WEC Energy Group Appoints Caroline Garcia as Vice President & Controller

What Happened

• WEC Energy Group announced that Caroline Garcia, age 50, will join the company as Vice President and Controller effective August 31, 2026. Ms. Garcia joins from TXNM Energy, where she has served as Director of Audit Services since 2024, and previously served as an Audit Partner at KPMG LLP from 1999 to 2024. She is a Certified Public Accountant.
• Ms. Garcia’s appointment follows William J. Guc’s notice that he intends to retire in early 2027. Effective August 31, 2026, Mr. Guc will become a special advisor to the company’s Chief Financial Officer to support the transition.

Key Details

• Start date: August 31, 2026.
• Compensation: annual base salary $335,000; short-term target award 50% of base salary (prorated to start date); long-term incentive target 70% of base salary with first long-term awards effective 2027.
• Benefits: eligibility for the company’s 401(k) Plan, Executive Deferred Compensation Plan and other benefit plans.
• Succession: Ms. Garcia succeeds William J. Guc, who will assist with the transition as special advisor before retiring in early 2027.

Why It Matters

• The filing (Item 5.02) notifies investors of a leadership change in financial reporting and controls—important for oversight of accounting, audits and investor transparency.
• The company has put a transition plan in place (Guc becoming special advisor) to promote continuity in the finance function, and the hire brings significant audit and energy-sector experience.