Bob Frenzel
Chairman, President and Chief Executive Officer
Executive
7 reports
Xcel Energy ·XEL
Energy · Fortune #319 · Hybrid structure · 11K employees · Minneapolis, Minnesota
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Download the CSV data insteadXcel Energy operates with a CEO-centric structure where utilities, generation, delivery, and customer leadership all report directly to the CEO. This page details the executive team, reporting lines, recent leadership changes, and how Xcel’s structure compares with peer utilities.
What to model
Start with the public baseline, then use the scenario views and source-backed changes to ask what happens when leadership, span, or team ownership shifts.
Retired effective August 21, 2025 after transition period.
Source · See change logThe people
8 executives identified as Named Executive Officers in the most recent SEC proxy. Bar length scales with tenure.
Chairman, President and Chief Executive Officer
Executive
7 reports
Executive Vice President, Chief Financial Officer
Finance
0 reports
Executive Vice President, Group President, Utilities and Chief Customer Officer
Utilities
0 reports
Executive Vice President, Chief Legal and Compliance Officer
Legal
0 reports
Executive Vice President, Chief Delivery Officer
Operations
0 reports
Executive Vice President, Chief Generation Officer
Generation
0 reports
President, Xcel Energy – Minnesota, North Dakota and South Dakota
Regional Utilities
0 reports
Senior Vice President, Chief Communications Officer and Chief of Staff
Communications
0 reports
The businesses
3 divisions report into the group CEO. Tile size scales with estimated headcount.
7K employees
EVP, Group President, Utilities and Chief Customer Officer (Amanda Rome)
Manages regulated electric and gas utility operations and customer experience across eight states.
2K employees
EVP, Chief Generation Officer (Scott Sharp)
Oversees power generation assets including renewable, nuclear, and natural gas facilities.
2K employees
EVP, Chief Delivery Officer (Michael Lamb)
Responsible for transmission, distribution, and infrastructure delivery programs.
The thesis
Xcel Energy’s most distinctive feature is that the CEO directly oversees core utility P&L leadership alongside delivery, generation, and customer functions.
This places regulated utility operations and capital delivery squarely in the CEO’s span, rather than delegating them to a COO. The structure reflects the company’s capital-intensive, regulator-facing strategy.
The absence of a standing COO following the 2025 retirement of the former COO redistributed authority to functionally specialized EVPs. Generation, delivery, and utilities are each led by separate executives, reinforcing operational accountability while keeping strategic coordination centralized at the CEO level.
The comparison
Compared with other large regulated utilities, Xcel Energy operates with a relatively flat executive structure and a broad CEO span. Peers such as Duke Energy and Dominion Energy typically interpose a COO or equivalent role between the CEO and operational presidents. Xcel’s model emphasizes direct CEO engagement in …
Current signals
The most significant change was the 2025 retirement of the COO, eliminating the role and pushing operations directly under the CEO.
Retired effective August 21, 2025 after transition period.
SourceBob Frenzel has served as Chairman, President and CEO since 2018.
Xcel Energy uses a hybrid enterprise structure with functional and regulated-utility leadership reporting directly to the CEO.
The CEO has seven direct executive reports.
In 2025 the COO retired, and delivery, legal, and generation leaders were promoted into expanded EVP roles.
No. The COO role was eliminated following the retirement of the former COO in 2025.
Reference
If you reference this page in research, analysis, or news writing, use one of the formats below. Citation includes the SEC filing source where applicable.
Creately. (2026). Xcel Energy organizational structure. Creately. Retrieved , from https://creately.com/org-chart/fortune-500/xcel-energy/"Xcel Energy Organizational Structure." Creately, April 1, 2026, https://creately.com/org-chart/fortune-500/xcel-energy/. Accessed .Creately. "Xcel Energy Organizational Structure." Last modified April 1, 2026. https://creately.com/org-chart/fortune-500/xcel-energy/.Permanent URL: https://creately.com/org-chart/fortune-500/xcel-energy/ · last updated 2026-04-01