Minneapolis-based Xcel Energy has promoted George E. Tyson II to senior vice president, corporate development, a newly established position.
Tyson will oversee Xcel’s expansion strategy. He has held several leadership roles in his 13 years at the company, most recently as senior vice president and treasurer.
“George’s leadership has been key to putting Xcel Energy in the excellent financial position we are in today,” said Ben Fowke, chairman, president and CEO of Xcel Energy. “George will apply that same disciplined approach to our growth initiatives, creating great value for both shareholders and consumers.”
Prior to joining Xcel, Tyson worked in the investment banking and acquisition sectors. He holds an MBA from University of Chicago.
Brian J. Van Abel will succeed Tyson as vice president, treasurer at Xcel. Van Abel joined the company in 2009.
“Brian’s experience will assure a smooth transition and continued success in managing our financial position,” Fowke said.