Xcel Energy named George E. Tyson II senior vice president, corporate development — a newly established position.
In his new role, Tyson will oversee Xcel Energy’s strategy to expand the business, providing leadership in pursuing new investment opportunities that position the company to achieve its long-term growth objectives.
“George’s leadership has been key to putting Xcel Energy in the excellent financial position we are in today,” said Ben Fowke, chairman, president and CEO of Xcel Energy. “George will apply that same disciplined approach to our growth initiatives, creating great value for both shareholders and consumers.”
Tyson is currently senior vice president and treasurer of Xcel Energy and has held several leadership roles in his 13 years with the company. Prior to joining Xcel Energy, Tyson worked at Deutsche Bank Securities, Bankers Trust Co. and Amoco Corp. with roles in investment banking and acquisition assessment. Tyson earned a Master of Business Administration degree in finance and accounting from the University of Chicago and a bachelor’s degree in economics from the University of Virginia.
With Tyson’s promotion, Brian J. Van Abel will become vice president, treasurer. Van Abel is currently the assistant treasurer and has held roles in the regulatory and finance areas since he joined Xcel Energy in 2009.
“Brian’s experience will assure a smooth transition and continued success in managing our financial position,” Fowke said.
“Opportunities for effective growth are abundant, and we are always exploring innovative ways to make Xcel Energy the utility of future,” Fowke said.
Xcel Energy 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 in Minneapolis.