Summary
Xcel Energy Inc. (XEL) announced a change to its Board of Directors with the election of Lynn Casey, effective August 21, 2018. Ms. Casey's appointment is for a term concluding at the 2019 annual shareholder meeting and includes service on the Finance Committee and the Operations, Nuclear, Environmental and Safety (ONES) Committee. This addition to the Board aims to bring new perspectives and expertise to the company's governance and strategic oversight. Investors should note that Ms. Casey will receive compensation for her board service in line with the company's existing non-employee director compensation structure. The company has attached a press release dated August 21, 2018, as an exhibit to this filing, which provides further details on this director appointment. This is a standard governance update that signals ongoing efforts by Xcel Energy to maintain a well-rounded and experienced Board.
Key Highlights
- 1Xcel Energy Inc. elected Lynn Casey as a new member of its Board of Directors.
- 2Ms. Casey's term as director will extend through the 2019 annual shareholder meeting.
- 3She has been appointed to serve on the Finance Committee and the Operations, Nuclear, Environmental and Safety (ONES) Committee.
- 4Ms. Casey's compensation for board service will be prorated and consistent with current non-employee director pay.
- 5The company filed a press release dated August 21, 2018, as an exhibit detailing this board change.