Allen L. Leverett served as the CEO of WEC Energy Group from 2016 to 2018, after being President since 2013. His journey to the top began after he joined the company in 2003 as Chief Financial Officer. Leverett was responsible...
Allen L. Leverett served as the CEO of WEC Energy Group from 2016 to 2018, after being President since 2013. His journey to the top began after he joined the company in 2003 as Chief Financial Officer. Leverett was responsible for the company's power generation operations and played a crucial role in managing significant changes during his tenure, including the merger with Integrys Energy Group in 2015. However, his career faced a major challenge when he suffered a stroke in late 2017, which forced him to take medical leave. He resigned as President in 2018 but continued serving on the board. Despite these challenges, Leverett's leadership helped the company navigate through a rapidly changing energy landscape. His compensation varied widely, peaking at nearly $13.4 million in 2017, showcasing the ups and downs of performance-based pay. Additionally, his involvement in insider trading showed fluctuations in his stock holdings, which reached values over $17 million at their peak in early 2022.