CMS Energy Management
Management criteria checks 4/4
CMS Energy's CEO is Garrick Rochow, appointed in Dec 2020, has a tenure of 4.08 years. total yearly compensation is $9.64M, comprised of 12.8% salary and 87.2% bonuses, including company stock and options. directly owns 0.15% of the company’s shares, worth $29.63M. The average tenure of the management team and the board of directors is 4.1 years and 9.8 years respectively.
Key information
Garrick Rochow
Chief executive officer
US$9.6m
Total compensation
| CEO salary percentage | 12.8% |
| CEO tenure | 4.1yrs |
| CEO ownership | 0.2% |
| Management average tenure | 4.1yrs |
| Board average tenure | 9.8yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$1b |
| Jun 30 2024 | n/a | n/a | US$960m |
| Mar 31 2024 | n/a | n/a | US$959m |
| Dec 31 2023 | US$10m | US$1m | US$876m |
| Sep 30 2023 | n/a | n/a | US$738m |
| Jun 30 2023 | n/a | n/a | US$727m |
| Mar 31 2023 | n/a | n/a | US$678m |
| Dec 31 2022 | US$9m | US$1m | US$823m |
| Sep 30 2022 | n/a | n/a | US$772m |
| Jun 30 2022 | n/a | n/a | US$765m |
| Mar 31 2022 | n/a | n/a | US$778m |
| Dec 31 2021 | US$7m | US$1m | US$746m |
| Sep 30 2021 | n/a | n/a | US$763m |
| Jun 30 2021 | n/a | n/a | US$813m |
| Mar 31 2021 | n/a | n/a | US$783m |
| Dec 31 2020 | US$3m | US$638k | US$697m |
| Sep 30 2020 | n/a | n/a | US$730m |
| Jun 30 2020 | n/a | n/a | US$731m |
| Mar 31 2020 | n/a | n/a | US$696m |
| Dec 31 2019 | US$2m | US$540k | US$631m |
| Sep 30 2019 | n/a | n/a | US$621m |
| Jun 30 2019 | n/a | n/a | US$583m |
| Mar 31 2019 | n/a | n/a | US$629m |
| Dec 31 2018 | US$2m | US$525k | US$657m |
Compensation vs Market: Garrick's total compensation ($USD9.64M) is about average for companies of similar size in the US market ($USD12.74M).
Compensation vs Earnings: Garrick's compensation has been consistent with company performance over the past year.
CEO
Garrick Rochow (49 yo)
4.1yrs
Tenure
US$9,637,210
Compensation
Mr. Garrick J. Rochow serves as an Independent Director at Hubbell Incorporated since November 19, 2024. He is Board of Directors of New Community Transformation Fund, LP. He has been Chief Executive Offic...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 4.1yrs | US$9.64m | 0.15% $ 29.6m | |
| Executive VP & CFO | 7.7yrs | US$3.76m | 0.071% $ 13.9m | |
| Senior Vice President of Operations | 4.1yrs | US$2.11m | 0.023% $ 4.4m | |
| General Counsel & Senior VP of Business Optimization | 5.7yrs | US$2.26m | 0.026% $ 5.0m | |
| Senior Vice President of Strategy | 1.8yrs | US$1.99m | 0.021% $ 4.1m | |
| Chief Accounting Officer | 3.3yrs | no data | 0.0082% $ 1.6m | |
| VP of IT & Security and Chief Information Officer | less than a year | no data | no data | |
| Treasurer & VP of Investor Relations | 1.1yrs | no data | no data | |
| VP, Chief Compliance Officer & Corporate Secretary | 11.3yrs | no data | no data | |
| Senior Vice President of Transformation & Engineering | 2.9yrs | no data | 0.014% $ 2.7m | |
| Chief Diversity Officer & VP of Community Affairs | 4.4yrs | no data | no data |
4.1yrs
Average Tenure
48yo
Average Age
Experienced Management: CMS.PRC's management team is considered experienced (4.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 4.1yrs | US$9.64m | 0.15% $ 29.6m | |
| Independent Chairman of the Board | 14.7yrs | US$451.00k | 0.047% $ 9.2m | |
| Independent Director | 5.2yrs | US$275.00k | 0.0041% $ 805.3k | |
| Independent Director | 10yrs | US$280.00k | 0.010% $ 2.0m | |
| Independent Director | 11.2yrs | US$295.00k | 0.012% $ 2.3m | |
| Independent Director | 1.7yrs | US$240.00k | 0.00091% $ 177.9k | |
| Independent Director | 9.5yrs | US$295.00k | 0.0094% $ 1.8m | |
| Independent Director | 11.9yrs | US$295.00k | 0.014% $ 2.7m | |
| Independent Director | 6yrs | US$280.00k | 0.0050% $ 975.4k | |
| Independent Director | 10yrs | US$295.00k | 0.010% $ 2.0m |
9.8yrs
Average Tenure
65yo
Average Age
Experienced Board: CMS.PRC's board of directors are considered experienced (9.8 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/07 07:43 |
| End of Day Share Price | 2025/01/07 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
CMS Energy Corporation is covered by 39 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jacob Kilstein | Argus Research Company |
| David Parker | Baird |
| Daniel Ford | Barclays |