DTE Energy Management

Management criteria checks 3/4

DTE Energy's CEO is Jerry Norcia, appointed in Jul 2019, has a tenure of 4.75 years. total yearly compensation is $10.28M, comprised of 13% salary and 87% bonuses, including company stock and options. directly owns 0.15% of the company’s shares, worth €32.72M. The average tenure of the management team and the board of directors is 5.5 years and 8.8 years respectively.

Key information

Jerry Norcia

Chief executive officer

US$10.3m

Total compensation

CEO salary percentage	13.0%
CEO tenure	4.8yrs
CEO ownership	0.2%
Management average tenure	5.5yrs
Board average tenure	8.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Jerry Norcia's remuneration changed compared to DTE Energy's earnings?
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$10m	US$1m	US$1b
Sep 30 2022	n/a	n/a	US$1b
Jun 30 2022	n/a	n/a	US$788m
Mar 31 2022	n/a	n/a	US$873m
Dec 31 2021	US$11m	US$1m	US$794m
Sep 30 2021	n/a	n/a	US$704m
Jun 30 2021	n/a	n/a	US$1b
Mar 31 2021	n/a	n/a	US$1b
Dec 31 2020	US$11m	US$1m	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$8m	US$1m	US$953m
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$5m	US$827k	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$5m	US$730k	US$1b

Compensation vs Market: Jerry's total compensation ($USD10.28M) is above average for companies of similar size in the German market ($USD5.66M).

Compensation vs Earnings: Jerry's compensation has been consistent with company performance over the past year.

CEO

Jerry Norcia (60 yo)

4.8yrs

Tenure

US$10,278,098

Compensation

Mr. Gerardo Norcia, also known as Jerry, serves as Chief Executive Officer of DTE Energy Company since July 01, 2019 and serves as its Director since 2019 and as its Chairman since May 05, 2022 and was its...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Gerardo Norcia	CEO & Chairman	4.8yrs	US$10.28m	0.15% $ 32.7m
Trevor Lauer	Vice Chairman & Group President	no data	US$2.80m	0.026% $ 5.5m
David Ruud	Executive VP & CFO	3.9yrs	US$3.59m	0.032% $ 6.7m
JoAnn Chavez	Senior VP & Chief Legal Officer	4.5yrs	US$2.37m	0.0061% $ 1.3m
Mark Stiers	President of DTE Vantage & Energy Trading	10.3yrs	US$2.70m	0.024% $ 5.0m
Joi Harris	President & COO	less than a year	no data	0.011% $ 2.4m
Tracy Myrick	Chief Accounting Officer	no data	no data	0.0021% $ 438.6k
Bill Chiu	Vice President of Distribution Engineering & Technology	no data	no data	no data
Steven Ambrose	Chief Information Officer and Vice President	12.8yrs	no data	no data
Barbara Tuckfield	Director - Investor Relations	no data	no data	no data
Paula Silver	Senior Vice President of Corporate Communications	9yrs	no data	no data
Diane Antishin	VP of Human Resources and Chief Diversity & Inclusion Officer	6.3yrs	no data	no data

5.5yrs

Average Tenure

59yo

Average Age

Experienced Management: DGY's management team is seasoned and experienced (5.5 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Gerardo Norcia	CEO & Chairman	5.3yrs	US$10.28m	0.15% $ 32.7m
James Vandenberghe	Independent Director	17.8yrs	US$285.49k	0.00097% $ 205.5k
David Brandon	Independent Director	13.8yrs	US$290.49k	0.0019% $ 411.0k
Charles McClure	Independent Director	12.2yrs	US$288.83k	0.00048% $ 101.7k
Gail McGovern	Independent Director	20.8yrs	US$316.49k	no data
Robert Skaggs	Independent Director	6.8yrs	US$270.31k	0.00051% $ 108.0k
Gary Torgow	Independent Director	4.8yrs	US$275.31k	0.0020% $ 425.8k
Mark Murray	Lead Independent Director	15yrs	US$297.97k	0.00048% $ 101.7k
David Thomas	Independent Director	10.8yrs	US$330.31k	0.0010% $ 211.9k
Nicholas Akins	Independent Director	less than a year	US$118.42k	0.00051% $ 108.0k
Valerie Williams	Independent Director	5.9yrs	US$335.31k	0.0019% $ 411.0k
Deborah Byers	Independent Director	less than a year	US$176.77k	0.00048% $ 101.7k

8.8yrs

Average Tenure

67yo

Average Age

Experienced Board: DGY's board of directors are considered experienced (8.8 years average tenure).

DTE Energy Management

Management criteria checks 3/4

Key information

Recent management updates

DTE Energy Company, Annual General Meeting, May 02, 2024

DTE Energy Names Nicholas Akins to Board of Directors Effective December 4

Dte Energy Company Announces Executive Changes, Effective July 3, 2023

Chief Accounting Officer recently sold €60k worth of stock

Senior VP & Chief Legal Officer recently sold €411k worth of stock

DTE Energy Company, Annual General Meeting, May 04, 2023

Recent updates

First quarter 2024 earnings released: EPS: US$1.52 (vs US$2.16 in 1Q 2023)

DTE Energy Company to Report Q1, 2024 Results on Apr 25, 2024

Upcoming dividend of US$1.02 per share

Full year 2023 earnings released: EPS: US$6.78 (vs US$5.54 in FY 2022)

DTE Energy Company Provides Earnings Guidance for the Year 2024

Third quarter dividend of US$1.02 announced

DTE Energy Company to Report Fiscal Year 2023 Results on Feb 08, 2024

DTE Energy Declares Dividend, Payable January 15, 2024

DTE Energy Company, Annual General Meeting, May 02, 2024

DTE Energy Company Revises Earnings Guidance for the Year 2023

DTE Energy Company Revises Earnings Guidance for the Year 2023

Third quarter 2023 earnings released: EPS: US$1.61 (vs US$2.00 in 3Q 2022)

DTE Energy Names Nicholas Akins to Board of Directors Effective December 4

DTE Energy Company to Report Q3, 2023 Results on Nov 01, 2023

Upcoming dividend of US$0.95 per share at 3.7% yield

DTE Energy Company Reaffirms Earnings Guidance for the Fiscal Year 2023

Second quarter 2023 earnings released: EPS: US$0.98 (vs US$0.19 in 2Q 2022)

DTE Energy Company Receives Approval from the Michigan Public Service Commission on the Cleanvision Integrated Resource Plan

DTE Energy Company to Report Q2, 2023 Results on Jul 27, 2023

Dte Energy Company Announces Executive Changes, Effective July 3, 2023

DTE Energy Company Declares Dividend on Its Common Stock, Payable October 15, 2023

Chief Accounting Officer recently sold €60k worth of stock

Senior VP & Chief Legal Officer recently sold €411k worth of stock

Dte Energy Company Declares Quarterly Dividend, Payable on July 15, 2023

First quarter 2023 earnings released: EPS: US$2.16 (vs US$2.04 in 1Q 2022)

Upcoming dividend of US$0.95 per share at 3.4% yield

Full year 2022 earnings released: EPS: US$5.55 (vs US$4.11 in FY 2021)

DTE Energy Company Reaffirms Earnings Guidance for the Year 2023

DTE Energy Company to Report Fiscal Year 2022 Results on Feb 23, 2023

Upcoming dividend of US$0.95 per share

DTE Energy Company, Annual General Meeting, May 04, 2023

Insufficient new directors

DTE Energy Company Declares Dividend, Payable on Jan. 15, 2023

Third quarter 2022 earnings released: EPS: US$2.01 (vs US$0.30 in 3Q 2021)

DTE Energy Company Reaffirms Earnings Guidance for the Full Year 2022

DTE Energy Company to Report Q3, 2022 Results on Oct 27, 2022

DTE Energy Appoints Brad Carroll as Director

Upcoming dividend of US$0.89 per share

Senior VP & Chief Legal Officer recently sold €136k worth of stock

Executive Vice President of IT recently sold €371k worth of stock

Second quarter 2022 earnings released: EPS: US$0.19 (vs US$0.60 in 2Q 2021)

DTE Energy Company Revises Earnings Guidance for the Year 2022

DTE Energy Company to Report Q2, 2022 Results on Jul 28, 2022

DTE Energy Company Declares Dividend on Its Common Stock, Payable on October 15, 2022

Upcoming dividend of US$0.89 per share

Senior VP & Chief Legal Officer recently sold €236k worth of stock

DTE Energy Company Declares Dividend on Its Common Stock Payable July 15, 2022

First quarter 2022 earnings released: EPS: US$2.04 (vs US$1.62 in 1Q 2021)

Insufficient new directors

DTE Energy Company to Report Q1, 2022 Results on Apr 28, 2022

Dte Energy Company Promotes Paula Silver to Senior VP Position

Upcoming dividend of US$0.89 per share

Insider recently sold €180k worth of stock

DTE Energy Company Announces Retirement Plans of David E. Meador as Vice Chairman and Chief Administrative Officer, Effective March 14, 2022

Senior VP & Chief Legal Officer recently sold €51k worth of stock

DTE Energy Company Updates Earnings Guidance for the Fiscal Year 2022

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

DTE Energy Company Declares Quarterly Dividend, Payable on April 15, 2022

Insufficient new directors

DTE Energy Company to Report Fiscal Year 2021 Results on Feb 10, 2022

Upcoming dividend of US$0.89 per share

DTE Energy Receives Approval of $84 Million from Michigan Public Service Commission to Further Modernize Natural Gas Infrastructure

Third quarter 2021 earnings released: EPS US$0.30 (vs US$2.46 in 3Q 2020)

Upcoming dividend of US$0.82 per share

DTE Energy Company(NYSE:DTE) dropped from Russell 1000 Dynamic Index

DTE Energy Retires “Small but Mighty” River Rouge Power Plant

DTE Energy Declares Cash Dividend on its Common Stock, Payable on July 15, 2021

First quarter 2021 earnings released: EPS US$2.05 (vs US$1.77 in 1Q 2020)

DTE Energy Company Reaffirms Earnings Guidance for 2021