People: Wisconsin Energy Corp (WEC)
WEC on New York Consolidated
41.60USD
18 Jun 2013
41.60USD
18 Jun 2013
Price Change (% chg)
$0.19 (+0.46%)
$0.19 (+0.46%)
Prev Close
$41.41
$41.41
Open
$41.45
$41.45
Day's High
$41.65
$41.65
Day's Low
$41.24
$41.24
Volume
1,107,402
1,107,402
Avg. Vol
1,233,577
1,233,577
52-wk High
$45.00
$45.00
52-wk Low
$36.01
$36.01
Summary
| Name | Age | Since | Current Position |
|---|---|---|---|
Gale Klappa |
62 | 2004 | Chairman of the Board, President, Chief Executive Officer |
J. Patrick Keyes |
47 | 2013 | Chief Financial Officer, Executive Vice President |
Susan Martin |
60 | 2012 | Executive Vice President, General Counsel, Corporate Secretary |
Allen Leverett |
46 | 2011 | Executive Vice President |
Robert Garvin |
46 | 2011 | Senior Vice President |
Stephen Dickson |
52 | 2005 | Vice President, Controller |
J. Kevin Fletcher |
54 | 2011 | Senior Vice President of Wisconsin Electric Power Company and Wisconsin Gas LLC |
John Bergstrom |
66 | 1987 | Independent Director |
Barbara Bowles |
65 | Presiding Independent Director | |
Patricia Chadwick |
64 | 2006 | Independent Director |
Curt Culver |
61 | 2004 | Independent Director |
Thomas Fischer |
61 | 2005 | Independent Director |
Henry Knueppel |
64 | 2013 | Independent Director |
Ulice Payne |
57 | 2003 | Independent Director |
Mary Stanek |
56 | 2012 | Independent Director |
Colleen Henderson |
Manager of Strategic Planning and Investor Relations |
Biographies
| Name | Description |
|---|---|
Gale Klappa |
Mr. Gale E. Klappa is Chairman of the Board, President, Chief Executive Officer of Wisconsin Energy Corporation. As Chief Executive Officer and President of WEC and its two principal utility subsidiaries, Mr. Klappa represents and communicates management’s perspective to the Board. Mr. Klappa has more than 38 years of experience working in the public utility industry, the last 19 at a senior executive level. Immediately prior to joining WEC in 2003, Mr. Klappa served as Executive Vice President and Chief Financial Officer at The Southern Company, a public utility holding company serving the southeastern United States. Mr. Klappa also served in various other positions during his tenure at Southern, including Treasurer and Chief Strategic Officer. Mr. Klappa currently serves on the boards of Edison Electric Institute, an association of U.S. shareholder-owned electric companies, and Electric Power Research Institute, an independent, non-profit research company performing research, development and demonstration in the electricity sector. His experience include - Wisconsin Energy Corporation – Chairman of the Board and Chief Executive Officer since 2004. President since 2003. Wisconsin Electric Power Company – Chairman of the Board since 2004. President and Chief Executive Officer since 2003. Wisconsin Gas LLC – Chairman of the Board since 2004. President and Chief Executive Officer since 2003. Director of Badger Meter, Inc. since 2010; and Director of Joy Global Inc. since 2006. Director of Wisconsin Electric Power Company, and Wisconsin Gas LLC since 2003. |
J. Patrick Keyes |
Mr. J. Patrick Keyes is Chief Financial Officer, Executive Vice President of Wisconsin Energy Corp. Mr. Keyes has been serving as vice president and treasurer since joining the company's leadership team in 2011. Keyes has nearly 25 years of experience in the utility practice at Accenture and its predecessor organizations, Andersen Consulting and Arthur Andersen. During that time, Keyes worked with more than 20 utilities, providing in the areas of smart metering, customer information systems, customer information management and utility customer operations. He holds a B.A. in Economics from Duke University and an MBA in Accounting and Finance from the University of Michigan. |
Susan Martin |
Ms. Susan H. Martin is Executive Vice President, General Counsel, Corporate Secretary of Wisconsin Energy Corp. She has held positions with Wisconsin Electric -- Executive Vice President and General Counsel since March 2012. Corporate Secretary since December 2007. Vice President and Associate General Counsel from December 2007 to February 2012; Wisconsin Gas -- Executive Vice President and General Counsel since March 2012. Corporate Secretary since December 2007. Vice President and Associate General Counsel from December 2007 to February 2012. She earned bachelor's, master's and doctoral degrees in English and literature from the University of Michigan and a juris doctor degree cum laude from the University of Wisconsin. |
Allen Leverett |
Mr. Allen L. Leverett is Executive Vice President of Wisconsin Energy Corp. He is working for Wisconsin Energy Corporation as Executive Vice President since May 2004. Chief Financial Officer since July 2003. Wisconsin Electric Power Company's Executive Vice President since May 2004. Chief Financial Officer since July 2003. Wisconsin Gas LLC -- Executive Vice President since May 2004. Chief Financial Officer since July 2003. Georgia Power Company -- Executive Vice President, Chief Financial Officer and Treasurer from May 2002 to July 2003. Assistant Treasurer from 2000 to 2002. Georgia Power Company is a utility affiliate of The Southern Company, a public utility holding company serving the southeastern United States. |
Robert Garvin |
Mr. Robert M. Garvin is Senior Vice President of Wisconsin Energy Corp. Before joining American Transmission Company, Garvin was vice president - regulatory affairs for NextEra Energy Resources of Juno Beach, Fla. Previously, he was a member of the Public Service Commission of Wisconsin (PSCW), also serving as a director of the National Association of Regulatory Utility Commissioners and chairing the association's nuclear waste subcommittee. While a member of the PSCW, Garvin was called to active military service for a one-year deployment in Iraq. Earlier in his career, Garvin was manager - legal and government affairs for Wisconsin Public Power, Inc., of Sun Prairie, Wis. Garvin holds both Bachelor of Arts and Juris Doctor Degrees from the University of Wisconsin - Madison. He is Senior Vice President since April 2011 of Wisconsin Electric , Senior Vice President since April 2011 of Wisconsin Gas. He was Vice President and General Counsel from 2009 to April 2011 of American Transmission Co, Vice President from 2007 to 2009 of NextEra Energy Resources and Commissioner - Public Service Commission of Wisconsin -- 2001 to 2007. |
Stephen Dickson |
Mr. Stephen P. Dickson is Vice President, Controller of Wisconsin Energy Corp. He joined Wisconsin Energy Corporation and Wisconsin Electric (doing business as Energies) as controller in April 2000. He has been Vice President since 2005. He became Prior to joining the companies, he had served in the same position with Wisconsin Gas since 1998. From 1996 to 1998, Mr. Dickson was the director of Arthur Andersen’s Business Risk Consulting Services. He joined Arthur Andersen in 1983 as part of the Audit and Business Assurance division and was promoted to manager in 1988. Mr. Dickson graduated from Oral Roberts University, Tulsa, Okla., in 1983 with a Bachelor of Science degree in accounting. He became a Certified Public Accountant in 1985 and passed the Certified Internal Audit exam in 1997. Mr. Dickson is a member of the Financial Executives Institute and the Wisconsin Institute of Certified Public Accountants. |
J. Kevin Fletcher |
Mr. J. Kevin Fletcher is Senior Vice President of Wisconsin Electric Power Company, and Wisconsin Gas LLC, a subsidiary of Wisconsin Energy Corp. He was Vice President - Community and Economic Development from 2007 to October 2011 of Georgia Power. Georgia Power is an affiliate of The Southern Company, a public utility holding company serving the southeastern United States. |
John Bergstrom |
Mr. John F. Bergstrom is Independent Director of Wisconsin Energy Corp. Mr. Bergstrom has over 30 years of experience as CEO of Bergstrom Corporation, one of the top 50 automotive dealership groups in America, with dealerships across eastern Wisconsin. Therefore, Mr. Bergstrom provides the Board experience and insight with respect to understanding the needs of the Company’s retail customers, as well as Wisconsin’s business environment. As the CEO of a diverse retailer, Mr. Bergstrom has a deep understanding of executive compensation issues and challenges and is well qualified to provide perspective on customer focus and satisfaction which continues to be a primary focus of the Company. Mr. Bergstrom also provides the Board with insight gained from his over 27 years of service as a director on WEC’s and its subsidiaries’ Boards, over 50 years of combined experience as a director on the boards of several other publicly traded U.S. corporations, and past or present directorships on the boards of several regional non-profit entities, including the Green Bay Packers, Inc. |
Barbara Bowles |
Ms. Barbara L. Bowles is Presiding Independent Director of Wisconsin Energy Corporation. As founder, president and CEO of The Kenwood Group, Inc., a Chicago-based investment advisory firm that managed pension funds for corporations, public institutions and endowments, Ms. Bowles has over 19 years of investment advisory experience. Before founding The Kenwood Group, Ms. Bowles, who is a Chartered Financial Analyst, was a chief investor relations officer for two Fortune 50 companies. Prior to that, she served as a portfolio manager and utility analyst for more than 10 years. With this combined experience, Ms. Bowles is well qualified to provide perspective to the Board as to what issues are important to investors, particularly what is important to analysts covering the Company’s industry. Ms. Bowles also served as chief compliance officer for the mid-cap portfolios following the Kenwood Group’s merger with Profit Investment Management, through which she gained a deep understanding of corporate governance issues and concerns. This experience is invaluable for Ms. Bowles’ positions as chair of the WEC Corporate Governance Committee and presiding independent director. Ms. Bowles’ past and present service as a director of other public companies, including service on several audit and finance committees, provides a resource to the Board in discussions of issues facing the Company. |
Patricia Chadwick |
Ms. Patricia W. Chadwick is Independent Director of Wisconsin Energy Corporation. Ms. Chadwick, who is a Chartered Financial Analyst, was an investment professional/portfolio manager or principal for 30 years, and served as a director of research for four of those years. Since 1999, Ms. Chadwick has been president of Ravengate Partners, LLC, a firm that provides businesses and not-for-profit institutions with advice about the economy and the financial markets. As indicated above, Ms. Chadwick currently serves as a director on the boards of two registered investment companies. She has served as the Chair of multiple committees at AMICA Mutual Insurance Company, including the Audit Committee and Nominating and Governance Committee (which she currently chairs). She is also the Chair of the Domestic Investment Review Committee at ING Mutual Funds and serves on the Audit Committees for AMICA Mutual Insurance Company and The Royce Funds, as well as the Finance Committee for AMICA. Her experience includes - Ravengate Partners, LLC – President since 1999. Ravengate Partners, LLC provides businesses and not-for-profit institutions with advice about the financial markets, business management and global economics. Director of AMICA Mutual Insurance Company since 1992; Director of ING Mutual Funds since 2006; and Director of The Royce Funds since 2009. Director of Wisconsin Energy Corporation, Wisconsin Electric Power Company, and Wisconsin Gas LLC since 2006. |
Curt Culver |
Mr. Curt S. Culver is Independent Director of Wisconsin Energy Corporation. His other experiences includes - MGIC Investment Corporation – Chairman since 2005, Chief Executive Officer since 2000, and President from 1999 to 2006. MGIC Investment Corporation is the parent of Mortgage Guaranty Insurance Corporation. Mortgage Guaranty Insurance Corporation – Chairman since 2005, Chief Executive Officer since 1999, and President from 1996 to 2006. Mortgage Guaranty Insurance Corporation is a private mortgage insurance company. Director of MGIC Investment Corporation since 1999. Director of Wisconsin Electric Power Company, and Wisconsin Gas LLC since 2004. |
Thomas Fischer |
Dr. Thomas J. Fischer serves as an Independent Director of Wisconsin Energy Corporation. As Principal of Fischer Financial Consulting LLC, Mr. Fischer has provided consulting services to companies in the areas of corporate financial, accounting and governance matters since 2002. Prior to this, Mr. Fischer, who is a Certified Public Accountant, worked for Arthur Andersen, which was a international independent public accounting firm, for 33 years, the last 22 as a partner responsible for services provided to complex public and private companies and several public utility audits. Director of Wisconsin Energy Corporation, Wisconsin Electric Power Company and Wisconsin Gas LLC since 2005. Director of Actuant Corporation since 2003; Director of Badger Meter, Inc. since 2003; and Director of Regal Beloit Corporation since 2004. |
Henry Knueppel |
Mr. Henry W. Knueppel has been appointed as Independent Director of Wisconsin Energy Corp., effective February 1, 2013. He has more than 30 years of senior management experience with Regal Beloit, a manufacturer of electric motors, mechanical and electrical motion controls, and power generation products. Under his leadership at Regal Beloit, the company significantly expanded its international footprint and made quality improvement and productivity a way of life. Knueppel holds a bachelor's degree in economics from Ripon College and a master's of business administration from the University of Wisconsin-Whitewater. Knueppel also serves as nonexecutive chairman of Harsco Corporation and as a director of Regal Beloit Corporation, Snap-On Inc., and First National Bank & Trust Company of Beloit. |
Ulice Payne |
Mr. Ulice Payne Jr., is Independent Director of Wisconsin Energy Corporation. Mr. Payne has leadership experience within the local community and the State of Wisconsin, previously serving as president and CEO of the Milwaukee Brewers Baseball Club, Inc., as managing partner of the Milwaukee office of Foley & Lardner, a Milwaukee-based law firm, and as Securities Commissioner for the State of Wisconsin. In addition, Mr. Payne is and has been involved in numerous Milwaukee-area non-profit entities, including serving as past chair of the Bradley Center Sports and Entertainment Corporation. His experience includes - Addison-Clifton, LLC – Managing Member since 2004. Addison-Clifton, LLC provides global trade compliance advisory services. Director of Manpower Inc. since 2007; and Trustee of The Northwestern Mutual Life Insurance Company since 2005. Director of Badger Meter, Inc. from 2000 to 2010; and Director of Midwest Air Group, Inc. from 1998 to 2008. Director of Wisconsin Energy Corporation, Wisconsin Electric Power Company, and Wisconsin Gas LLC since 2003. |
Mary Stanek |
Ms. Mary Ellen Stanek has been appointed as Independent Director of Wisconsin Energy Corp. Ms. Stanek, who is a Chartered Financial Analyst, has over 30 years of investment management experience and is currently responsible for the development and portfolio management of all proprietary asset management services for Robert W. Baird & Co. Ms. Stanek also co-manages several fixed income mutual funds as well as a number of taxable and tax-exempt portfolios. In addition to her positions with Robert W. Baird & Co. set forth above, Ms. Stanek is also a director of Robert W. Baird, Baird Holding Company and Baird Financial Corp. Her experience includes - Robert W. Baird & Co. Incorporated – Managing Director and Director of Asset Management since 2000; Baird Advisors – Chief Investment Officer since 2000; Baird Funds, Inc. – President since 2000. Robert W. Baird & Co. provides wealth management, capital markets, private equity and asset management services to clients worldwide. Baird Advisors is an institutional fixed income investment advisor. Baird Funds, Inc. is a publicly registered investment company. Director of Journal Communications Inc. (and its predecessor company) since 2002; and Trustee of The Northwestern Mutual Life Insurance Company since 2009. Director of Wisconsin Electric Power Company, and Wisconsin Gas LLC since January 2012. |
Colleen Henderson |
Basic Compensation
| Name | Fiscal Year Total |
|---|---|
Gale Klappa |
13,078,000 |
J. Patrick Keyes |
1,044,110 |
Susan Martin |
-- |
Allen Leverett |
5,365,740 |
Robert Garvin |
1,306,560 |
Stephen Dickson |
-- |
J. Kevin Fletcher |
-- |
John Bergstrom |
-- |
Barbara Bowles |
-- |
Patricia Chadwick |
-- |
Curt Culver |
-- |
Thomas Fischer |
-- |
Henry Knueppel |
-- |
Ulice Payne |
-- |
Mary Stanek |
-- |
Colleen Henderson |
-- |
As Of 30 Dec 2012
Options Compensation
| Name | Options | Value |
|---|---|---|
Gale Klappa |
1,295,000 | 16,190,100 |
J. Patrick Keyes |
0 | 0 |
Susan Martin |
0 | 0 |
Allen Leverett |
680,000 | 4,361,000 |
Robert Garvin |
0 | 0 |
Stephen Dickson |
0 | 0 |
J. Kevin Fletcher |
0 | 0 |
John Bergstrom |
0 | 0 |
Barbara Bowles |
0 | 0 |
Patricia Chadwick |
0 | 0 |
Curt Culver |
0 | 0 |
Thomas Fischer |
0 | 0 |
Henry Knueppel |
0 | 0 |
Ulice Payne |
0 | 0 |
Mary Stanek |
0 | 0 |
Colleen Henderson |
0 | 0 |
| Name | Shares Traded | Price |
|---|---|---|
BOWLES BARBARA L |
3,500 | $43.83 |
MARTIN SUSAN H |
5,000 | $44.70 |
MARTIN SUSAN H |
5,000 | $24.02 |
CORNOG ROBERT A |
2,154 | $0.00 |
DICKSON STEPHEN P |
28,200 | $44.24 |
CORNOG ROBERT A |
2,389 | $0.00 |
CORNOG ROBERT A |
2,751 | $0.00 |
DICKSON STEPHEN P |
28,200 | $21.11 |
KLAPPA GALE E |
4,690 | $43.25 |
KLAPPA GALE E |
100,000 | $19.74 |
KLAPPA GALE E |
100,000 | $42.53 |
LEVERETT ALLEN LEWIS |
20,000 | $19.74 |
LEVERETT ALLEN LEWIS |
20,000 | $42.00 |
LEVERETT ALLEN LEWIS |
20,000 | $19.74 |
LEVERETT ALLEN LEWIS |
20,000 | $41.50 |
LEVERETT ALLEN LEWIS |
30,000 | $19.74 |
LEVERETT ALLEN LEWIS |
30,000 | $41.05 |
DICKSON STEPHEN P |
33,400 | $41.51 |
DICKSON STEPHEN P |
33,400 | $24.02 |
MARTIN SUSAN H |
3,330 | $41.00 |
MARTIN SUSAN H |
3,330 | $23.88 |
RAPPE KRISTINE A |
2,414 | $0.00 |
KLAPPA GALE E |
46,913 | $40.97 |
KLAPPA GALE E |
46,913 | $19.74 |
KLAPPA GALE E |
3,087 | $40.80 |

