Xcel Energy CEO Ben Fowke's 2020 pay slips 1% to $17M
Xcel Energy reports 2020 executive compensation
By ExecPay News
Published: April 6, 2021
Xcel Energy reported fiscal year 2020 executive compensation information on April 6, 2021.
In 2020, eight executives at Xcel Energy received on average a compensation package of $4.7M, a 10% decrease compared to previous year.
Average pay of disclosed executives at Xcel Energy
Ben Fowke, Chief Executive Officer, received $17M in total, which decreased by 1% compared to 2019. 51% of Fowke's compensation, or $8.5M, was in stock awards. Fowke also received $4.4M of change in pension value and nonqualified deferred compensation earnings, $2.4M in non-equity incentive plan, $1.4M in salary, as well as $118K in other compensation.
For fiscal year 2020, the median employee pay was $120,597 at Xcel Energy. Therefore, the ratio of Ben Fowke's pay to the median employee pay was 139 to one.
Robert Frenzel, Chief Operating Officer, received a compensation package of $4.1M, which increased by 31% compared to previous year. 54% of the compensation package, or $2.2M, was in stock awards.
Bob Frenzel, Chief Executive Officer, earned $4.1M in 2020, a 31% increase compared to previous year.
Kent Larson, Former Executive Vice President and Group President, Operations, received $3.6M in 2020, which increases by 12% compared to 2019.
Brian Van Abel, Chief Financial Officer, earned $2.5M in 2020.
Timothy O'Connor, Executive Vice President, Chief Generating Officer, received $2.5M in 2020.
Brett Carter, Executive Vice President, Chief Customer and Innovation Officer, earned $2.3M in 2020, a 11% decrease compared to previous year.
Amanda Rome, General Counsel, received $1.8M in 2020.
Related executives
Ben Fowke
Xcel Energy
Chief Executive Officer
Brian Van Abel
Xcel Energy
Chief Financial Officer
Robert Frenzel
Xcel Energy
Chief Operating Officer
Brett Carter
Xcel Energy
Executive Vice President, Group President, Utilities and Chief Customer Officer
Timothy O'Connor
Xcel Energy
Executive Vice President, Chief Operations Officer
Amanda Rome
Xcel Energy
Executive Vice President, Chief Legal and Compliance Officer
Kent Larson
Xcel Energy
Former Executive Vice President and Group President, Operations
Bob Frenzel
Xcel Energy
Chief Executive Officer
You may also like
Source: SEC filing on April 6, 2021.