Summary
Xcel Energy Inc. (XEL) announced on February 4, 2016, that Teresa S. Madden, Executive Vice President and Chief Financial Officer (CFO), has decided to retire during the second quarter of 2016. This departure signifies a key leadership change within the company, and investors should monitor the succession plan for the CFO position closely. While the specific timing of Ms. Madden's retirement is noted as the second quarter of 2016, further details regarding her replacement have not been disclosed in this filing, but are likely to be communicated through an upcoming press release, as indicated by the filing of Exhibit 99.01.
Key Highlights
- 1Teresa S. Madden, EVP and CFO of Xcel Energy, announced her decision to retire.
- 2Retirement is scheduled to occur during the second quarter of 2016.
- 3This filing marks an important leadership transition for the company.
- 4The specific date of retirement and successor information will be disclosed in future communications.
- 5A press release dated February 5, 2016, is attached as Exhibit 99.01, likely containing further details.