WEC Energy Group Management
Management criteria checks 3/4
WEC Energy Group's CEO is Scott Lauber, appointed in Jan 2022, has a tenure of 2.42 years. total yearly compensation is $9.55M, comprised of 11.4% salary and 88.6% bonuses, including company stock and options. directly owns 0.016% of the company’s shares, worth R$22.14M. The average tenure of the management team and the board of directors is 5.7 years and 6.4 years respectively.
Key information
Scott Lauber
Chief executive officer
US$9.6m
Total compensation
| CEO salary percentage | 11.4% |
| CEO tenure | 2.4yrs |
| CEO ownership | 0.02% |
| Management average tenure | 5.7yrs |
| Board average tenure | 6.4yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2024 | n/a | n/a | US$1b |
| Dec 31 2023 | US$10m | US$1m | US$1b |
| Sep 30 2023 | n/a | n/a | US$1b |
| Jun 30 2023 | n/a | n/a | US$1b |
| Mar 31 2023 | n/a | n/a | US$1b |
| Dec 31 2022 | US$8m | US$1m | US$1b |
| Sep 30 2022 | n/a | n/a | US$1b |
| Jun 30 2022 | n/a | n/a | US$1b |
| Mar 31 2022 | n/a | n/a | US$1b |
| Dec 31 2021 | US$5m | US$922k | US$1b |
| Sep 30 2021 | n/a | n/a | US$1b |
| Jun 30 2021 | n/a | n/a | US$1b |
| Mar 31 2021 | n/a | n/a | US$1b |
| Dec 31 2020 | US$4m | US$751k | US$1b |
| Sep 30 2020 | n/a | n/a | US$1b |
| Jun 30 2020 | n/a | n/a | US$1b |
| Mar 31 2020 | n/a | n/a | US$1b |
| Dec 31 2019 | US$3m | US$625k | US$1b |
| Sep 30 2019 | n/a | n/a | US$1b |
| Jun 30 2019 | n/a | n/a | US$1b |
| Mar 31 2019 | n/a | n/a | US$1b |
| Dec 31 2018 | US$3m | US$575k | US$1b |
| Sep 30 2018 | n/a | n/a | US$1b |
| Jun 30 2018 | n/a | n/a | US$1b |
| Mar 31 2018 | n/a | n/a | US$1b |
| Dec 31 2017 | US$2m | US$467k | US$1b |
Compensation vs Market: Scott's total compensation ($USD9.55M) is above average for companies of similar size in the BR market ($USD5.83M).
Compensation vs Earnings: Scott's compensation has been consistent with company performance over the past year.
CEO
Scott Lauber (58 yo)
2.4yrs
Tenure
US$9,552,179
Compensation
Mr. Scott J. Lauber has been President and Manager at WEPCo Environmental Trust Finance I, LLC since January 2021. He has been Director of American Transmission Company LLC since July 2022. He was Presiden...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 2.4yrs | US$9.55m | 0.016% $ 22.1m | |
| Executive VP & CFO | 4yrs | US$4.51m | 0.0055% $ 7.4m | |
| EVP, General Counsel | 6.4yrs | US$2.69m | 0.0042% $ 5.6m | |
| Executive Vice President of External Affairs | 13.2yrs | US$2.41m | 0.0044% $ 5.9m | |
| Executive Vice President of Customer Service & Operations | no data | no data | 0.0023% $ 3.1m | |
| VP, Controller & Principal Accounting Officer | 8.7yrs | no data | 0.0026% $ 3.5m | |
| Executive VP & Chief Administrative Officer | 2.8yrs | no data | 0.0037% $ 5.0m | |
| Senior Vice President of Corporate Communications & Investor Relations | 9yrs | no data | 0.0012% $ 1.6m | |
| VP & Chief Audit Officer | 5.7yrs | no data | no data | |
| Executive Vice President of WEC Infrastructure & Generation Planning | 8.8yrs | no data | 0.0019% $ 2.6m | |
| Senior Vice President of Gas Operations | 2.9yrs | no data | no data | |
| Senior Vice President of Power Generation | 5.4yrs | no data | no data |
5.7yrs
Average Tenure
58yo
Average Age
Experienced Management: W1EC34's management team is seasoned and experienced (5.7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 2.3yrs | US$9.55m | 0.016% $ 22.1m | |
| Independent Director | 2.4yrs | US$260.00k | 0.0020% $ 2.7m | |
| Independent Director | 20yrs | US$296.95k | 0.0017% $ 2.3m | |
| Independent Director | 21.4yrs | US$300.51k | 0.0072% $ 9.6m | |
| Non-Executive Chairman | 20.5yrs | US$11.15m | 0.088% $ 118.1m | |
| Independent Director | 12.4yrs | US$260.00k | 0.0014% $ 1.9m | |
| Director | 18yrs | US$424.17k | no data | |
| Independent Director | 6.4yrs | US$290.00k | 0.0019% $ 2.6m | |
| Independent Director | 3.4yrs | US$260.00k | 0.0013% $ 1.7m | |
| Independent Lead Director | 4.4yrs | US$280.00k | 0.0060% $ 8.1m | |
| Independent Director | 4.7yrs | US$260.00k | 0.00062% $ 833.5k | |
| Independent Director | 6.4yrs | US$280.00k | 0.0021% $ 2.9m |
6.4yrs
Average Tenure
68.5yo
Average Age
Experienced Board: W1EC34's board of directors are considered experienced (6.4 years average tenure).