MINNEAPOLIS–(BUSINESS WIRE)–Xcel Energy today named Todd Wehner as the company’s treasurer and vice president. Paul Johnson will continue to serve the company as vice president, treasury and investor relations.
“Todd is a proven financial leader who has demonstrated an ability to identify opportunities, develop strategies and deliver results,” said Bob Frenzel, Xcel Energy’s chairman, president and CEO. “His extensive treasury and utility experience, as well as previous experience in strategic management and capital markets, will serve Xcel Energy’s customers well.”
In his role, Wehner will ensure Xcel Energy’s financial stability and success by managing the funding of the company’s capital investment, as well as managing the cash function, insurance process, investment activities, capital structure and providing support in regulatory proceedings. The company’s ability to cost-effectively raise capital for its grid and energy investments will benefit its customers with long-term, lower cost energy.
“Xcel Energy is at the forefront of leading a clean energy transition, and I see an exciting opportunity to work within the complexity of its multiple operating companies across diverse states,” Wehner said. “My father was a career lineworker who strove to deliver electricity to customers despite inclement weather and adverse operating conditions. I have always seen a career in the utility sector as a noble undertaking that serves our communities with the energy they depend on.”
Most recently, Wehner served as assistant treasurer at Michigan-based CMS Energy. While there, he optimized the company’s capital structure and relationship with equity and debt providers and credit rating agencies. He previously held investment banking roles at Morgan Stanley and Barclays focused on the global utilities and chemicals industries. Wehner began his career serving as a U.S. Air Force officer, flight test engineer and project manager, both domestically and in Iraq.
Wehner has earned master’s degrees from the University of Michigan in both sustainable systems and in business administration, as well as bachelor of science degrees from Michigan Technological University in electrical engineering and mechanical engineering.
About Xcel Energy
Xcel Energy (NASDAQ: XEL) provides the energy that powers millions of homes and businesses across eight Western and Midwestern states. Headquartered in Minneapolis, the company is an industry leader in responsibly reducing carbon emissions and producing and delivering clean energy solutions from a variety of renewable sources at competitive prices. For more information, visit xcelenergy.com or follow us on X and Facebook.
Contacts
Xcel Energy Media Relations
414 Nicollet Mall, 401-7
Minneapolis, MN 55401
612-215-5300
