Xcel Energy CEO Ben Fowke's 2019 pay jumps 39% to $17M
Xcel Energy reports 2019 executive compensation
By ExecPay News
Published: April 8, 2020
Xcel Energy reported fiscal year 2019 executive compensation information on April 8, 2020.
In 2019, six executives at Xcel Energy received on average a compensation package of $5.2M, a 7% increase compared to previous year.
Average pay of disclosed executives at Xcel Energy
Ben Fowke, Chief Executive Officer, received $17M in total, which increased by 39% compared to 2018. 46% of Fowke's compensation, or $7.8M, was in stock awards. Fowke also received $4.9M of change in pension value and nonqualified deferred compensation earnings, $2.8M in non-equity incentive plan, $1.4M in salary, as well as $65K in other compensation.
For fiscal year 2019, the median employee pay was $113,022 at Xcel Energy. Therefore, the ratio of Ben Fowke's pay to the median employee pay was 150 to one.
Kent Larson, Executive Vice President and Group President, Operations, received a compensation package of $3.2M, which increased by 18% compared to previous year. 39% of the compensation package, or $1.3M, was in stock awards.
Robert Frenzel, Chief Operating Officer, earned $3.1M in 2019, which is about the same as previous year.
Bob Frenzel, Chief Executive Officer, received $3.1M in 2019.
Brett Carter, Executive Vice President, Chief Customer and Innovation Officer, earned $2.6M in 2019, a 38% decrease compared to previous year.
Scott Wilensky, General Counsel, received $2.4M in 2019, which increases by 8% compared to 2018.
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
Bob Frenzel
Xcel Energy
Chief Executive Officer
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Source: SEC filing on April 8, 2020.