Garrick J. Rochow

President and CEO at CMS ENERGY

Board

Since December 1, 2020

Age

50 years

Tenure

Joined CMS Energy around 2005 and progressed through multiple leadership roles, including Senior Vice President, Executive Vice President, and ultimately became President and CEO in December 2020.

Also at CMS ENERGY

BJH

Brandon J. Hofmeister

Senior Vice President

BFR

Brian F. Rich

Senior Vice President and Chief Customer Officer

CAH

Catherine A. Hendrian

Senior Vice President

About

Garrick J. Rochow is a seasoned executive with over 20 years of experience in the utility industry, demonstrating a consistent commitment to operational excellence and strategic innovation. His extensive career at CMS Energy has seen him take on pivotal roles, including managing electric and natural gas distribution and transmission, overseeing regulatory compliance, and driving key operational improvements.

Since joining CMS Energy around 2005, his career trajectory has been marked by progressive responsibility—transitioning from roles in customer operations to senior leadership positions, and eventually serving as the Senior Vice President, then Executive Vice President, before his appointment as President and CEO on December 1, 2020.

Beyond his operational leadership, his influence extends into the broader utility and business community through multiple board memberships with organizations such as the American Gas Association, Edison Electric Institute, and Business Leaders for Michigan, underscoring his commitment to industry excellence and community engagement.

$CMS Performance Under Garrick J. Rochow

Past Roles

Organization	Role	Date Range	Details
CMS Energy/Consumers Energy	Responsible for electric and natural gas distribution and transmission operations, generation and compression operations, regulatory compliance, planning and scheduling, and operations performance	July 2016 - November 2020	Held before his promotion to President and CEO
CMS Energy/Consumers Energy	Senior Vice President of Distribution and Customer Operations	N/A [N/A]	Held prior to becoming President and CEO
CMS Energy/Consumers Energy	Vice President of Customer Experience, Rates and Regulation, and Quality	N/A [N/A]	Held prior to becoming President and CEO
CMS Energy/Consumers Energy	Chief Customer Officer	N/A [N/A]	Held prior to becoming President and CEO
CMS Energy/Consumers Energy	Vice President of Energy Delivery	N/A [N/A]	Held prior to becoming President and CEO

External Roles

Organization	Role	Date Range
American Gas Association	Board Member	N/A [N/A]
Edison Electric Institute	Board Member	N/A [N/A]
Business Leaders for Michigan	Board Member	N/A [N/A]
The Right Place	Board Member	N/A [N/A]
Priority Health	Board Member	N/A [N/A]
New Community Transformation Fund	Board Member	N/A [N/A]
West Michigan Policy Forum	Board Member	N/A [N/A]
Grand Rapids Economic Club	Board Member	N/A [N/A]
American Gas Foundation	Board Member	N/A [N/A]

Fixed Compensation

Data from FY 2023

Component Name	Amount	Payment Schedule	Additional Details
Base Salary	$1,235,000	2023 (Annually)	Fixed base salary for 2023.
All Other Compensation	$423,851	2023 (Annually)	Inclusive of Registrant Contributions to Employees’ Savings Plan and DCCP ($40,711 ), Nonqualified Deferred Compensation ($377,900 ), Life Insurance Premium ($1,440 ), and Executive Physical ($3,800 ).

Performance Compensation

Data from FY 2023

Annual Incentive Plan (Non-Equity Incentive Plan Compensation)

Parameter (Unit)	Value	Additional Details
Performance Metrics	EPS (70%) and Utility (30%)	Adjusted EPS excludes items such as asset sales, restructuring, etc.
Target EPS ($)	3.06	Based on GAAP; Adjusted EPS result is 3.11
Actual GAAP EPS ($)	3.01
Payout Achievement (%)	140%	Payout multiplier based on performance
Target Award Percentage (%)	125%	125% of Base Salary
Base Salary ($)	$1,235,000	Used in the incentive payout calculation
Evaluation Period	2023	Cash incentive paid in March 2024 upon one-year performance period

Equity Incentive Plan Awards (Performance-Based Restricted Stock)

Parameter	Value	Additional Details
Performance Metrics	Relative TSR, EPS Growth	Each weighted at 50%
Performance Period	Jan 1, 2023 - Dec 31, 2025	Three-year performance period
Threshold Shares (units)	35,089	Minimum performance level
Target Shares (units)	70,178	Target performance level
Maximum Shares (units)	140,356	Maximum performance level
Grant Date	Jan 26, 2023
Grant Date Fair Value ($)	$4,572,377	Based on probable outcome; note EPS component alone would be $4,381,914
Vesting Date	Jan 26, 2026	100% vesting contingent on achieving performance goals

Outstanding Equity Awards (Performance-Based Restricted Stock)

Parameter	Value	Additional Details
Performance Metrics	Relative TSR, EPS Growth	Each weighted equally at 50%
Performance Period	Jan 1, 2023 - Dec 31, 2025	Three-year performance period
Payout Levels	Threshold: 50%, Target: 100%, Maximum: 200%	Payout percentage based on achievement levels
Target Shares - TSR (units)	36,294	For TSR component
Target Shares - EPS (units)	36,294	For EPS growth component
Total Target Shares (units)	72,588	Sum of TSR and EPS component
Grant Date	Jan 26, 2023
Grant Date Fair Value - TSR ($)	$2,190,957
Grant Date Fair Value - EPS ($)	$2,190,957	Total fair value amounts to $4,381,914
Vesting Date	Mar 26, 2026	100% vesting upon performance; pro-rata vesting applies for retirement/disability