment is effective immediately and is accompanied by a new compensation package for Maddipati. In addition to the CFO change, CMS Energy has reaffirmed its financial guidance provided on April 28, 2026, as of June 3, 2026. While this report primarily details personnel changes, the reaffirmation of guidance suggests continued confidence in the company's financial outlook by current management. Investors should monitor the upcoming earnings reports for performance against this reaffirmed guidance, especially in light of the new CFO's leadership.

Key Highlights

  • 1Rejji P. Hayes has retired as Executive Vice President and Chief Financial Officer (CFO) of CMS Energy and Consumers Energy, effective June 3, 2026.
  • 2Srikanth (Sri) Maddipati has been appointed as the new Executive Vice President and CFO, effective June 3, 2026.
  • 3Maddipati has 12 years of experience within CMS Energy, holding key finance and operational roles, including treasurer and VP of Electric Supply.
  • 4Maddipati previously worked at Goldman Sachs in the financial institutions group.
  • 5Maddipati's compensation includes an annual base salary of $775,000, a target incentive of 80% of base salary, and $750,000 in tenure-based restricted stock.
  • 6CMS Energy has reaffirmed its financial guidance as provided on April 28, 2026.
  • 7The company has filed a news release dated June 3, 2026, as Exhibit 99.1.

Frequently Asked Questions

Srikanth (Sri) Maddipati has been appointed as the new Executive Vice President and Chief Financial Officer (CFO) for both CMS Energy and Consumers Energy, effective June 3, 2026.

Srikanth Maddipati has been with CMS Energy since 2014, progressing through roles such as assistant treasurer, vice president and treasurer, and Consumers Energy vice president electric supply, and most recently Consumers Energy senior vice president and president of the electric supply business unit. He also has prior experience as a vice president at Goldman Sachs.

Yes, CMS Energy has reaffirmed its financial guidance as previously provided on April 28, 2026, as of June 3, 2026.

Srikanth Maddipati will receive an annual base salary of $775,000, an increased standard award percentage of 80% under the CMS Energy Incentive Compensation Plan, and $750,000 in tenure-based restricted stock that vests on his third-year service anniversary.