More NewsXcel Energy Makes Four Senior Executive Appointments

Xcel Energy Makes Four Senior Executive Appointments

Xcel Energy has promoted Benjamin Fowke III to president and chief operating officer (COO). Richard Kelly, who previously held the title of president, remains the company’s chairman and chief executive officer (CEO).

David Sparby, president and CEO, Northern States Power Company-Minnesota, an Xcel Energy company, will replace Fowke as chief financial officer (CFO); and Judy Poferl, formerly regional vice president, NSP-Minnesota, will replace Sparby. Marvin McDaniel, vice president of human resources, has been named to a new position as vice president and chief administrative officer (CAO) for Xcel Energy.

Fowke most recently was Xcel Energy’s executive vice president (EVP) and CFO. Before the 2000 merger between Northern States Power and New Century Energies (NCE) to form Xcel Energy, he held positions with the NCE Retail business unit, FP&L Group, the Dart Group, and KPMG. In 2002, he was named vice president and treasurer of Xcel Energy. He earned a BSc degree in finance/accounting from Towson University and obtained his CPA in 1982.

Sparby joined Northern States Power Company-Minnesota in 1982 as a staff attorney, and has served as director of gas supply, managing director of corporate rates, general manager of regulatory services and vice president of regulatory affairs. In 2008, Minnesota Governor Tim Pawlenty appointed Sparby to the Midwestern Greenhouse Gas Accord Advisory Group.

Poferl has more than 23 years of experience in energy and regulation. She joined NSP in 1998, and subsequently assumed increasing responsibilities in the regulatory area. Before assuming her position as regional vice president, NSP-Minnesota in September 2008, she directed the Minnesota regulatory and legislative group. Prior to joining NSP, Poferl held leadership positions in the Minnesota Department of Public Service (now Office of Energy Security) and Minnegasco (now CenterPoint Energy – Minnegasco), managing state and federal regulatory activities.

McDaniel has more than 20 years of experience with the company. Before assuming his current duties, he served in numerous finance and accounting management positions, including Xcel Energy’s vice president and assistant controller. He earned a BSc degree in Business Administration from Colorado State University and a MBA from Regis University. He is a certified public accountant (CPA). He currently serves on the board of directors for Big Brothers Big Sisters of Colorado as chairman, as well as a member of its finance and fund development committees.

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