WEC Energy Group Management
Management criteria checks 4/4
WEC Energy Group's CEO is Scott Lauber, appointed in Jan 2022, has a tenure of 3.08 years. total yearly compensation is $9.55M, comprised of 11.4% salary and 88.6% bonuses, including company stock and options. directly owns 0.02% of the company’s shares, worth $6.32M. The average tenure of the management team and the board of directors is 6.3 years and 7.1 years respectively.
Key information
Scott Lauber
Chief executive officer
US$9.6m
Total compensation
| CEO salary percentage | 11.4% |
| CEO tenure | 3.1yrs |
| CEO ownership | 0.02% |
| Management average tenure | 6.3yrs |
| Board average tenure | 7.1yrs |
Recent management updates
Recent updates
WEC Energy Group's (NYSE:WEC) Shareholders Will Receive A Bigger Dividend Than Last Year
Feb 04
WEC Energy Group (NYSE:WEC) Is Increasing Its Dividend To $0.8925
Jan 17Getting In Cheap On WEC Energy Group, Inc. (NYSE:WEC) Might Be Difficult
Jan 13WEC Energy Group (NYSE:WEC) Is Paying Out A Larger Dividend Than Last Year
Dec 09WEC Energy: A Consistent Dividend Grower To Buy Now
Nov 27Slowing Rates Of Return At WEC Energy Group (NYSE:WEC) Leave Little Room For Excitement
Nov 24WEC Energy: 3 Reasons Why The Stock Isn't A Sell Going Into Q3 Earnings
Oct 28WEC Energy Group, Inc. (NYSE:WEC) Investors Are Less Pessimistic Than Expected
Sep 28WEC Energy: A Rare Combo Of Value And Dividend Growth
Aug 01Here's Why WEC Energy Group (NYSE:WEC) Has A Meaningful Debt Burden
Aug 01Is WEC Energy Group, Inc. (NYSE:WEC) Trading At A 21% Discount?
Jul 16We Like These Underlying Return On Capital Trends At WEC Energy Group (NYSE:WEC)
Jun 10WEC Energy: Still An Attractive Utility Play While NextEra Energy Surges
Jun 03Subdued Growth No Barrier To WEC Energy Group, Inc.'s (NYSE:WEC) Price
May 23WEC Energy Group's Large Project Pipeline Keeps Growth Flowing
May 22WEC Energy Group: A Dividend Aristocrat In The Making
May 06WEC Energy: A Standout Utility Company With Strong Dividend Growth And Yield
Apr 08Calculating The Intrinsic Value Of WEC Energy Group, Inc. (NYSE:WEC)
Mar 29WEC Energy Hasn't Been This Attractive In 10 Years - Time To Load Up
Mar 06Subdued Growth No Barrier To WEC Energy Group, Inc.'s (NYSE:WEC) Price
Feb 20WEC Energy Group: A High-Quality Dividend Compounder To Buy Now
Feb 13WEC Energy Is A Long Term Buy
Dec 30WEC Energy Group: Christmas Came Early With A 7% Dividend Boost
Dec 21WEC Energy: Fully Valued, Buy The Dip Or The Preferred For Higher Yield
Oct 20WEC Energy Group: Well Positioned For A Recession, But The Stock Is Not Cheap
Aug 31WEC Energy Group: A Core Portfolio Dividend Growth Play
Jun 27WEC Energy Q4 2022 Earnings Preview
Feb 01CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2024 | n/a | n/a | US$2b |
| Sep 30 2024 | n/a | n/a | US$1b |
| Jun 30 2024 | n/a | n/a | US$1b |
| 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$1b |
Compensation vs Market: Scott's total compensation ($USD9.55M) is about average for companies of similar size in the US market ($USD12.55M).
Compensation vs Earnings: Scott's compensation has been consistent with company performance over the past year.
CEO
Scott Lauber (58 yo)
3.1yrs
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 | 3.1yrs | US$9.55m | 0.020% $ 6.3m | |
| Executive VP & CFO | 4.7yrs | US$4.51m | 0.0065% $ 2.1m | |
| EVP, General Counsel | 7.1yrs | US$2.69m | 0.0050% $ 1.6m | |
| Executive Vice President of External Affairs | 13.8yrs | US$2.41m | 0.0048% $ 1.5m | |
| Executive Vice President of Customer Service & Operations | no data | no data | 0.0026% $ 832.6k | |
| VP, Controller & Principal Accounting Officer | 9.3yrs | no data | 0.0028% $ 886.6k | |
| Executive VP & Chief Administrative Officer | 3.5yrs | no data | 0.0042% $ 1.3m | |
| Senior Vice President of Corporate Communications & Investor Relations | 9.7yrs | no data | 0.0013% $ 422.6k | |
| VP & Chief Audit Officer | 6.3yrs | no data | no data | |
| Executive Vice President of WEC Infrastructure & Generation Planning | 9.5yrs | no data | 0.0021% $ 664.2k | |
| Senior Vice President of Gas Operations | 3.6yrs | no data | no data | |
| Senior Vice President of Power Generation | 6.1yrs | no data | no data |
6.3yrs
Average Tenure
58yo
Average Age
Experienced Management: WEC's management team is seasoned and experienced (6.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 3yrs | US$9.55m | 0.020% $ 6.3m | |
| Independent Director | 3.1yrs | US$260.00k | 0.0026% $ 823.0k | |
| Independent Director | 20.7yrs | US$296.95k | 0.0022% $ 711.8k | |
| Independent Director | 22.1yrs | US$300.51k | 0.0073% $ 2.3m | |
| Non-Executive Chairman | 21.2yrs | US$11.15m | 0.088% $ 28.1m | |
| Independent Director | 13.1yrs | US$260.00k | 0.0014% $ 432.2k | |
| Director | 18.7yrs | US$424.17k | no data | |
| Independent Director | 7.1yrs | US$290.00k | 0.0019% $ 587.9k | |
| Independent Director | 4.1yrs | US$260.00k | 0.0012% $ 381.3k | |
| Independent Lead Director | 5.1yrs | US$280.00k | 0.0060% $ 1.9m | |
| Independent Director | 5.3yrs | US$260.00k | 0.00056% $ 178.0k | |
| Independent Director | 7.1yrs | US$280.00k | 0.0021% $ 673.7k |
7.1yrs
Average Tenure
68.5yo
Average Age
Experienced Board: WEC's board of directors are considered experienced (7.1 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/02/04 22:51 |
| End of Day Share Price | 2025/02/04 00:00 |
| Earnings | 2024/12/31 |
| Annual Earnings | 2024/12/31 |
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.
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 Github.
Analyst Sources
WEC Energy Group, Inc. is covered by 39 analysts. 12 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 |
| Finbarr MacCarthy | Atlantic Equities LLP |
| David Parker | Baird |