Leverett resigns as WEC Energy Group President; will remain on board of directors

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Oct 09, 2018, 16:10 ET

MILWAUKEE, Oct. 9, 2018 /PRNewswire/ -- WEC Energy Group (NYSE: WEC) announced today that Allen Leverett, who has been on medical leave since suffering a stroke last October, has decided to resign his position as President of the company, but will continue to serve as a member of the board of directors.

Leverett, age 52, has held senior leadership roles at WEC Energy and its predecessor companies since 2003. He was named President and Chief Executive Officer of the company in May 2016.

"I know I speak for the entire board in saying how delighted we are that Allen will continue to bring his insight and experience to our deliberations," said Gale Klappa, Chairman and Chief Executive Officer.

WEC Energy Group (NYSE: WEC), based in Milwaukee, is one of the nation's premier energy companies, serving 4.5 million customers in Wisconsin, Illinois, Michigan and Minnesota.

The company's principal utilities are We Energies, Wisconsin Public Service, Peoples Gas, North Shore Gas, Michigan Gas Utilities, Minnesota Energy Resources and Upper Michigan Energy Resources. The company's other major subsidiary, We Power, designs, builds and owns electric generating plants.

WEC Energy Group (wecenergygroup.com), is a Fortune 500 company and a component of the S&P 500. The company has approximately 50,000 stockholders of record, 8,000 employees, and more than $31 billion of assets.

SOURCE WEC Energy Group