Xcel Energy Executive Vice President and Chief Financial Officer Teresa S. Madden to Retire
Xcel Energy Inc. (NYSE:XEL) today announced that Teresa S. Madden will
retire during the second quarter, 2016. Madden, 59, has been executive
vice president and chief financial officer for Xcel Energy Inc. and its
subsidiaries since September 2011. Over her 36-year career, Madden has
held a variety of roles, including controller and vice president of
finance for Customer and Field Operations for Xcel Energy and its
predecessor companies.
“Teresa has been a great asset to Xcel Energy and she leaves the company
in a strong position,” said Ben Fowke, chairman, president, and CEO.
“Over her tenure as CFO, we built a strong balance sheet, always met or
exceeded our earnings guidance, and increased our market capitalization
by $7.8 billion. As a result, we have a tremendous platform for
continued growth, positioning us well for the future. I am grateful for
her many contributions and leadership in making Xcel Energy what it is
today.”
“I am proud to have played a role in Xcel Energy’s success,” said
Madden. “Discipline and focus are the hallmarks of our investment
strategy, and we deliver great value for our investors while keeping
prices affordable for customers. I am proud of that track record and
grateful for the opportunities I have had to grow professionally in the
ever-changing energy industry.”
“Xcel Energy is in a great position for continued success,” Madden
continued. “I have personally benefited from the opportunity to mentor
women and develop new talent in the company. While I look forward to a
retirement filled with travel and time with family and friends, I take
with me a great deal of satisfaction for what we have accomplished.”
Xcel Energy has retained a firm to undertake a search for a successor
and will be considering both internal and external candidates. The
company expects an orderly transition to Madden’s successor.
Xcel Energy (NYSE: XEL) provides the energy that powers millions of
homes and businesses across eight Western and Midwestern states.
Headquartered in Minneapolis, the company is an industry leader in
responsibly reducing carbon emissions and producing and delivering clean
energy solutions from a variety of renewable sources at competitive
prices. For more information, visit www.xcelenergy.com
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Copyright Business Wire 2016
Source: Business Wire
(February 5, 2016 - 4:30 PM EST)
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