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Kevin Akers

President, Chief Executive Officer, and Director at ATMOS ENERGY
Board
Since October 1, 2019
Age
61 years
Tenure
Joined Atmos Energy in 1991 and held various leadership roles including President of the Mississippi Division (2002), President of the Kentucky/Mid-States Division (May 2007 - December 2016), Senior Vice President (January 2017 - November 2018), Executive Vice President (November 2018 - September 2019), culminating in the appointment as President, Chief Executive Officer and Director on October 1, 2019.

Also at ATMOS ENERGY

CTF
Christopher T. Forsythe
Senior Vice President and Chief Financial Officer
JBP
Jessica Bateman Pulliam
Senior Vice President, General Counsel, and Corporate Secretary
JMR
John M. Robbins
Senior Vice President, Human Resources

About

Kevin Akers has devoted over three decades to the natural gas industry, beginning his career at Atmos Energy in 1991.

Over the years, he advanced through several key leadership positions, driving operational excellence and safety across multiple regional divisions and executive roles.

In his extensive career at Atmos Energy, significant efforts were made to modernize infrastructure and enhance regulatory compliance, reflecting his commitment to innovative and prudent capital investment strategies.

His leadership continues to be pivotal in guiding the company towards sustained growth and reliability, underscoring a professional journey marked by strategic foresight and operational dedication.

$ATO Performance Under Kevin Akers

Past Roles

OrganizationRoleDate RangeDetails
Atmos Energy CorporationExecutive Vice PresidentNovember 6, 2018 - September 30, 2019Oversaw Atmos Pipeline Texas (APT)
Atmos Energy CorporationSenior Vice President, Safety and Enterprise ServicesJanuary 1, 2017 - November 5, 2018Oversaw customer service, facilities management, safety, and supply chain management
Atmos Energy CorporationPresident of the Kentucky/Mid-States DivisionMay 2007 - December 31, 2016Held leadership responsibilities
Atmos Energy CorporationPresident of the Mississippi Division2002 - 2007Led the Mississippi Division operations

Fixed Compensation

Data from  FY 2024
Component NameAmountPayment ScheduleAdditional Details
Base Salary $1,100,000 Annually (FY 2024) Fixed base salary for President & CEO
Retirement Contributions $13,638 Annually (FY 2024) Company contributions to retirement savings plan
Term Life Insurance Premium $1,705 Annually (FY 2024) Cost for premiums for company-paid term life insurance

Performance Compensation

Data from  FY 2024

Performance-Based RSUs

Metric [Unit/Scale]ValueDetails
Performance Period [None]Oct 1, 2023 - Sep 30, 2026 Evaluation period for cumulative EPS over three fiscal years
Performance Metric [None]Cumulative EPS Levels: Below Threshold: < $19.95 (0% award); Threshold: $19.95 (50% award); Target: $21.00 (100% award); Maximum: $22.05 (200% award)
Grant Date [None]May 7, 2024 Date when RSUs were granted
Grant Date Fair Value [USD]$3,420,205 Fair value at target performance level
Grant Date Stock Price [USD/share]$119.86 Price per share at grant date
RSUs Granted [Units]Threshold: 14,268; Target: 28,535; Maximum: 57,070 Number of RSUs based on performance attainment
Vesting Schedule [None]Primary vesting on Sep 30, 2026; Partial vesting on Sep 30, 2025 Vesting is contingent upon meeting cumulative EPS targets
LTIP Weight [Percent]75% Weighting of performance-based RSUs in the overall long-term incentive plan

Non-Equity Incentive Plan Compensation

Metric [Unit/Scale]ValueDetails
Performance Metric [None]EPS Threshold: $6.20 (50% payout); Target: $6.53 (100% payout); Adjusted: $6.73 (161%); Maximum: $6.86 (200%); Actual EPS: $6.83 (191% payout)
Grant Date [None]Oct 1, 2023 Date of award determination
Payouts [USD]Threshold: $605,000; Target: $1,210,000; Maximum: $2,420,000 Cash-based awards based on EPS performance; payout levels set according to the company’s performance
Vesting Schedule [None]No vesting schedule Awards are paid annually based on fiscal year performance
Additional Condition [None]TSR cap applies if negative If Total Shareholder Return (TSR) is negative, payout is capped at the target level