STOCK TITAN

Xcel Energy Elects Devin Stockfish to Board of Directors

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
management

Xcel Energy (NASDAQ: XEL) has announced the election of Devin Stockfish to its board of directors, effective January 23, 2025. Stockfish, who currently serves as president and CEO of Weyerhaeuser Co., North America's largest integrated timber and forest products company, brings extensive expertise in leading publicly traded, capital-intensive businesses.

Stockfish will serve on Xcel Energy's Finance committee and Operations, Nuclear, Environmental and Safety (ONES) committee. With his addition, the board will expand to 14 members. His background includes nearly 12 years at Weyerhaeuser in various senior roles, previous positions at Univar Solutions , Starbucks Corp., and Boeing Co. He holds a Juris Doctor from Columbia Law School and a BS in mechanical engineering from the University of Colorado.

Xcel Energy (NASDAQ: XEL) ha annunciato l'elezione di Devin Stockfish nel suo consiglio di amministrazione, con effetto dal 23 gennaio 2025. Stockfish, attualmente presidente e CEO di Weyerhaeuser Co., la più grande azienda integrata di legname e prodotti forestali del Nord America, porta con sé un'ampia esperienza nella gestione di aziende quotate in borsa e ad alta intensità di capitale.

Stockfish farà parte del comitato Finanziario di Xcel Energy e del comitato Operazioni, Nucleare, Ambientale e Sicurezza (ONES). Con la sua aggiunta, il consiglio si espanderà a 14 membri. La sua carriera include quasi 12 anni in Weyerhaeuser in vari ruoli dirigenziali, precedenti posizioni presso Univar Solutions, Starbucks Corp. e Boeing Co. Ha conseguito un Juris Doctor presso la Columbia Law School e una laurea in ingegneria meccanica presso l'Università del Colorado.

Xcel Energy (NASDAQ: XEL) ha anunciado la elección de Devin Stockfish a su junta directiva, que entrará en vigor el 23 de enero de 2025. Stockfish, que actualmente se desempeña como presidente y CEO de Weyerhaeuser Co., la mayor empresa integrada de productos de madera y forestales de América del Norte, aporta una amplia experiencia en la dirección de empresas que cotizan en bolsa y que requieren grandes inversiones de capital.

Stockfish formará parte del comité de Finanzas de Xcel Energy y del comité de Operaciones, Nuclear, Ambiental y Seguridad (ONES). Con su incorporación, la junta ampliará su número a 14 miembros. Su trayectoria incluye casi 12 años en Weyerhaeuser en diversos roles de alto nivel, así como puestos anteriores en Univar Solutions, Starbucks Corp. y Boeing Co. Posee un Juris Doctor de la Columbia Law School y una licenciatura en ingeniería mecánica de la Universidad de Colorado.

Xcel Energy (NASDAQ: XEL)Devin Stockfish를 이사회에 선출했다고 발표했습니다. 이 임명은 2025년 1월 23일부터 효력이 발생합니다. 현재 Weyerhaeuser Co.의 회장 겸 CEO로 재직 중인 Stockfish는 북미 최대의 통합 목재 및 임업 제품 회사에서 일하며, 상장된 자본 집약적인 비즈니스를 이끄는 데 있어 광범위한 경험을 보유하고 있습니다.

Stockfish는 Xcel Energy의 재무 위원회와 운영, 핵심, 환경 및 안전(ONES) 위원회에서 활동할 예정입니다. 그의 추가로 이사회는 14명으로 확대됩니다. 그의 경력은 Weyerhaeuser에서 다양한 고위직을 맡은 거의 12년을 포함하며, Univar Solutions, Starbucks Corp., Boeing Co.에서의 이전 직책도 포함됩니다. 그는 콜롬비아 로스쿨에서 법학 박사(Juris Doctor)를 취득하였으며, 콜로라도 대학교에서 기계 공학 학사(BS)를 받았습니다.

Xcel Energy (NASDAQ: XEL) a annoncé l'élection de Devin Stockfish à son conseil d'administration, effectif le 23 janvier 2025. Stockfish, qui est actuellement président et PDG de Weyerhaeuser Co., la plus grande entreprise intégrée de produits forestiers et de bois d'Amérique du Nord, apporte une vaste expertise dans la direction d'entreprises cotées en bourse et à forte intensité de capital.

Stockfish siégera au comité des Finances de Xcel Energy et au comité des Opérations, Nucléaire, Environnement et Sécurité (ONES). Avec son ajout, le conseil sera élargi à 14 membres. Son parcours comprend près de 12 ans chez Weyerhaeuser dans divers postes de direction, ainsi que des postes précédents chez Univar Solutions, Starbucks Corp. et Boeing Co. Il possède un Juris Doctor de la Columbia Law School et un BS en ingénierie mécanique de l'Université du Colorado.

Xcel Energy (NASDAQ: XEL) hat die Wahl von Devin Stockfish in seinen Vorstand bekannt gegeben, der am 23. Januar 2025 wirksam wird. Stockfish, der derzeit als Präsident und CEO von Weyerhaeuser Co., dem größten integrierten Holz- und Forstprodukteunternehmen Nordamerikas, tätig ist, bringt umfangreiche Erfahrungen in der Führung von börsennotierten, kapitalintensiven Unternehmen mit.

Stockfish wird im Finanzausschuss von Xcel Energy sowie im Ausschuss für Betrieb, Nuklear, Umwelt und Sicherheit (ONES) sitzen. Mit seiner Berufung wird der Vorstand auf 14 Mitglieder erweitert. Sein beruflicher Hintergrund umfasst fast 12 Jahre bei Weyerhaeuser in verschiedenen Führungspositionen sowie frühere Tätigkeiten bei Univar Solutions, Starbucks Corp. und Boeing Co. Er hat einen Juris Doctor der Columbia Law School und einen BS in Maschinenbau von der University of Colorado.

Positive
  • Addition of experienced CEO from capital-intensive industry to board of directors
  • Expansion of board expertise in sustainable resource management and operational excellence
  • Strategic strengthening of both Finance and ONES committees
Negative
  • None.

Stockfish brings extensive expertise as president, CEO of Weyerhaeuser Co.

MINNEAPOLIS--(BUSINESS WIRE)-- Xcel Energy Inc. (NASDAQ: XEL) announced today that Devin Stockfish has been elected to its board of directors, effective Jan. 23, 2025.

Devin Stockfish (Photo: Business Wire)

Devin Stockfish (Photo: Business Wire)

Stockfish has served as president and CEO of Weyerhaeuser Co., North America’s largest integrated timber and forest products company, since 2019, and also serves as a member of its board of directors. He previously was senior vice president, Timberlands; vice president, Western Timberlands; and senior vice president, general counsel and corporate secretary during his nearly 12-year tenure with Weyerhaeuser.

“Devin is an accomplished executive who, like us, is deeply committed to safety and operational excellence,” said Bob Frenzel, chairman, president and CEO of Xcel Energy. “We are pleased to welcome him to our board and believe that our company will greatly benefit from his acumen in leading a publicly traded, capital-intensive business; his expertise in sustainable forest management; his engineering education; as well as his depth of knowledge in corporate strategy and finance and experience managing complex legal and regulatory issues.”

Stockfish will serve on the Xcel Energy board of directors’ Finance committee and its Operations, Nuclear, Environmental and Safety (ONES) committee. With his addition, the company’s board of directors will have 14 members.

Prior to joining Weyerhaeuser in 2013, Stockfish was vice president and associate general counsel at chemical distributor Univar Solutions LLC, focused on mergers and acquisitions, corporate governance and securities law. He also has worked as an attorney for Starbucks Corp. and practiced corporate law at the K&L Gates LLP law firm. Before practicing law, Stockfish worked as a mechanical engineer with Boeing Co.

Stockfish holds a Juris Doctor degree from Columbia Law School and a Bachelor of Science degree in mechanical engineering from the University of Colorado.

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.

Xcel Energy Media Relations

414 Nicollet Mall, 401-7

Minneapolis, MN 55401

(612) 215-5300

www.xcelenergy.com

Source: Xcel Energy

FAQ

When will Devin Stockfish join Xcel Energy's board of directors?

Devin Stockfish will join Xcel Energy's board of directors effective January 23, 2025.

Which committees will Stockfish serve on at XEL?

Stockfish will serve on Xcel Energy's Finance committee and the Operations, Nuclear, Environmental and Safety (ONES) committee.

How many members will XEL's board have after Stockfish joins?

With Stockfish's addition, Xcel Energy's board of directors will have 14 members.

What is Devin Stockfish's current role outside of XEL?

Stockfish currently serves as president and CEO of Weyerhaeuser Co., North America's largest integrated timber and forest products company, a position he has held since 2019.

What relevant experience does Stockfish bring to XEL's board?

Stockfish brings experience in leading a publicly traded, capital-intensive business, expertise in sustainable forest management, engineering background, and knowledge in corporate strategy, finance, and managing complex legal and regulatory issues.

Xcel Energy, Inc.

NASDAQ:XEL

XEL Rankings

XEL Latest News

XEL Stock Data

38.24B
573.13M
0.18%
81.95%
1.56%
Utilities - Regulated Electric
Electric & Other Services Combined
Link
United States of America
MINNEAPOLIS