Xcel Energy Announces New Group President of Utilities

MINNEAPOLIS--(BUSINESS WIRE)-- Xcel Energy today named David Eves, executive vice president, group president – Utilities, effective March 1. Eves will oversee the leadership of Xcel Energy’s operating companies, a responsibility held by Marvin McDaniel Jr. who previously announced his retirement. Eves currently serves as president of Xcel Energy – Colorado, and will continue in both roles at this time.

“David’s in-depth knowledge of the industry and vast background in the planning, generation, and delivery of energy makes him well suited for this role,” said Ben Fowke, chairman, president and CEO of Xcel Energy. “He is an exceptional leader who will continue driving the company’s clean energy transition while keeping customer bills low.”

“I’m honored to take on this role and recognize the responsibility of meeting our customers’ energy needs while delivering value to them, the communities in the eight states we serve, and our shareholders,” said David Eves, president, Xcel Energy – Colorado.

Eves has been president of Xcel Energy – Colorado since 2009. He previously served as president and CEO of Xcel Energy – Texas and New Mexico. He also served as vice president of Resource Planning and Acquisition for Xcel Energy with responsibilities including: long-term resource planning, wholesale power supply, transmission rights and gas transportation. Eves received a Bachelor of Science degree in mechanical engineering from Kansas State University in 1981.

McDaniel will continue to hold the title of executive vice president, chief administrative officer, which includes responsibility for information technology, enterprise security, customer solutions, human resources and employee services. The company expects to make further announcements as to the transition of responsibilities closer to the date of McDaniel’s retirement.

About Xcel EnergyXcel 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 Twitter and Facebook.

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Xcel Energy Media Relations
www.xcelenergy.com

Source: Xcel Energy

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