Summary
Xcel Energy Inc. (XEL) has announced a key executive transition effective March 1, 2022. Jeff Savage will move from his current role as Senior Vice President, Controller, and principal accounting officer to become the Chief Audit and Financial Services Officer. This change signifies a planned succession within the company's financial leadership team. Investors should note that Xcel Energy intends to appoint a new principal accounting officer before the effective date of Mr. Savage's transition. This filing, primarily an Item 5.02 and Item 7.01 disclosure, includes a press release detailing this leadership change. While the press release provides further context on leadership changes, the core information for investors relates to the shift in Mr. Savage's responsibilities and the upcoming appointment of a new principal accounting officer.
Key Highlights
- 1Effective March 1, 2022, Jeff Savage will transition to Chief Audit and Financial Services Officer.
- 2Mr. Savage will cease serving as Senior Vice President, Controller, and principal accounting officer.
- 3Xcel Energy plans to appoint a new principal accounting officer before March 1, 2022.
- 4The announcement is made via an 8-K filing dated December 20, 2021.
- 5A press release (Exhibit 99.01) accompanies the filing, detailing this and other leadership changes.