Press release
Xcel Energy Elects Timothy Welsh to Board of Directors
Welsh brings expertise in financial services and customer experience MINNEAPOLIS--(BUSINESS WIRE)-- Xcel Energy announced today that Timothy Welsh has been
About this update from Xcel Energy Inc.
[{"type":"text","content":"\nWelsh brings expertise in financial services and customer experience\n\n\n MINNEAPOLIS--(BUSINESS WIRE)--\nXcel Energy announced today that Timothy Welsh has been elected to the company’s board of directors, effective immediately.\n\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230821154299/en/Tim Welsh (Photo: Business Wire)\nWelsh, who currently serves as vice chair for U.S. Bancorp’s Consumer and Business Banking, is an accomplished business and community leader with decades of experience in a variety of diverse fields, including financial services, customer experience, workforce development, and operations. Across several industries, Welsh’s work has centered on understanding consumer behavior and creating strategies to respond to consumer preferences. Welsh also brings a passion for helping enhance the vitality of the community and opportunities for its residents.\n\n\n“With his extensive experience and track record of leadership, Tim will be an invaluable addition to our board,” said Bob Frenzel, chairman, president and CEO of Xcel Energy. “We look forward to Tim’s oversight and contributions — informed by his broad range of business leadership roles, expertise in finance, stellar track record in management consulting, insights into strategies that boost the customer experience and his commitment to the community in Minnesota and beyond.”\n\n\nIn his role at U.S. Bancorp, Welsh leads a team of more than 20,000 to drive the company’s overall consumer and small business strategy across its branch network, product management functions, mortgages, auto loans, deposits, and related activities.\n\n\nBefore joining U.S. Bancorp in 2017, Welsh spent more than 26 years at McKinsey & Co. in their Minneapolis-St. Paul offices, serving clients across a broad spectrum of industries including financial services, consumer package goods, and energy. Serving as senior partner with the company, Welsh was elected by his colleagues to McKinsey’s Shareholders Council, led McKinsey’s global learning and development function, and co-led the firm’s people strategy.\n\n\nWelsh has extensive board experience, including serving as chair of the board for GREATER MSP and vice chair of the board of Allina Health. In addition, Welsh is a founder of the Itasca Project to improve the qualit...