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Robert C. Frenzel

Also Known As Frenzel, Bob

Robert C. Frenzel's profile picture

Robert C. Frenzel is chairman, president, and CEO of Xcel Energy, Inc. (XEL)

Bob Frenzel is Chairman, President and Chief Executive Officer of Xcel Energy, one of the largest public utilities in the country. The Fortune 500 energy company, headquartered in Minneapolis, serves utility customers in parts of eight states, providing electricity to 3.7 million customers and natural gas service to 2.1 million customers. In 2018, Xcel Energy was the first company to announce a vision to produce carbon-free electricity by 2050.

Prior to becoming CEO, Frenzel served as President and Chief Operating Officer, where he led Xcel Energy’s four utility operating

companies, as well as the transmission, distribution and natural gas operations. Previously, he served as Chief Financial Officer, where he led the finance, tax, accounting, and corporate development functions of Xcel Energy and its subsidiary companies.

Frenzel joined Xcel Energy in 2016 from Energy Future Holdings, where he served as Senior Vice President and Chief Financial

Officer for Luminant, its competitive power generating subsidiary, and prior to that, Senior Vice President of Strategy and Corporate Development.

Frenzel previously worked as Vice President in the Investment Banking Division of Goldman Sachs, following his tenure as

a manager and senior consultant in the strategy, finance and economics practice at Arthur Anderson. After college, he served

in the United States Navy for six years, working as a nuclear engineering officer and weapons officer. Following active duty,

Frenzel served in the Navy Reserves and was promoted to lieutenant commander.


  • Master of Business Administration - MBA, Concentrations in Finance & Strategic Mgmt. - University of Chicago Booth School of Business
  • Bachelor of Industrial Engineering - Georgia Institute of Technology
  • Engineer’s Degree, Nuclear Power Engineering Technology - U.S. Navy Nuclear Power School


  • Xcel Energy - CEO
  • Xcel Energy - Chairman
  • Xcel Energy - President