Press release
Xcel Energy Names Bob Frenzel as New CEO
Ben Fowke will remain as executive chairman and Tim O’Connor named EVP, chief operations officer MINNEAPOLIS--(BUSINESS WIRE)-- Xcel Energy announced today
About this update from Xcel Energy Inc.
[{"type":"text","content":"\nBen Fowke will remain as executive chairman and Tim O’Connor named EVP, chief operations officer\n\n MINNEAPOLIS--(BUSINESS WIRE)--\nXcel Energy announced today that Bob Frenzel has been appointed president and CEO of the company. Ben Fowke, the current chairman and CEO will remain at Xcel Energy as executive chairman of the Board of Directors. Tim O’Connor was also named executive vice president and chief operations officer.\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210819005169/en/Bob Frenzel, President & CEO, Xcel Energy (Photo: Business Wire)\n“I am humbled and honored today to take over as CEO of Xcel Energy. It’s been a privilege to work alongside Ben for the last five years. I am grateful for his leadership, vision and careful stewardship of this great company. This is an exciting time to be in the energy industry, and I look forward to leading us into the future with a focus on our strategic priorities, including being an agile and innovative company and our commitment to elevating the customer experience,” said Frenzel.\n\nFrenzel joined Xcel Energy as chief financial officer in 2016, leading the company’s finance, tax, accounting and corporate development functions, as well as its subsidiary companies. He was named president and chief operating officer in March 2020, where he oversaw Xcel Energy’s four operating companies, along with its transmission, distribution and natural gas operations.\n\n“Bob is an outstanding leader, and I am confident he will champion Xcel Energy’s strategic priorities including leading the clean energy transition and enhancing the customer experience while keeping customer bills low,” Fowke said.\n\nAs executive chair of Xcel Energy, Fowke will focus on national energy policy and will continue to work closely with Frenzel.\n\nTim O’Connor has served as Xcel Energy’s EVP and chief generation officer since 2020, and now moves into the role of chief operations officer where he will oversee nuclear generation, energy supply, supply chain, commercial operations, distribution, transmission and the company’s natural gas business.\n\n“Tim is an exemplary leader and well-known expert in the energy industry. Since he joined Xcel Energy in 2007, he helped build one of the top-performing nuclear fleets in the nation. Under his leadersh...