Xcel Energy Inc. named Robert (Bob) Frenzel as executive vice president and chief financial officer, effective May 3, 2016. Frenzel replaces Teresa Madden, who previously announced her retirement. Frenzel brings more than 17 years of experience in energy, banking and consulting and an additional six years of experience as an officer in the U.S. Navy.

He most recently served as senior vice president and CFO for Luminant. In that role he led strategic and financial planning, financial accounting, performance management, budgeting and capital allocation, and supply chain strategy and operations.