Robert C. Rowe served as the President and CEO of NorthWestern Energy from 2008 until the end of 2022, marking 14 years at the helm of the company. With a background in regulatory affairs and a history of leadership roles,...

Current Market Cap

$3.46B

Number of Employees

1.57K

Total Compensation

2018 - 2022

Trending down by -50.78% last year
Showing total compensation for the last 2018 - 2022

Stock

Down by -82.99% last year

Salary

Up by 2.60% last year

Bonus

Up by 0.00% last year

Other

Up by 5.04% last year

Year

2022

Total Compensation

$976.18K

Salary

$691.67K

Board Justification

The compensation philosophy is designed to align the interests of shareholders, customers, employees, and regulators, providing competitive pay that reflects performance in achieving financial and non-financial operating objectives.

Bonus

$0.00

Board Justification

No bonus was awarded in 2022 as the performance targets were not met due to the financial results being impacted by the COVID-19 pandemic.

Other

$73.79K

Board Justification

This includes health benefits, life insurance, and other compensation that is generally available to all employees.

Restricted Stock

$210.72K(35.51K RSU)

Board Justification

The total value of stock awards that vested in 2022, including LTIP and ERRP awards, based on performance metrics achieved.

Performance Metrics

The performance metrics for 2022 included targets for net income, reliability, and customer satisfaction.

SEC Filing

From March 14, 2023

Robert C. Rowe

Founder and Ex-CEO of NorthWestern Energy Group, Inc.

RC

Education

Not specified

Field of Expertise

Legal & Compliance - Regulatory

Born

January 1, 1955 - 69 years ago

Is Founder?

Yes

Tenure

14 years 4 months (Aug 2008 - Dec 2022)

Previous Experience

Co-founder and senior partner at Balhoff, Rowe & Williams, LLC; Chairman and Commissioner of the Montana Public Service Commission (1993-2004).