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Xcel Energy appoints Robert Frenzel as EVP and CFO

Staff writer |
Minneapolis, Mn., USA - April 18, 2016, Minneapolis, Mn., USA - Xcel Energy Inc., a utility holding company, named Robert Frenzel as executive vice president and chief financial officer, effective May 3, 2016.

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Mr. Frenzel brings more than 17 years of experience in energy, banking and consulting and an additional six years of experience as an officer in the U.S. Navy. He most recently served as senior vice president and CFO for Luminant, an Energy Futures Holdings Inc. company and the largest generator of electricity in Texas.

Prior to joining EFH, Mr. Frenzel was a vice president at Goldman Sachs, focused on strategic and financial transactions within the energy and power industry, including corporate- and asset-level acquisitions and divestitures and significant capital-raising activities.

Earlier in his career he was a consultant in the strategy, finance and economics practice at Arthur Andersen.

Mr. Frenzel also served as a nuclear engineering officer and weapons officer in the United States Navy. He resigned from active duty in 1998 and remained in the Navy reserves where he was later promoted to lieutenant commander before resigning his commission in 2007.

He holds a bachelor’s degree in industrial engineering from Georgia Tech and a Master of Business Administration from the University of Chicago’s Booth Graduate School of Business.

Mr. Frenzel replaces Teresa Madden who previously announced her retirement.

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