Michael J. Hanson is the Chief Executive Officer of NorthWestern Energy Group, a role he has held since 2005. Before taking the helm at NorthWestern, he built his career in management, starting with Northern States Power Company where he served...

Current Market Cap

$3.32B

Number of Employees

1.57K

Total Compensation

2006 - 2008

Trending up by 133.15% last year
Showing total compensation for the last 2006 - 2008

Stock

Up by 0.00% last year

Salary

Down by -31.91% last year

Bonus

Up by 0.00% last year

Other

Up by 1043.69% last year

Year

2008

Total Compensation

$1.34M

Salary

$355.18K

Board Justification

The compensation philosophy aims to align executive compensation with company performance and market benchmarks, ensuring competitive pay to attract and retain talent.

Bonus

$210.83K

Board Justification

The bonus was calculated based on the annual incentive plan, reflecting a performance multiplier of 100% for 2008.

Other

$608.16K

Board Justification

Other compensation includes a severance payment of $536,900, a pro-rata annual short-term incentive bonus of $210,825, and other benefits.

Restricted Stock

$165.99K(6.41K common stock)

Board Justification

The stock that vested in 2008 was part of the long-term incentive plan, with shares vesting on August 28, 2008, due to termination.

Performance Metrics

Performance metrics for 2008 included financial targets based on net income and operational targets related to reliability, customer satisfaction, and safety.

SEC Filing

From March 9, 2009

Michael J. Hanson

Ex-CEO of NorthWestern Energy Group, Inc.

MJ

Education

Not specified

Field of Expertise

Business & Management

Born

January 1, 1959 - 65 years ago

Is Founder?

No

Tenure

3 years 2 months (May 2005 - Aug 2008)

Previous Experience

President and Chief Executive Officer of the Company’s utility division until 2003; Chief Operating Officer since 2003.