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    Garrick J. Rochow

    President and CEO at CMS Energy Corp
    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 Corp

    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 NameAmountPayment ScheduleAdditional 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)ValueAdditional Details
    Performance MetricsEPS (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 Period2023Cash incentive paid in March 2024 upon one-year performance period

    Equity Incentive Plan Awards (Performance-Based Restricted Stock)

    ParameterValueAdditional Details
    Performance MetricsRelative TSR, EPS GrowthEach weighted at 50%
    Performance PeriodJan 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 DateJan 26, 2023
    Grant Date Fair Value ($)$4,572,377 Based on probable outcome; note EPS component alone would be $4,381,914
    Vesting DateJan 26, 2026 100% vesting contingent on achieving performance goals

    Outstanding Equity Awards (Performance-Based Restricted Stock)

    ParameterValueAdditional Details
    Performance MetricsRelative TSR, EPS GrowthEach weighted equally at 50%
    Performance PeriodJan 1, 2023 - Dec 31, 2025 Three-year performance period
    Payout LevelsThreshold: 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 DateJan 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 DateMar 26, 2026 100% vesting upon performance; pro-rata vesting applies for retirement/disability