Summary
Xcel Energy Inc. (XEL) announced a key executive leadership change in its 8-K filing dated June 16, 2025. Rob Berntsen, the Executive Vice President, Chief Legal and Compliance Officer, has departed the company, effective immediately as of June 13, 2025, to pursue other opportunities. This transition marks a significant shift in the company's legal and compliance leadership. In response to Mr. Berntsen's departure, Xcel Energy has appointed Ryan Long as the new Executive Vice President, Chief Legal and Compliance Officer, effective June 16, 2025. Mr. Long brings extensive experience within Xcel Energy, having most recently served as President of Northern States Power Company (NSPM) since January 2024. He will continue to manage NSPM during the search for his successor, demonstrating continuity in leadership. Investors should note Mr. Long's deep legal background within the company, having held various legal positions since joining in 2015.
Key Highlights
- 1Rob Berntsen, Executive Vice President, Chief Legal and Compliance Officer, has departed Xcel Energy, effective June 13, 2025.
- 2Ryan Long appointed as the new Executive Vice President, Chief Legal and Compliance Officer, effective June 16, 2025.
- 3Mr. Long's prior role was President of Northern States Power Company (NSPM), a position he will continue to oversee.
- 4A search for a new NSPM President is underway.
- 5Mr. Long has a comprehensive legal background with Xcel Energy since 2015, including experience as Interim General Counsel.
- 6The company is filing a press release announcing this leadership change as an exhibit.
- 7This filing is primarily an Item 5.02 (Departure/Election of Directors/Officers) and Item 9.01 (Financial Statements and Exhibits) report.