Xcel Energy today announced the retirement of long-time executive, David
M. Sparby. Sparby, a 33-year employee of Xcel Energy or its predecessor
company Northern States Power Company, most recently served as senior
vice president, Revenue Group, and president and CEO of Northern States
Power Co.-Minnesota.
“Dave has had a remarkable career with the company,” said Ben Fowke,
chairman, president and CEO of Xcel Energy. “He has been an integral
part of making Xcel Energy the progressive, forward-thinking utility we
are.”
Sparby held a variety of key positions throughout his tenure, including
chief financial officer. Under his leadership, Xcel Energy’s operations
in the Upper Midwest significantly expanded investments in renewable
energy and energy efficiency. The company is now on track to reduce
carbon by more than 30 percent by 2020 compared to 2005 levels, all
while keeping rates affordable and competitive.
“Dave brought a unique ability to align stakeholders so that we could
deliver in a way that worked for all,” Fowke said. “From cleaner power
plants to transmission lines that bring wind energy to our customers,
Dave drove results.”
Marvin McDaniel, senior vice president and chief administrative officer,
will assume Sparby’s corporate-wide responsibilities as senior vice
president, Revenue Group, Fowke said. McDaniel, a 27-year employee of
Xcel Energy and its predecessor company New Century Energies, has held a
variety of leadership positions in the financial operations, information
technology, human resources, and rates and regulatory areas of the
company. McDaniel will assume the additional responsibilities on Jan. 1.
“Marvin brings a wealth of experience to the position, allowing us to
keep our forward momentum strong,” said Fowke. “Continuing to drive
performance at our operating companies is a key priority for us so that
we continue to deliver great results for our customers, investors and
policymakers.”
Fowke said he expects to name a new president of NSP-Minnesota by the
end of the year.
Xcel Energy (NYSE: XEL) is a major U.S. electricity and natural gas
company with regulated operations in eight Western and Midwestern
states. Xcel Energy provides a comprehensive portfolio of energy-related
products and services to 3.5 million electricity customers and 1.9
million natural gas customers through its regulated operating companies.
Company headquarters are located in Minneapolis.
Copyright Business Wire 2014