Tellock elected to WEC Energy Group board of directors

Rhea-AI Summary

Glen E. Tellock has been elected to the board of directors of WEC Energy Group (NYSE: WEC) effective January 1, 2022. Tellock brings extensive experience, having recently retired as president and CEO of Lakeside Foods Inc., and spent 24 years at Manitowoc Co. in various leadership roles. His background in audit oversight and financial management is expected to strengthen the board. WEC Energy Group serves 4.6 million customers across four states and has about $37 billion in assets.

Positive

• Appointment of Glen E. Tellock enhances board expertise in audit oversight and financial reporting.
• Tellock's extensive leadership experience may provide fresh perspectives for strategic planning.

Negative

• Transition in leadership may create temporary disruptions in board dynamics.

MILWAUKEE, Oct. 21, 2021 /PRNewswire/ -- Glen E. Tellock, a veteran business leader with experience in both public and private companies, has been elected to the board of directors of WEC Energy Group (NYSE:WEC).  His appointment is effective January 1, 2022.

Tellock retired in June as president and chief executive of Lakeside Foods Inc., a privately held food processing company based in Wisconsin. Before joining Lakeside Foods, he spent 24 years at the Manitowoc Co., serving in a variety of leadership roles, including chief financial officer, president and chief executive and, ultimately, chairman, president and chief executive.

Tellock graduated from the University of Wisconsin – Madison and is a certified public accountant. He currently serves on the boards of directors of Astec Industries, Ault Global Holdings and Badger Meter.

"We're delighted to appoint Glen to the WEC Energy Group board and to the Audit and Oversight Committee," said Gale Klappa, executive chairman. "His deep understanding of audit oversight, financial reporting, risk management, business operations and strategic planning will bring additional strength to an engaged and effective board of directors."

WEC Energy Group (NYSE: WEC), based in Milwaukee, is one of the nation's premier energy companies, serving 4.6 million customers in Wisconsin, Illinois, Michigan and Minnesota.

The company's principal utilities are We Energies, Wisconsin Public Service, Peoples Gas, North Shore Gas, Michigan Gas Utilities, Minnesota Energy Resources and Upper Michigan Energy Resources. Another major subsidiary, We Power, designs, builds and owns electric generating plants. In addition, WEC Infrastructure LLC owns a growing fleet of renewable generation facilities in the Midwest.

WEC Energy Group (wecenergygroup.com) is a Fortune 500 company and a component of the S&P 500. The company has approximately 41,000 stockholders of record, 7,200 employees and more than $37 billion of assets. 

View original content:https://www.prnewswire.com/news-releases/tellock-elected-to-wec-energy-group-board-of-directors-301406045.html

SOURCE WEC Energy Group

FAQ

Who is Glen E. Tellock and what is his role in WEC Energy Group?

Glen E. Tellock is a newly elected board member effective January 1, 2022, bringing extensive leadership experience to WEC Energy Group.

What experience does Glen E. Tellock have?

Tellock has experience as president and CEO of Lakeside Foods and held various leadership roles at Manitowoc Co. for 24 years.

How will Glen E. Tellock's appointment impact WEC Energy Group?

His background in audit oversight and strategic planning is expected to strengthen the board's effectiveness.

When was Glen E. Tellock appointed to the board of WEC Energy Group?

Tellock was elected to the board on October 21, 2021, with an effective date of January 1, 2022.