Edition:
United States

MGE Energy Inc (MGEE.OQ)

MGEE.OQ on NASDAQ Stock Exchange Global Select Market

59.00USD
4:00pm EDT
Change (% chg)

$0.65 (+1.11%)
Prev Close
$58.35
Open
$58.35
Day's High
$59.10
Day's Low
$58.30
Volume
12,784
Avg. Vol
35,111
52-wk High
$68.65
52-wk Low
$51.10

Summary

Name Age Since Current Position

Gary Wolter

63 2017 Chairman of the Board

Jeffrey Keebler

46 2017 President, Chief Executive Officer, Director

Jeffrey Newman

55 2017 Chief Financial Officer, Executive Vice President, Treasurer, Secretary

Craig Fenrick

58 2017 Executive Vice President - Energy Operations

Lynn Hobbie

59 2017 Executive Vice President – Marketing and Communications

Cari Renlund

44 2015 Vice President, General Counsel

Regina Millner

73 2010 Lead Independent Director

Thomas Stolper

69 2008 Director

Marcia Anderson

60 2018 Independent Director

James Berbee

54 2018 Independent Director

Mark Bugher

69 2010 Independent Director

Londa Dewey

57 2008 Independent Director

F. Curtis Hastings

72 1999 Independent Director

James Possin

66 2009 Independent Director

Biographies

Name Description

Gary Wolter

Mr. Gary J. Wolter is Chairman of the Board of the Company, since March 1, 2017. Director Wolter was our Chairman, President and Chief Executive Officer until March 1, 2017. He had been an officer since 1989 and an employee since 1984. Director Wolter is an attorney and has been involved in the public utility business for more than 30 years. His experience with the Company, including its overall management and operations, is important as the Company transitions to new senior management. Director Wolter holds the following directorships: director of American Transmission Company and ATC Holdco, chair of the Board of Authority at University of Wisconsin Hospitals and Clinics, and director of National Guardian Life Insurance Company.

Jeffrey Keebler

Mr. Jeffrey M. Keebler serves as President, Chief Executive Officer and Director of the Company, since March 1, 2017. He was Senior Vice President - Energy Supply and Planning of Madison Gas and Electric Company, a position he has held since July 2015. Prior thereto, he was Assistant Vice President - Energy Supply and Customer Service, a position he held since January 2012. Director Keebler has been employed at Madison Gas and Electric Company since 1995. Director Keebler has a Master of Business Administration and has been involved in the public utility business for more than 20 years. His leadership experience and his knowledge of public utility operations bring an important perspective to our board. Director Keebler is a director of the University of Wisconsin Research Park and United Way of Dane County.

Jeffrey Newman

Mr. Jeffrey C. Newman is Chief Financial Officer, Executive Vice President, Treasurer, Secretary of MGE Energy, Inc. He served as Vice President and Treasurer of the Company and its subsidiary, Madison Gas and Electric Company, which are positions he has held since January 1, 2001. He has 11 years of service as an officer.

Craig Fenrick

Mr. Craig A. Fenrick is Executive Vice President - Energy Operations of MGE ENERGY, INC. He was Vice President - Energy Delivery. He is also responsible for Energy Production. Mr. Fenrick has been employed by MGE for approximately 33 years and has served as an Assistant Vice President since 2006 and a Vice President since 2012, where Mr. Fenrick has been responsible for Electric Transmission and Distribution and more recently Gas Operations.

Lynn Hobbie

Ms. Lynn K. Hobbie is Executive Vice President – Marketing and Communications of MGE ENERGY, INC. She previously Senior Vice President – Marketing and Communications.

Cari Renlund

Ms. Cari Anne Renlund is Vice President, General Counsel of the Company. Dewitt Ross & Stevens S.C. (law firm) – Partner

Regina Millner

Ms. Regina M. Millner is Lead Independent Director of the Company. She retired as President of RMM Enterprises, Inc., a consulting firm that specialized in complex real estate projects and where she provided various legal, consulting, and brokerage services for private clients and governmental agencies. She is an attorney and has worked as an analyst and broker in commercial real estate for more than 36 years. We believe Director Millner's analytical and financial skills that have been applied to commercial real estate, including the analysis of general market conditions, local and regional community and business trends, market risks and opportunities, and financial returns, are valuable to the board in its consideration of general economic conditions in our service area and the consideration and evaluation of risks and opportunities in our business. Director Millner has served on our board for 20 years and has significant experience with our Company and its operations. She serves as our Lead Independent Director, as described below under "Board of Directors Information - Board Leadership Structure." Director Millner holds the following directorships: University of Wisconsin Research Park, Board of Authority at University of Wisconsin Hospitals and Clinics and board of regents for University of Wisconsin System Administration.

Thomas Stolper

Mr. Thomas R. Stolper serves as Director of the Company. He has been a management consultant for Purple Cow Organics (manufacturer of premium compost) and Deibel Laboratories (food quality assurance) for the past six years and a former Executive Vice President and director of ProActive Solutions USA LLC, a manufacturer of cleaning and sanitizing products, for 14 years. He is a certified public accountant with over 40 years in public accounting. He was a partner in Clifton Gunderson LLP, certified public accountants and consultants, for 31 years. Director Stolper provided auditing, tax, and financial services and advice for a broad array of business entities. In addition, he was an elected member of the firm's national board for 12 years. Director Stolper has served on numerous community and civic boards for more than 30 years, including three terms as an elected public official. We believe Director Stolper's accounting, tax, and auditing education and experience, as well as his business experience, assist our board in the review of accounting and financial reporting matters and proposed strategic plans and initiatives. Director Stolper's entrepreneurial experience from co-founding TRAC Microbiology Inc. provides the board with unique innovative insights in developing our strategic plan.

Marcia Anderson

Ms. Marcia M. Anderson is Independent Director of the Company. She has a Juris Doctor from Rutgers University School of Law and a Master of Strategic Studies from the U.S. Army War College. She is currently the clerk of court of the Bankruptcy Court for the Western District of Wisconsin. Director Anderson retired from the Army in May 2016 with a rank of Major General. In addition to her legal and military experience, she worked for General Public Utilities Corporation early in her career. Director Anderson's skills and industry experience will be a valuable asset to our board in setting strategic vision and assessing future risks for our Company. Director Anderson currently serves on the board of directors for the Green Bay Packers.

James Berbee

Mr. James G. Berbee is Independent Director of the Company. He has a Master of Science in mechanical engineering and a Master of Business Administration from the University of Wisconsin. He was Chairman and CEO of Berbee Information Networks Corporation, which provided information technology support for large businesses. After selling Berbee Information Networks Corporation, he attended medical school and graduated from Stanford University School of Medicine. Director Berbee currently is an emergency department physician. Director Berbee also is the incoming chair of the Wisconsin Alumni Research Foundation and holds several patents. Director Berbee brings a wide range of skills and experience to the board, in particular with his accomplishments in the information technology sector. His knowledge of the information technology industry will assist in our board's oversight and evaluation of technological change and innovation within our industry as well as cybersecurity and related risks.

Mark Bugher

Mr. Mark D. Bugher is Independent Director of the Company. He is the retired Director of the University Research Park, University of Wisconsin-Madison, a position he held for 15 years. Prior to joining the Research Park, he served the State of Wisconsin as Secretary of Administration from 1996 to 1999 and as Secretary of Revenue from 1988 to 1996. Director Bugher serves on the board of First Business Financial Services, Inc., as a member of the corporate governance and chairs the compensation committee. Director Bugher chairs the Board of Marshfield Clinic Health System, a $2 billion multispecialty health care system. He is a recognized leader in the Madison business community and brings an understanding of the business environment and economy within our service area. As a result of his governmental service, Director Bugher has insights into public policies, priorities, and objectives that assist our board in evaluating longer-range trends that may affect the community we serve and our business. His experience at the University Research Park will assist with fiscal and strategic matters as well as with the evaluation of technology trends and developments that may affect the generation and distribution of electricity and the distribution of gas.

Londa Dewey

Ms. Londa J. Dewey is Independent Director of the Company. Ms. Dewey is President of QTI Management Services, Inc., d/b/a The QTI Group, a human resources and staffing company, which she has held since 2007. Prior thereto, she was President of the Private Client Group and Market President at U.S. Bank where she was an employee from 1982 to 2007 and an Officer from 1985 to 2007. We believe Director Dewey's experience with financial analysis, investment management and risk assessment, and management in the banking industry provides our board with valuable input on the identification, evaluation, and assessment of financial and general business risks; the evaluation of strategies to address those risks; and the implementation of our business strategy. We also believe Director Dewey's experience with human resource matters and knowledge of the local labor market are valuable resources in assessing our Company's employment policies and practices. Director Dewey holds the following directorships: American Family Insurance; past Chair of the Board, Meriter Health Services, Inc., and Meriter Hospital; Chair and Board Member, Edgewood College; director, University of Wisconsin Family Business Advisory Board; past Chair of the Board, United Way of Dane County Board and Foundation Board; and Director, Wealth Management Company, Northwestern Mutual Life Insurance.

F. Curtis Hastings

Mr. F. Curtis Hastings is Independent Director of the Company. He is the retired Chairman of J. H. Findorff & Son, Inc., a large commercial and industrial construction general contractor and design builder, with which he had been associated for more than 39 years. We believe Director Hastings' experience with the management and oversight of a large company brings an important perspective to our board in its oversight of our operations. His particular knowledge of the construction industry assists our board in its understanding and oversight of the various significant construction projects we have undertaken over the past several years with respect to power plant construction, wind farm construction, environmental control projects, and the general construction activities that constitute a recurring part of an electric and gas utility's operations. He is familiar with the management and control of large projects, cost control, and schedule management. Director Hastings is a director of National Guardian Life Insurance Co., a position he has held since 1981.

James Possin

Mr. James L. Possin is Independent Director of the Company. He is a tax consultant with James L. Possin CPA, LLC. In 1976, Director Possin started working at Grant Thornton LLP, a registered public accounting firm. From 1990 to 2007, he was a partner where he advised on tax- and financial-related matters. Director Possin is a certified public accountant and holds degrees in accounting and law from the University of Wisconsin-Madison. Director Possin also serves on the Audit/Finance Committee of Oakwood Lutheran Homes Association, Inc. We believe Director Possin's background and current accounting and tax employment adds valuable accounting, tax, and financial reporting experience to our board. We believe his experience and familiarity with financial reporting principles and requirements will assist in our board's oversight of financial reporting and tax matters as well as the identification and management of financial risk exposures.

Basic Compensation

Name Fiscal Year Total

Gary Wolter

2,407,460

Jeffrey Keebler

1,558,940

Jeffrey Newman

1,287,630

Craig Fenrick

1,139,520

Lynn Hobbie

1,200,800

Cari Renlund

539,633

Regina Millner

126,146

Thomas Stolper

110,646

Marcia Anderson

--

James Berbee

--

Mark Bugher

112,146

Londa Dewey

113,646

F. Curtis Hastings

113,646

James Possin

126,146
As Of  30 Dec 2017