Summary
Xcel Energy Inc. (XEL) announced significant leadership changes effective October 1, 2023. Amanda Rome has been promoted to Executive Vice President and Group President, Utilities and Chief Customer Officer, stepping down from her previous role as Executive Vice President, Chief Legal and Compliance Officer. This promotion comes with a notable increase in her annual base salary to $675,000 and an incremental long-term incentive award valued at $100,000 for the 2023-2025 performance period. In connection with these changes, Brett Carter has departed from his role as Executive Vice President and Group President, Utilities and Chief Customer Officer to pursue other opportunities, although he will provide transition services through year-end. Ryan Long has been appointed as the interim general counsel. These executive transitions reflect a strategic realignment within Xcel Energy's senior management team, with a focus on the Utilities and Customer service segments. Investors should monitor the impact of these leadership shifts on the company's strategic direction and operational execution.
Key Highlights
- 1Amanda Rome promoted to EVP and Group President, Utilities and Chief Customer Officer.
- 2Rome's annual base salary increased to $675,000 effective October 1, 2023.
- 3Rome granted an incremental long-term incentive award of $100,000 for the 2023-2025 performance period.
- 4Ryan Long appointed as interim general counsel.
- 5Brett Carter exits role as EVP and Group President, Utilities and Chief Customer Officer, to pursue other opportunities.
- 6Carter will provide transition services through the end of the year.
- 7Leadership changes announced via press release filed as Exhibit 99.01.