Xcel Energy CEO Ben Fowke's 2018 pay slips 4% to $12M
Xcel Energy reports 2018 executive compensation
By ExecPay News
Published: April 1, 2019
Xcel Energy reported fiscal year 2018 executive compensation information on April 1, 2019.
In 2018, five executives at Xcel Energy received on average a compensation package of $4.9M, a 6% increase compared to previous year.
Average pay of disclosed executives at Xcel Energy
Ben Fowke, Chief Executive Officer, received $12M in total, which decreased by 4% compared to 2017. 59% of Fowke's compensation, or $7.1M, was in stock awards. Fowke also received $830K of change in pension value and nonqualified deferred compensation earnings, $2.9M in non-equity incentive plan, $1.3M in salary, as well as $59K in other compensation.
For fiscal year 2018, the median employee pay was $108,946 at Xcel Energy. Therefore, the ratio of Ben Fowke's pay to the median employee pay was 112 to one.
Brett Carter, Executive Vice President, Chief Customer and Innovation Officer, received a compensation package of $4.2M. 70% of the compensation package, or $2.9M, was in stock awards.
Robert Frenzel, Chief Financial Officer, earned $3.1M in 2018, a 13% increase compared to previous year.
Kent Larson, Executive Vice President and Group President, Operations, received $2.7M in 2018, which decreases by 2% compared to 2017.
Scott Wilensky, General Counsel, earned $2.2M in 2018, a 11% increase compared to previous year.
Related executives
Ben Fowke
Xcel Energy
Chief Executive Officer
Robert Frenzel
Xcel Energy
Chief Operating Officer
Brett Carter
Xcel Energy
Executive Vice President, Group President, Utilities and Chief Customer Officer
Kent Larson
Xcel Energy
Former Executive Vice President and Group President, Operations
Scott Wilensky
Xcel Energy
General Counsel
You may also like
Source: SEC filing on April 1, 2019.