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WEC Energy Group Inc (WEC.N)

WEC.N on New York Stock Exchange

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24 Jan 2017
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Summary

Name Age Since Current Position

Gale Klappa

65 2016 Non-Executive Chairman of the Board

Allen Leverett

49 2016 President, Chief Executive Officer, Director

Scott Lauber

50 2016 Chief Financial Officer, Executive Vice President

J. Kevin Fletcher

57 2016 President - Wisconsin Segment

Charles Matthews

59 2015 President of PELLC

Susan Martin

63 2012 Executive Vice President, General Counsel, Corporate Secretary

Robert Garvin

49 2015 Executive Vice President - External Affairs

J. Patrick Keyes

50 2016 Executive Vice President; President of Michigan Gas Utilities and Minnesota Energy Resources Corporation

Joan Shafer

62 2015 Executive Vice President - Human Resources and Organizational Effectiveness

Mary Straka

51 2015 Senior Vice President - Corporate Communications and Investor Relations

William Guc

46 2015 Vice President, Controller

John Bergstrom

69 1987 Independent Director

Barbara Bowles

68 Independent Director

William Brodsky

72 2015 Independent Director

Albert Budney

68 2015 Independent Director

Patricia Chadwick

67 2006 Independent Director

Curt Culver

63 2004 Independent Director

Thomas Fischer

68 2005 Independent Director

Paul Jones

67 2015 Independent Director

Henry Knueppel

67 2013 Independent Director

Ulice Payne

60 2003 Independent Director

Mary Stanek

59 2012 Independent Director

Colleen Henderson

Manager of Strategic Planning and Investor Relations

Biographies

Name Description

Gale Klappa

Mr. Gale E. Klappa has re-designated as Non-Executive Chairman of the Board of the Company., effective May 1, 2016. As Chief Executive Officer (CEO) of WEC Energy Group and CEO and/or Chairman of several of its principal utility subsidiaries, Mr. Klappa represents and communicates management’s perspective to the Board. Mr. Klappa provides the Board with an understanding of the day-to-day operations of the Company, and in turn, communicates the Board’s vision and direction for the Company to the other officers and management. Mr. Klappa has more than 40 years of experience working in the public utility industry, the last 23 at a senior executive level. Immediately prior to joining WEC Energy Group in 2003, Mr. Klappa served as Executive Vice President and Chief Financial Officer of The Southern Company, a public utility holding company serving the southeastern United States. Mr. Klappa also served in various other leadership positions during his tenure at Southern, including Chief Strategic Officer and Chief Executive of the company’s subsidiary in the United Kingdom. Mr. Klappa currently serves on the board of Edison Electric Institute, an association of U.S. shareholder-owned electric companies.

Allen Leverett

Mr. Allen Lewis Leverett is President, Chief Executive Officer, Director of the Company. He has been appointed to the position of Chief Executive Officer of the Company., effective 1 May 2016. Mr. Leverett joined Wisconsin Energy in 2003 as chief financial officer. In May 2004 , he was named executive vice president and chief financial officer of Wisconsin Energy and We Energies. In March 2011 , Leverett was named president and chief executive officer of We Generation, the company's power generation group, with overall responsibility for the company's electric generation portfolio, fuel procurement, environmental compliance and renewable energy development strategy. He has served as president of the parent company since August 2013 , and he is also responsible for the business operations of the company's utilities in Wisconsin , Michigan , and Minnesota. Prior to joining the company, Leverett served as chief financial officer and executive vice president of Georgia Power in Atlanta, Georgia . Leverett earned his bachelor's degree, summa cum laude, in electrical engineering and mathematics from Vanderbilt University , Nashville, Tennessee . He also earned a master's degree in electrical engineering from Stanford University , Palo Alto, California , and a Master of Business Administration degree with a finance concentration from Auburn University , Auburn, Alabama . Leverett is a director of American Transmission Co. as well as a director and nonexecutive chairman of Church Mutual Insurance Co. He also is a member of the board of trustees for Alverno College in Milwaukee.

Scott Lauber

Mr. Scott J. Lauber has been appointed as Executive Vice President and Chief Financial Officer of the Company, effective April 1, 2016. Mr. Lauber has been Vice President and Treasurer of each of these companies since February 2013, and was Assistant Treasurer from March 2011 to January 2013.

J. Kevin Fletcher

Mr. J. Kevin Fletcher has been appointed as President - Wisconsin Segment of the Company, effective May 1, 2016. His segments includes Wisconsin Electric, Wisconsin Gas LLC and Wisconsin Public Service Corporation. Mr. Fletcher has been serving as a Director and Executive Vice President – Customer Service and Operations for Wisconsin Electric since June 29, 2015. From October 2011 through June 29, 2015, Mr. Fletcher served as Senior Vice President – Customer Operations for Wisconsin Electric.

Charles Matthews

Charles R. Matthews is President of PELLC, a subsidiary of the Company, since June 2015.

Susan Martin

Ms. Susan H. Martin is Executive Vice President, General Counsel, Corporate Secretary of the Company. 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.

Robert Garvin

Mr. Robert M. Garvin is Executive Vice President - External Affairs of WEC Energy Group, Inc. since June 2015. Before joining American Transmission Company, Mr. 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.

J. Patrick Keyes

Mr. J. Patrick Keyes has been appointed as Executive Vice President; President of Michigan Gas Utilities and Minnesota Energy Resources Corporation of WEC Energy Group, Inc.; President of Michigan Gas Utilities and Minnesota Energy Resources Corporation. He has been President of WEC Energy’s service company, WEC Business Services LLC. He has been appointed as President of Michigan Gas Utilities and Minnesota Energy Resources Corporation, effective April 1, 2016. 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.

Joan Shafer

Mr. Joan M. Shafer is Executive Vice President - Human Resources and Organizational Effectiveness of Wisconsin Electric, a subsidiary of the Company. He was Senior Vice President - Customer Services from January 2012 to June 2015. Vice President - Customer Services from January 2004 to January 2012.

Mary Straka

Ms. Mary Beth Straka is Senior Vice President - Corporate Communications and Investor Relations of the Company, since June 29, 2015.

William Guc

Mr. William J. Guc is Vice President, Controller of WEC Energy Group, Inc. He was serving as Vice President and Treasurer of Integrys, a position he had held since December 2010. From September 2008 until December 2010, Mr. Guc served as Vice President and Controller of Integrys Energy Services, Inc., a former nonregulated subsidiary of Integrys that sold electricity and natural gas in deregulated markets.

John Bergstrom

Mr. John F. Bergstrom is an Independent Director of Wisconsin Energy Corporation. 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, including several in WEC Energy Group utilities’ service territories. 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 large retailer and board member of other publicly traded companies, Mr. Bergstrom has a deep understanding of executive compensation matters and related governance practices, and is well qualified to provide perspective on customer focus and satisfaction which continue to be a primary focus of the Company. Mr. Bergstrom also provides the Board with insight gained from his over 30 years of service as a director on WEC Energy Group’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 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 20 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 large 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 WEC Energy Group’s Corporate Governance Committee and presiding independent director. Ms. Bowles’ past 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.

William Brodsky

Mr. William J. Brodsky is an Independent Director of the Company. Mr. Brodsky has nearly 40 years of experience with the financial markets and is recognized as a leading industry advocate in options market policy and regulation. Prior to joining the CBOE, he served for over 15 years at the Chicago Mercantile Exchange (CME) where he saw the launch of the CME Globex trading system. He served as Executive Vice President and Chief Operating Officer from 1982 to 1985 and as President and Chief Executive Officer from 1982 to 1997. Earlier in his career, Mr. Brodsky was the head of options trading at the American Stock Exchange (AMEX) where he served as Executive Vice President for operations from 1979 to 1982. He began his career as an attorney with a securities brokerage and investment banking firm. Because of his career and experience, Mr. Brodsky brings significant knowledge and expertise about the financial markets to the Board and Finance Committee. Mr. Brodsky’s extensive knowledge of the challenges and issues facing a public company doing business in Illinois is of great value to the Board, as is his experience related to mergers and acquisitions in the utility industry having served as a Director of Peoples Energy Corporation and Integrys Energy Group. Mr. Brodsky’s extensive past and present experience serving on the boards of numerous highly visible not-for-profit entities adds to his ability to provide strong oversight of board matters.

Albert Budney

Mr. Albert J. Budney is Director of the Company. Mr. Budney has over 40 years of utility experience having held senior leadership positions at Niagara Mohawk Power Corporation, UtiliCorp United, Inc., and Missouri Public Service Company. He brings experience in mergers and acquisitions in the utility industry having served as a director of Niagara Mohawk Holdings when it was acquired by National Grid, as well as WPS Resources Corporation, which purchased Peoples Energy Corporation, and became Integrys Energy Group. This experience is of great value to the Board following WEC Energy Group’s 2015 acquisition of Integrys Energy Group. Mr. Budney also has an in-depth knowledge of Integrys’ operating subsidiaries. Mr. Budney holds both a bachelor of science in engineering from Princeton University and a master of business administration from Harvard Business School which provides a strong foundation for critical analysis and input on strategic matters. Mr. Budney provides the Board with a wide range of knowledge and experience in board governance and corporate management and development matters, having served as Chief Executive Officer of Opinac N.A., the entity which housed Canadian Niagara Power and Plum Street Enterprises, on both of which company boards he also served. In addition, Mr. Budney was a board member of Utilities Mutual Insurance Company, and served as Lead Director of the Integrys Energy Group Board of Directors. Mr. Budney was also Chair of the Corporate Governance Committee at Integrys.

Patricia Chadwick

Ms. Patricia W. Chadwick is an 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 the Nominating and Governance Committee. She is also the Chair of the International Balanced Bond Fixed Income Committee at VOYA Mutual Funds and serves on the Audit Committee for The Royce Funds and Finance Committee for AMICA. Ms. Chadwick’s career and experience allow her to provide needed advice and insight to the Board on the capital markets. This perspective is valuable to WEC Energy Group and its subsidiaries, which operate in a capital-intensive industry and must consistently access the capital markets. In addition, Ms. Chadwick’s service on the Board of AMICA has provided her with experience in dealing with insurance risk management issues.

Curt Culver

Mr. Curt S. Culver is an Independent Director of Wisconsin Energy Corporation. Mr. Culver’s past and present experience as Chairman and CEO of MGIC, which is headquartered in Milwaukee, Wisconsin, not only provides the Board with expertise in the financial markets and risk assessment and management, but also knowledge of the challenges and issues facing a public company headquartered in the same city as the Company. In addition, with his experience in the insurance industry, Mr. Culver is in a position to advise the Finance Committee on the Company’s insurance program and its effect on overall risk management. Mr. Culver’s extensive past and present experience serving on the boards of numerous Milwaukee-area non-profit entities and two private, regional for-profit entities adds to his ability to provide strong oversight of board matters.

Thomas Fischer

Dr. Thomas J. Fischer is 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, a large, international independent public accounting firm, for 33 years, the last 22 as a partner responsible for services provided to large, complex public and private companies and several public utility audits. Combined with Mr. Fischer’s service as a director and member of the audit committees of three other Wisconsin-based public companies, Mr. Fischer provides the Board with a deep understanding of corporate governance issues, accounting and auditing matters, including financial reporting and regulatory compliance, and risk assessment and management. In light of this extensive experience, he is Chair of the Audit and Oversight Committee.

Paul Jones

Mr. Paul W. Jones is an Independent Director of the Company. Mr. Jones has extensive executive experience having served in leadership roles at A.O. Smith Corporation, including Executive Chairman from 2013 through April 2014, Chairman of the Board and Chief Executive Officer from 2011 to 2012, Chairman of the Board, President and Chief Executive Officer from 2005 to 2011, and President and Chief Operating Officer from 2004 to 2005. Mr. Jones also serves as Non-Executive Chairman of Rexnord Corporation, a leading worldwide industrial company with strategic businesses in process and motion control and in water management. His experience and insights with respect to retail and large industrial customers make him well qualified to provide perspective on customer satisfaction, a key performance metric of the Company. A.O. Smith Corporation and Rexnord are headquartered in Milwaukee, Wisconsin, providing Mr. Jones with a deep knowledge of the challenges and issues facing a public company headquartered in the same city as WEC Energy Group. Mr. Jones currently serves as the chairman of the Nominating and Governance Committee at Federal Signal Corporation, and previously served as the chairman of the Finance Committee and as a member of the Audit Committee of the Integrys Energy Group Board, committee experience that provides added perspectives on governance and financial initiatives following WEC Energy Group’s acquisition of Integrys in June 2015. Mr. Jones also has an in-depth knowledge of Integrys’ operating subsidiaries. Mr. Jones’ extensive experience serving on the boards of several regionally located non-profit entities adds to his ability to provide appropriate oversight of board matters and to understand local issues and concerns.

Henry Knueppel

Mr. Henry W. Knueppel is Independent Director of Wisconsin Energy Corporation., effective February 1, 2013. Prior to serving as Chief Executive Officer and Chairman of the Board, Mr. Knueppel held several leadership positions at Regal Beloit Corporation and had more than 30 years of senior management experience at the company. Mr. Knueppel’s years of service with Regal Beloit Corporation, a Wisconsin-based manufacturer of electrical motors, mechanical and electrical motion controls, and power generation products, provides him with knowledge of equipment used in the Company’s business. Mr. Knueppel serves on the Boards of Directors of large publicly-traded industrial companies. With his combined experience, Mr. Knueppel is well qualified to provide perspective on the issues facing the Company’s large commercial and industrial customers. In addition, Mr. Knueppel’s service on Harsco’s audit committee has provided him with experience to advise our Audit Committee on accounting and auditing oversight matters, and his service on Snap-on’s corporate governance committee provides our Corporate Governance Committee with a wide range of knowledge and experience in board governance and corporate management matters.

Ulice Payne

Mr. Ulice Payne Jr., is an Independent Director of Wisconsin Energy Corporation. Mr. Payne has extensive 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. Therefore, Mr. Payne is well positioned to provide the Board with perspective on the issues and challenges affecting the Milwaukee region as well as a broad spectrum of the Company’s customers. Mr. Payne presently advises on global trade compliance as Managing Member of Addison-Clifton, LLC, where Mr. Payne consistently deals with public policy and compliance matters, experience he brings to the Board. In addition, Mr. Payne’s past and present directorship experience on the boards of several public corporations includes service as a member of either the audit or finance committee at each of these companies, which is beneficial to the Board.

Mary Stanek

Ms. Mary Ellen Stanek is an Independent Director of Wisconsin Energy Corporation. Ms. Stanek, who is a Chartered Financial Analyst, has over 35 years of investment management experience and is currently responsible for the development and portfolio management of all fixed income proprietary asset management services for Baird Financial Group. Ms. Stanek co-manages several fixed income mutual funds as well as a number of taxable and tax-exempt portfolios. In addition, Ms. Stanek is also a director of Baird Financial Group. Because of her career and experience, Ms. Stanek brings significant knowledge and financial expertise about the financial markets to the Board and Finance Committee. In particular, Ms. Stanek’s focus on fixed income investments is valuable because WEC Energy Group and its subsidiaries customarily issue debt securities as a means of raising capital. In addition, Ms. Stanek brings experience in dealing with insurance risk management issues through her service as a director of West Bend Mutual Insurance Company from 1999 until 2014. Ms. Stanek’s past and present experience serving on the boards of numerous Milwaukee-area non-profit institutions provides her with a good understanding of the issues and challenges that impact the Milwaukee region.

Colleen Henderson