CMS Energy (NYSE: CMS) announced executive leadership changes effective June 3, naming Sri Maddipati as executive vice president and chief financial officer for both CMS Energy and Consumers Energy.

Maddipati, currently senior vice president and president of electric supply at Consumers Energy, will oversee investor relations, treasury, tax, accounting, and financial planning functions. He joined CMS Energy in 2014 and served as vice president and treasurer from 2016 to 2023, managing budget planning, corporate liquidity, financing, and relationships with investors, banks and rating agencies.

Chris Fultz will assume Maddipati's previous role as senior vice president and president of electric supply at Consumers Energy. Fultz previously served as vice president of low voltage distribution and will manage electric supply planning and strategy, market operations, generating plant operations and engineering, and generation development and procurement.

"Sri has nearly 20 years of experience across finance, treasury, banking, capital markets, and investor relations which allows for a seamless transition of leadership," said Garrick Rochow, president and CEO of CMS Energy and Consumers Energy.

Prior to joining CMS Energy, Maddipati worked as a vice president in the financial institutions group at Goldman Sachs. He holds bachelor's and master's degrees in engineering and an MBA from the University of Michigan.

Fultz joined Consumers Energy in 2014 and held roles in project management, natural gas operations, transmission, storage and compression. He previously worked at Black & Veatch and holds electrical engineering degrees from Michigan Technological University and an MBA from Oakland University.

The appointments coincide with the retirement of Rejji Hayes as executive vice president and chief financial officer, also effective June 3.