Xcel Energy Appoints Bob Frenzel As CEO

Xcel Energy Inc XEL has appointed Bob Frenzel as its president and CEO. The current chairman and CEO Ben Fowke to remain at Xcel Energy as executive chairman of the board.
Frenzel joined Xcel Energy as CFO in 2016. He was named president and chief operating officer in March 2020.
Additionally, the company named Tim O'Connor as the executive vice president and chief operations officer. He has served as Xcel Energy's EVP and chief generation officer since 2020.
Price Action: XEL shares traded higher by 1.00% at $70.03 on Thursday.