Business Digest: Aug. 25

Xcel Energy names Bob Frenzel as new CEO

MINNEAPOLIS — Xcel Energy has named Bob Frenzel as its new president and CEO, according to a company release.

Frenzel joined the company in 2016 as chief financial officer, and was promoted in March 2020 to chief operations officer.

“Bob is an outstanding leader, and I am confident he will champion Xcel Energy’s strategic priorities including leading the clean energy transition and enhancing the customer experience while keeping customer bills low,” said Ben Fowke, Frenzel’s predecessor as CEO. Fowke will remain with Xcel as chairman of the board of directors.

The company also named Tim O’Connor as executive vice president and chief operations officer.

The corporate levels did not impact the Texas-New Mexico jurisdiction based in Amarillo, where David Hudson remains as president.

Business Digest is compiled by the staff of The News. Contact Editor Kevin Wilson at 575-763-3431, ext. 320, or by email:

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