Robert C. Frenzel, born in 1970, is the CEO of Xcel Energy, leading the company since August 2021. With a Bachelor of Science in Business Administration from the University of Minnesota, he has a solid foundation in finance. Before becoming...
Robert C. Frenzel, born in 1970, is the CEO of Xcel Energy, leading the company since August 2021. With a Bachelor of Science in Business Administration from the University of Minnesota, he has a solid foundation in finance. Before becoming CEO, Frenzel was Xcel Energy's President and Chief Operating Officer, indicating his deep involvement in the company's operations and strategy. Under his leadership, Xcel has placed a strong focus on performance metrics like reducing carbon emissions and improving customer satisfaction. In 2023, his total compensation was noted at over $21 million, a significant jump from 2022's approximately $10 million. Frenzel has actively engaged in insider trading over the years, with notable trades reaching as high as $16.94 million in December 2023. This active involvement in stock activity alongside his leadership role reflects a hands-on approach to aligning personal and shareholder interests. His work at Xcel is not only about profits but also about leading the charge towards sustainable energy solutions, showcasing a commitment to both business performance and environmental responsibility.