Sundar PichaiSundar Pichai earned $164M in 2023

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...

Quick Links
N

Michael J. Hanson

Ex-CEO of NorthWestern Energy Group, Inc.

Education

Not specified

Field of Expertise

Business & Management

Sector of Economy

Utilities

Born

January 1, 1959 - 66 years ago

CEO of NorthWestern Energy Group, Inc. for

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.

Holdings

See how much did Michael J. Hanson make over time.

Michael J. Hanson’s stock holdings in NorthWestern Energy reflect the ups and downs of his tenure. Initially, he held about 13,146 shares when he became CEO, but as of late, this number has dipped to approximately 8,000 shares. This drop...

Loading...

Insider Trading

See recent insider trades of Michael J. Hanson.

No insider trades found for this CEO.

Compensation History

See how much did Michael J. Hanson make over time.

Michael J. Hanson's compensation has varied significantly during his time as CEO of NorthWestern Energy. In 2008, he earned about $1,026,000, comprised of a salary of $355,180, a bonus of $210,825, and other compensation that included a severance payment of over $500,000. However, this high compensation was not consistent yearly; in fact, it dipped to around $574,810 in 2007. The fluctuations reflect the challenges faced at NorthWestern, including the company's recovery from bankruptcy. His pay structure emphasizes performance, aligning his financial incentives with the company's growth and profitability. This model reflects the industry's competitive nature and the need to retain talent while also encouraging results and accountability.

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.

Other NorthWestern Energy Group, Inc. CEOs

Here are other CEOs of NorthWestern Energy Group, Inc.