ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS;
APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.
On October 21, 2021, as part of WEC Energy Group, Inc.'s (the "Company")
long-term succession plan, the Board of Directors of the Company (the "Board")
approved certain management changes.
The Board appointed Scott J. Lauber, the Company's Senior Executive Vice
President and Chief Operating Officer since June 1, 2020, to replace J. Kevin
Fletcher as President and Chief Executive Officer of the Company, effective
February 1, 2022. Mr. Fletcher, who announced his plan to retire in June 2022,
will serve as a senior adviser from February 1, 2022 until his retirement to
help with a smooth transition.
Mr. Lauber will report to Gale E. Klappa, Executive Chairman of the Board, who
will continue to serve in that role until May 2024.
In addition to serving as Senior Executive Vice President and Chief Operating
Officer of the Company, Mr. Lauber, age 56, serves in senior leadership roles at
the Company's significant utility and non-utility subsidiaries. Mr. Lauber has
served in a number of positions with increasing responsibilities since joining
the Company in 1990. He was appointed Senior Executive Vice President effective
February 2019 and Chief Financial Officer effective April 2016, a position he
held until June 1, 2020. Prior to these appointments, Mr. Lauber held the
following positions with the Company: Executive Vice President from April 2016
to February 2019; Treasurer from October 2018 to October 2019 and February 2013
to March 2016; and Vice President from February 2013 to March 2016.
Mr. Lauber's and Mr. Fletcher's compensation arrangements for their new roles
have not yet been determined, but will be prior to February 1, 2022.
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