Investor Presentaiton
Investor Fact Book October 2023 | Xcel Energy
Robert C. (Bob) Frenzel
Chairman, President and Chief Executive Officer
Xcel Energy
Bob Frenzel is chairman, president and chief executive officer (CEO) of Xcel Energy,
one of the largest public utilities in the country. The Fortune 300 energy company,
headquartered in Minneapolis, serves utility customers in parts of eight states,
providing electricity to 3.8 million customers and natural gas service to 2.1 million
customers. In 2018, Xcel Energy was the first company to announce a vision to
produce carbon-free electricity by 2050.
Prior to becoming CEO, Frenzel served as president and chief operating officer
(COO), where he led Xcel Energy's four utility operating companies, as well as the
transmission, distribution and natural gas operations. Previously, he served as chief
financial officer, where he led the finance, tax, accounting, and corporate development
functions of Xcel Energy and its subsidiary companies.
Frenzel joined Xcel Energy in 2016 from Energy Future Holdings, Inc., where he served
as senior vice president and chief financial officer for Luminant, its competitive power
generating subsidiary, and prior to that, senior vice president of Strategy and Corporate
Development.
Frenzel previously worked as vice president in the investment banking division of
Goldman Sachs, following his tenure as a manager and senior consultant in the
strategy, finance and economics practice at Arthur Anderson. After college, he served
in the United States Navy for six years, working as a nuclear engineering officer and
weapons officer. Following active duty, Frenzel served in the Navy Reserves and was
promoted to lieutenant commander.
Frenzel earned his bachelor's degree in industrial engineering from Georgia Tech and
his master's degree in business administration from the University of Chicago Booth
School of Business. He also graduated from the U.S. Navy's Nuclear Power School.
Frenzel serves as Chairman of the Audit Committee of Patterson Companies, Inc. and
Chairman of the Governance Committee of the Children's Theatre Company.
LO
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