| CEO Name | Robert Frenzel |
| Nationality | United States |
| Net Worth Estimation | $35 million |
Robert Frenzel's estimated net worth of around $35 million stems from Xcel Energy executive compensation, including salary, bonuses, stock awards, and long-term incentive plans, alongside accumulated stock holdings and equity appreciation as CEO since 2021. SEC filings and financial disclosures report his share ownership and annual compensation packages, which contribute significantly to this valuation.
Robert Frenzel's estimated net worth of $35,000,000 represents 43.75% of the maximum ($80,000,000) and 350% of the minimum ($10,000,000) CEO net worth in the Utility business category. His wealth places him solidly within the mid-range among CEOs in this sector.
Business Category: Utility
Minimum Net Worth (estimation): 10000000 USD
Maximum Net Worth (estimation): 80000000 USD
Robert Frenzel Performance in Xcel Energy
Robert Frenzel, CEO of Xcel Energy, demonstrates strategic leadership and decisive decision-making focused on sustainable energy innovation and operational efficiency. Under his tenure, Xcel Energy has advanced the transition to renewable power sources while maintaining strong financial performance and customer satisfaction. Frenzel's impact is marked by accelerated clean energy initiatives and enhanced shareholder value, positioning the company as a leader in the utility industry.
Latest News
Xcel Energy CEO Bob Frenzel Leads Expansion and Sustainability Efforts
Bob Frenzel has served as Xcel Energy's CEO since 2021, steering the company through a strategic focus on innovation, customer experience, and a commitment to a carbon-free electricity future with major investments in clean energy and battery storage projects. The company recently sought proposals to increase power generation capacity in Texas-New Mexico by over 2,000 megawatts and announced plans for the Upper Midwest's largest battery storage site, while reducing carbon emissions 57% below 2005 levels.
Source: http://newsroom.xcelenergy.com/news/xcel-energy-names-bob-frenzel-as-new-ceo-MCKLYE4UORPZDSDDMUWUBIM5J3BU