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 $30.80M. 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
Estimating The Intrinsic Value Of CMS Energy Corporation (NYSE:CMS)
Jan 05
Is CMS Energy (NYSE:CMS) A Risky Investment?
Dec 18CMS Energy (NYSE:CMS) Has Announced A Dividend Of $0.515
Oct 25Here's Why We Think CMS Energy (NYSE:CMS) Might Deserve Your Attention Today
Oct 14Slowing Rates Of Return At CMS Energy (NYSE:CMS) Leave Little Room For Excitement
Sep 18CMS Energy: A Strong Company, But At A High Price
Sep 10We Think CMS Energy (NYSE:CMS) Is Taking Some Risk With Its Debt
Sep 04Calculating The Fair Value Of CMS Energy Corporation (NYSE:CMS)
Aug 22CMS Energy (NYSE:CMS) Will Pay A Dividend Of $0.515
Jul 26CMS Energy Corporation's (NYSE:CMS) Popularity With Investors Is Under Threat From Overpricing
Jun 24CMS Energy: A Midwest Utility Worth Buying
Jun 13Is CMS Energy (NYSE:CMS) Using Too Much Debt?
Jun 06A Look At The Fair Value Of CMS Energy Corporation (NYSE:CMS)
May 22CMS Energy (NYSE:CMS) Is Due To Pay A Dividend Of $0.515
May 07This Is Why Shareholders Will Hold Back On A Pay Rise For CMS Energy Corporation's (NYSE:CMS) CEO This Year
Apr 27Returns At CMS Energy (NYSE:CMS) Appear To Be Weighed Down
Apr 12CMS Energy: A Compelling Income And Growth Proposition Right Now
Apr 06Do CMS Energy's (NYSE:CMS) Earnings Warrant Your Attention?
Mar 22CMS Energy (NYSE:CMS) Use Of Debt Could Be Considered Risky
Mar 01Concerns Surrounding CMS Energy's (NYSE:CMS) Performance
Feb 15CMS Energy Corporation Looks Strong Going Into Q4 Earnings
Jan 25CMS Energy Corporation's (NYSE:CMS) Business Is Yet to Catch Up With Its Share Price
Jan 23CMS Energy: High Leverage A Concern, But Company Is Strong Financially
Nov 07CMS Energy: Attractive Valuation And Total Return Potential
Jun 12CMS Energy reports mixed Q4 earnings; raises FY23 EPS guidance and reaffirms lon-term EPS guidance
Feb 02CMS Energy: This Michigan Utility Continues To Prove Its ESG Credentials
Jan 10CMS Energy declares $0.46 dividend
Oct 21CMS Energy declares $0.46 dividend
Jul 22CEO 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 ($USD12.63M).
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% $ 30.8m | |
| Executive VP & CFO | 7.7yrs | US$3.76m | 0.071% $ 14.5m | |
| Senior Vice President of Operations | 4.1yrs | US$2.11m | 0.023% $ 4.6m | |
| General Counsel & Senior VP of Business Optimization | 5.7yrs | US$2.26m | 0.026% $ 5.2m | |
| Senior Vice President of Strategy | 1.8yrs | US$1.99m | 0.021% $ 4.3m | |
| Chief Accounting Officer | 3.3yrs | no data | 0.0082% $ 1.7m | |
| 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 | |
| Vice President of People & Culture Operations | no data | no data | no data | |
| Senior Vice President of Transformation & Engineering | 2.9yrs | no data | 0.014% $ 2.8m | |
| Chief Diversity Officer & VP of Community Affairs | 4.4yrs | no data | no data |
4.1yrs
Average Tenure
48yo
Average Age
Experienced Management: CMS'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% $ 30.8m | |
| Independent Chairman of the Board | 14.7yrs | US$451.00k | 0.047% $ 9.6m | |
| Independent Director | 5.2yrs | US$275.00k | 0.0041% $ 837.3k | |
| Independent Director | 10yrs | US$280.00k | 0.010% $ 2.0m | |
| Independent Director | 11.2yrs | US$295.00k | 0.012% $ 2.4m | |
| Independent Director | 1.7yrs | US$240.00k | 0.00091% $ 184.9k | |
| Independent Director | 9.5yrs | US$295.00k | 0.0094% $ 1.9m | |
| Independent Director | 11.9yrs | US$295.00k | 0.014% $ 2.8m | |
| Independent Director | 6yrs | US$280.00k | 0.0050% $ 1.0m | |
| Independent Director | 10yrs | US$295.00k | 0.010% $ 2.1m |
9.8yrs
Average Tenure
65yo
Average Age
Experienced Board: CMS'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 | 2025/01/17 23:34 |
| End of Day Share Price | 2025/01/17 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 |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* 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
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
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 |