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Gerardo Norcia

Chairman and CEO at DTE ENERGY
Board
Since 2019
Age
61 years
Tenure
Has served at DTE Energy for over two decades since 2002, holding leadership roles such as President and COO across various divisions, and ultimately becoming CEO in 2019 and Chairman in 2022.

Also at DTE ENERGY

DR
David Ruud
Executive Vice President and CFO
DMA
Diane M. Antishin
SVP - Human Resources and Chief Diversity and Inclusion Officer
JC
JoAnn Chavez
Senior Vice President and Chief Legal Officer

About

Gerardo Norcia, currently aged 61, brings over 30 years of experience in the energy industry to his role as CEO and Chairman of DTE Energy. His extensive career is highlighted by a series of senior leadership positions, which began in 2002 as President and COO of DTE Gas Storage and Pipelines, and progressed through roles in DTE Gas and DTE Electric.

Throughout his tenure, he has been instrumental in shaping the strategic direction of the company, having steered various divisions through significant operational transformations. His journey at DTE Energy reflects a deep commitment to excellence in business development, engineering, and operational efficiency, qualities that have consistently driven the company's growth.

In his current capacity, which started with his appointment as CEO in 2019 and further expanded when he assumed the Chairmanship in 2022, he continues to emphasize leadership in strategic planning, customer service, and organizational effectiveness. His record demonstrates a strong ability to integrate diverse roles and responsibilities, making him a central figure in advancing DTE Energy’s long-term vision and operational success.

$DTE Performance Under Gerardo Norcia

Past Roles

OrganizationRoleDate Range
DTE Electric President and COO 2013–2016
DTE Gas President and COO 2007–2013
DTE Gas Storage and Pipelines President and COO 2002–2007

Fixed Compensation

Data from  FY 2025
Component NameAmountPayment ScheduleAdditional Details
Base SalaryN/AAnnualUsed as the basis for calculating incentive awards (AIP and LTIP). Most recent year-end base salary is referenced but the exact dollar figure is not provided

Performance Compensation

Data from  FY 2025

Annual Incentive Plan (AIP) for 2025

Metric NameWeight (%)ThresholdTargetMaximumVesting ScheduleAdditional Details
DTE Energy Operating Earnings Per Share 20%N/AN/AN/AN/ACalculated by multiplying the most recent year-end base salary by the target award percentage (75%-145%) and then applying a performance payout percentage (0%-200%) based on final results
DTE Energy Cash From Operations 20%N/AN/AN/AN/A
Customer Satisfaction Score 15%N/AN/AN/AN/A
DTE Energy Employee Engagement-Gallup 5%N/AN/AN/AN/A
DTE Energy Safety Performance 10%N/AN/AN/AN/A
Utility Operating Excellence Index 30%N/AN/AN/AN/A

Additional Details for the AIP:

  • Target Award Percentage: Ranges from 75% to 145% of base salary.
  • Performance Payout Percentage: Ranges from 0% to 200% based on performance relative to undefined threshold, target, and maximum goals.
  • Missing Information: Specific thresholds, targets, maximum goals, conditions, and vesting schedules are not provided.

Long-Term Incentive Plan (LTIP) for 2025

ComponentDetails
PurposeRewards long-term growth and profitability with stock-based awards
Target AwardExpressed as a percentage of base salary. For 2025 awards (payout in 2028), range is 190% to 625%
Form of CompensationRestricted stock and performance shares

Additional Details for the LTIP:

  • Missing Information: No details on performance metrics, thresholds, targets, vesting schedules, evaluation periods, grant dates, grant date fair value, or grant date stock price are provided.