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CMS Energy Stock Price

62.70 +0.39 +0.63% Volume: 1,830,424 11.25.20 04:02 ET

CMS Energy Stock Price

25Nov2020 04:02 ET 62.70 +0.39 +0.63% Volume: 1,830,424

Media Contacts

MEGAN
BROWN
Senior Director of Public Relations
and Communications
517-788-6538
megan.brown@cmsenergy.com
KATIE
CAREY
Director of Media Relations
517-788-2395
katelyn.carey@cmsenergy.com
BRIAN
WHEELER
Senior Public Information Director
517-788-2394
brian.wheeler@cmsenergy.com

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Please note that you are now entering a website directly or indirectly maintained by a third party (the "External Site") and that you do so at your own risk.

CMS Energy, Corp. (“CMS”) has no control over the External Site, any data or other content contained therein or any additional linked websites. The link to the External Site is provided for convenience purposes only. By clicking “Accept” you acknowledge and agree that neither CMS nor third party provider Virtua Research, Inc. (“Virtua) is responsible, or accepts or assumes any responsibility or liability whatsoever for, the content, the data or the technical operation of the Linked Site. Further, by entering the External Site, you also acknowledge and agree that you completely and irrevocably waive any and all rights and claims against CMS and Virtua and further acknowledge and agree that in no event shall CMS or Virtua, its officers, employees, directors and agents be liable for any (i) indirect, consequential, incidental, special, compensatory or punitive damages, (ii) damages for loss of income, loss of business profits, business interruption, loss of data or business information, loss of or damage to property, (iii) claims of third parties, or (iv) other pecuniary loss, arising out of or related to the Legal Notice, this disclaimer or the External Site

By entering the External Site, you further acknowledge and agree that the disclaimer of warranties and limitations of liability set out in this disclaimer shall apply regardless of the causes, circumstances or form of action giving rise to the loss, damage, claim or liability, even if such loss, damage, claim or liability is based upon breach of contract (including, without limitation, a claim of fundamental breach or breach of a fundamental term), tort (including, without limitation, negligence), strict liability or any other legal or equitable theory, and even if CMS and Virtua are advised of the possibility of the loss, damage, claim or liability. The waiver and release specifically includes, without limitation, any and all rights and claims pertaining to the processing of personal data, including but not limited to any rights under any applicable data protection statute(s). If in any jurisdiction, any part of this disclaimer is held to be unenforceable by a court of competent jurisdiction, such part of this disclaimer shall be restricted or eliminated to the minimum extent and the remaining disclaimer shall otherwise remain in full force and effect.

Please note the information presented is deemed representative at the time of its original release. Changes in historical information may occur due to adjustments in accounting and reporting standards & procedures.

Non-GAAP Information

In addition to disclosing results determined in accordance with GAAP, CMS may also disclose certain non-GAAP and pro forma non-GAAP results of operations, including net income, earnings per share, and operating income that make certain adjustments or exclude certain charges and gains that are outlined in the schedules included in this website. CMS provides historical financial results on both a GAAP and non-GAAP basis. Management views adjusted earnings as a key measure of the company’s present operating financial performance and uses adjusted earnings for external communications with analysts and investors. Internally, the company uses adjusted earnings to measure and assess performance. Adjustments could include items such as discontinued operations, asset sales, impairments, restructuring costs, regulatory items from prior years, or other items. Because the company is not able to estimate the impact of specific line items, which have the potential to significantly impact, favorably or unfavorably, the company’s reported earnings in future periods, the company is not providing reported earnings guidance nor is it providing a reconciliation for the comparable future period earnings.

CMS and Virtua also take no responsibility for third party pricing data provided for informational purposes and certain ratio results formulated from the provided third party pricing data. The non-GAAP information is not prepared in accordance with GAAP and may not be comparable to non-GAAP information used by other companies. The non-GAAP information should be considered supplemental information to assist in fully understanding our business results, rather than as a substitute for the reported earnings.

A reconciliation of each of these non-GAAP measures to the most directly comparable GAAP measure is included as a separate link and also posted on the CMS website at www.cmsenergy.com.

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News Releases

CMS Energy Announces Patti Poppe Stepping Down as CEO, Garrick Rochow Named President, CEO

Nov 18, 2020

JACKSON, Mich., Nov. 18, 2020 /PRNewswire/ -- CMS Energy announced today that Patti Poppe is leaving the company, effective December 1, 2020, to take the position as CEO at PG&E Corporation in California. Garrick Rochow, current executive vice president of operations, will succeed Poppe as CMS Energy and Consumers Energy president and chief executive officer and on CMS Energy's Board of Directors. Poppe has served as president and chief executive officer of CMS Energy and Consumers Energy since 2016.

"I'm pleased to announce Garrick Rochow as president and CEO of CMS Energy and Consumers Energy. Garrick's leadership approach, vast industry and company expertise will take CMS Energy and Consumers Energy to the next level," said John G. Russell, chairman of the CMS Energy Board of Directors. "You can count on CMS Energy to have consistent and predictable performance because of our strong succession planning and the quality of our executive team. I wish Patti the best of luck."

"Since 2011, I have considered CMS Energy as my home and my co-workers as my family and I will miss everyone immensely," said Patti Poppe, outgoing President and CEO of CMS Energy and Consumers Energy. "Garrick is a world class leader and will continue to deliver on the triple bottom line of people, planet and prosperity as we have for many years now."

Rochow, 46, has been with CMS Energy for 17 years, with over 20 years of industry experience, and has held his current position since July 2016. In this role, he is responsible for the company's electric and natural gas distribution and transmission operations, generation, and compression operations. Prior to this role, Rochow served in a variety of leadership positions across the business as Consumers Energy's senior vice president of distribution and customer operations, vice president of customer experience, rates and regulation and quality and chief customer officer after serving as vice president of energy delivery. He also works closely with the Michigan Public Service Commission, state and federal legislators and is on the Board of Directors of the Right Place in Grand Rapids.

Rochow graduated from Michigan Technological University with a bachelor's degree in environmental engineering and earned a master's degree in business administration from Western Michigan University. He also has attended an executive education program at the University of Wisconsin-Madison's Wisconsin School of Business.

"I am honored to have the opportunity to lead a company with amazing co-workers who make a difference every day for our customers, investors and the communities we serve," said Rochow. "I look forward to continuing our strong operational and financial performance, while creating an environment that keeps our customers and co-workers safe, reflects our culture and is inclusive and respectful of everyone."

CMS Energy (NYSE: CMS) is a Michigan-based company that has an electric and natural gas utility, Consumers Energy, as its primary business. It also owns and operates independent power generation businesses.

Check out Consumers Energy on Social Media
Facebook: https://www.facebook.com/consumersenergymichigan
Twitter: https://twitter.com/consumersenergy  
LinkedIn: https://linkedin.com/company/consumersenergy  
Instagram: https://www.instagram.com/consumersenergy

 

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/cms-energy-announces-patti-poppe-stepping-down-as-ceo-garrick-rochow-named-president-ceo-301175668.html

SOURCE CMS Energy

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