01—Abstract
Summary
Summary of the 8-K filed August 11, 2026. Cited figures are marked; the original filing is the authoritative source.
WEC Energy Group, Inc. filed this Form 8-K dated August 11, 2026 under Item 5.02 to announce a senior leadership change in its finance organization.
The filing states that Caroline Garcia, age 50, will serve as Vice President and Controller effective August 31, 2026. She currently serves as Director of Audit Services at TXNM Energy, a position she has held since 2024, and previously spent nearly 25 years at KPMG LLP, most recently as an Audit Partner, with a primary focus on the energy, utility and natural resources sectors. She is a Certified Public Accountant.
In connection with the appointment, the filing sets Ms. Garcia's annual base salary at $335,000,a with a target award under the Company's short-term performance plan of 50% of base salary and a long-term incentive plan target of 70% of base salary. Both the short-term award and base salary are prorated to her August 31, 2026 start date, and her first long-term awards will be made effective with the 2027 award. She will be eligible to participate in the Company's 401(k) Plan, Executive Deferred Compensation Plan and other benefit plans.
Ms. Garcia succeeds William J. Guc, who, as previously reported, notified the Company that he intends to retire in early 2027.
Effective August 31, 2026, Mr. Guc will become special advisor to the Chief Financial Officer to help ensure a smooth transition. The filing is signed by Mr. Guc in his current capacity as Vice President and Controller.
02—Key points
Key Highlights
- Caroline Garcia appointed Vice President and Controller, effective August 31, 2026, under an agreement dated August 5, 2026.
- Ms. Garcia brings nearly 25 years of audit experience at KPMG LLP (1999 to 2024), including work with energy, utility and natural resources clients.
- Ms. Garcia most recently served as Director of Audit Services at TXNM Energy since 2024.
- Annual base salary set at $335,000, prorated to the August 31, 2026 start date.
- Short-term performance plan target of 50% of base salary and long-term incentive plan target of 70% of base salary.
- Her first long-term awards will be effective with the 2027 award.
- Predecessor William J. Guc, who previously notified the Company of his intent to retire in early 2027, becomes special advisor to the CFO effective August 31, 2026.
03—Questions
Frequently Asked Questions
Who is the new Vice President and Controller of WEC Energy Group?
Caroline Garcia, age 50, a Certified Public Accountant who has served as Director of Audit Services at TXNM Energy since 2024 and previously spent nearly 25 years at KPMG LLP, including as an Audit Partner.
When does the appointment take effect?
Ms. Garcia's appointment is effective August 31, 2026, under an agreement entered into on August 5, 2026.
What is Ms. Garcia's compensation package?
Her annual base salary is $335,000. Her short-term performance plan target is 50% of base salary and her long-term incentive plan target is 70% of base salary, with the short-term and base amounts prorated to her start date. Her first long-term awards will be effective with the 2027 award, and she is eligible for the 401(k) Plan, Executive Deferred Compensation Plan and other benefit plans.
What happens to the current Controller, William J. Guc?
As previously reported, Mr. Guc notified the Company he intends to retire in early 2027. Effective August 31, 2026, he will become special advisor to the Company's Chief Financial Officer to help ensure a smooth transition.
Does this filing report any financial results?
No. This Form 8-K reports only the Item 5.02 leadership change and related compensatory arrangements, and it does not report financial results or other financial figures beyond Ms. Garcia's compensation terms.
04—Continue