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Posted 26 October, 2023

ALLIANT ENERGY CORP appointed Lisa M. Barton as new CEO

Nasdaq:LNT appointed new Chief Executive Officer Lisa M. Barton in a 8-K filed on 26 October, 2023.


  On October 26, 2023, Alliant Energy Corporation ("Alliant Energy") announced the appointment of Lisa M. Barton as President and Chief Executive Officer of Alliant Energy, effective January 1, 2024.  

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Overview of ALLIANT ENERGY CORP
Companies on the Energy Service • Electric Utilities
Alliant Energy Corp. engages in the provision of regulated electricity and natural gas service to natural gas customers in the Midwest through its two public utility subsidiaries. It operates through the Utility and ATC Holdings, Non-Utility, Parent, and Other segments. The Utility segment includes the operations of IPL and WPL, which primarily serve retail customers in Iowa and Wisconsin. The ATC Holdings, Non-Utility, Parent, and Other segment refers to the operations of AEF and its subsidiaries, Corporate Services, the Alliant Energy parent company, and any Alliant Energy parent company consolidating adjustments. The company was founded in 1981 and is headquartered in Madison, WI.
Market Cap
$12.4B
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ALLIANT ENERGY CORP 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 October 26, 2023, Alliant Energy Corporation ("Alliant Energy") announced the appointment of Lisa M. Barton as President and Chief Executive Officer of Alliant Energy, effective January 1, 2024. Ms. Barton will continue to serve as Chief Executive Officer of Interstate Power and Light Company ("IPL") and Wisconsin Power and Light Company ("WPL" and, together with Alliant Energy and IPL, the "Companies."). Ms. Barton was also appointed as a member of the Board of Directors of the Companies as of January 1, 2024. Also effective January 1, 2024, John O. Larsen, Alliant Energy's Board Chair and Chief Executive Officer, was elected Executive Chairman of the Companies and will remain an employee and member of the Board of Directors.


Ms. Barton, 58, has served as President and Chief Operating Officer of Alliant Energy, and Chief Executive Officer of IPL and WPL, since February 2023. Prior to joining Alliant Energy, Ms. Barton served as Executive Vice President and Chief Operating Officer of American Electric Power Company, Inc. ("AEP") from January 2021 to November 2022, Executive Vice President - Utilities of AEP from January 2020 to December 2020, and Executive Vice President - Transmission of AEP from 2011 to 2019. Ms. Barton will be a member of the 2024 class of directors and stand for election at the Alliant Energy 2024 Annual Meeting of Shareowners. Ms. Barton will serve as a member of the Equity Awards Committee.


Since February 2023, Mr. Larsen has been Board Chair and Chief Executive Officer of Alliant Energy and Board Chair of IPL and WPL. Mr. Larsen served as Board Chair, President and Chief Executive Officer of Alliant Energy and Board Chair and Chief Executive Officer of IPL and WPL from July 2019 to February 2023.


In connection with Ms. Barton's becoming President and Chief Executive Officer, effective as of January 1, 2024 her base salary will be $1,075,000, her target percentage under the 2024 Executive Short-Term Incentive Pay Plan will be 125% of base salary, and her long-term incentive target percentage for awards made in 2024 will be 420% of base salary. Ms. Barton will be eligible to participate in other incentives and benefits consistent with those offered to the position of President and Chief Executive Officer of Alliant Energy, including the standard officer key employee executive severance agreement with a benefit of 2.99 times salary and target annual incentive pay, in substantially the form as that filed as Exhibit 10.1 to Alliant Energy's Current Report on Form 8-K filed October 28, 2021.


In connection with Mr. Larsen's becoming Executive Chairman, effective as of January 1, 2024 his base salary will be $967,500, his target percentage under the 2024 Executive Short-Term Incentive Pay Plan will be 120% of base salary, and his long-term incentive target percentage for awards made in 2024 will be 400% of base salary. No other changes were made to Mr. Larsen's compensation arrangements.