Cain will help modernize infrastructure, mitigate security risks and enable AI

Xcel Energy (NASDAQ: XEL) announced today that Rob Cain has been named its senior vice president, chief technology officer, effective immediately. Cain will lead the company’s Technology and Security Services organization, taking over the role held by Tim Peterson, who accepted a position outside of the company.

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Rob Cain

The Technology and Security Services organization is vital to Xcel Energy’s resilience, innovation and success. Cain will oversee its key role in modernizing the company’s infrastructure, mitigating cyber and physical security risks, and enabling AI and other advanced digital solutions to reshape the company’s operations and improve the employee and customer experience.

“Rob’s strategic acumen and global perspective will be invaluable as we advance our technology and security vision and accelerate modernization across the enterprise,” said Bob Frenzel, chairman, president and CEO of Xcel Energy. “He will help us make energy work better by empowering our people, delivering for our customers and strengthening our enterprise capabilities.”

Cain is an accomplished leader who has guided major retail and customer-focused organizations through complex digital transformations and systems modernization for more than three decades. His teams strive to improve effectiveness, efficiency, operational performance and stakeholder experiences.

For the past seven years, he served as a partner in the Minneapolis office of consulting firm McKinsey & Co., where he led McKinsey Technology’s North America consumer and retail practice. This group assisted Xcel Energy in refining its customer strategy and journey design across residential and commercial segments.

Prior to consulting at McKinsey, Cain was a partner with PriceWaterhouse Coopers, leading the firm’s US Technology & Digital Consulting Practice. He previously served as chief information officer at The Coca‑Cola Company, overseeing global corporate IT, and was chief information officer of its major German bottling operation. He is recognized for driving innovation in digital, analytics and AI, and has published widely on technology leadership and transformation.

Cain holds a master of business administration degree from the University of Minnesota and a bachelor of arts degree in English language and literature from the University of Notre Dame.

About Xcel Energy

Xcel Energy (NASDAQ: XEL) is a leading energy provider, dedicated to serving millions of customers with excellence. We make energy work better for customers, helping them thrive every day. That means always raising the bar — delivering better service and providing more reliable, resilient and sustainable energy.

We are committed to leading the clean energy transition, meeting our customers’ need for more, cleaner power, while keeping bills as low as possible. Because the people we serve depend on us to power their lives.

Headquartered in Minneapolis, we work every day to generate and distribute electricity and gas to customers across eight states: Minnesota, Colorado, Wisconsin, Michigan, North Dakota, South Dakota, New Mexico and Texas. For more information, visit xcelenergy.com or follow us on X and Facebook.

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