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Posted 21 January, 2022

WEC ENERGY GROUP, INC. appointed new CEO

CEO Change detected for ticker NYSE:WEC in a 8-K filed on 21 January, 2022.


  On January 20, 2022, J. Kevin Fletcher informed WEC Energy Group, Inc.'s Board of Directors (the "Board") that, in connection with his retirement in June 2022 and his transition to Senior Adviser on February 1, 2022, he would be resigning from the Board effective February 1, 2022. The Board elected Scott J. Lauber, who will assume the roles of President and Chief Executive Officer of WEC Energy Group effective February 1, 2022, as a director to fill the vacancy created by Mr. Fletcher's resignation.  

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Overview of WEC ENERGY GROUP, INC.
Companies on the Energy Service • Multiutilities
WEC Energy Group, Inc. is a holding company, which engages in the generation and distribution of electricity and natural gas. It operates through the following segments: Wisconsin, Illinois, Other States, Electric Transmission, Non-Utility Energy Infrastructure and Corporate & Other. The Wisconsin segment refers to the electric and gas utility operations. The Illinois segment deals with natural gas utility and non-utility activities. The Other States segment pertains to natural gas operations of the firm's subsidiaries. The Electric Transmission segment holds interests in state regulatory commissions. The Non-Utility Energy Infrastructure segment includes Wisconsin Electric Power, which owns and leases generating facilities. The Corporate and Other segment refers to the firm's administrative and holding activities. The company was founded in 1981 and is headquartered in Milwaukee, WI.
Market Cap
$33.2B
View Company Details
WEC ENERGY GROUP, INC. by TradingView
Relevant filing section
ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.


On January 20, 2022, J. Kevin Fletcher informed WEC Energy Group, Inc.'s Board of Directors (the "Board") that, in connection with his retirement in June 2022 and his transition to Senior Adviser on February 1, 2022, he would be resigning from the Board effective February 1, 2022. The Board elected Scott J. Lauber, who will assume the roles of President and Chief Executive Officer of WEC Energy Group effective February 1, 2022, as a director to fill the vacancy created by Mr. Fletcher's resignation.


Mr. Lauber is not entitled to any additional compensation for his role as a director.


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