Alliant Energy Corporation Announces Departure of Director and Addition of New Member

Strategic Insights -

Alliant Energy Corporation has filed a Form 8-K with the Securities and Exchange Commission (SEC) announcing the departure of Director Dean Oestreich and the appointment of new member Stephanie L. Cox to the boards of Alliant Energy Corporation, Interstate Power and Light Company, and Wisconsin Power and Light Company. Cox, a 54-year-old executive with a 28-year career in various leadership roles at Schlumberger Limited and John Wood Group PLC, will stand for election as a nominee for director at the company's 2023 Annual Meeting of Shareowners. As a non-employee director, Cox will receive an annual retainer of $270,000 for her service on the boards.

Key Takeaways:

  • Dean Oestreich, a member of the boards of Alliant Energy Corporation, Interstate Power and Light Company, and Wisconsin Power and Light Company, plans to retire from his position effective February 11, 2023.
  • Stephanie L. Cox was appointed as a member of the boards effective February 11, 2023, and will serve as a member of the Compensation and Personnel Committee and the Operations Committee.
  • Cox has a 28-year career in leadership roles at Schlumberger Limited and John Wood Group PLC, and will receive an annual retainer of $270,000 for her service on the boards.
  • The appointment of Cox is subject to election by the Alliant Energy shareholders at the 2023 Annual Meeting of Shareowners.
  • Cox will serve as a non-employee director and will receive compensation in accordance with the non-employee director compensation practices described in Alliant Energy's Definitive Proxy Statement filed with the SEC on March 31, 2022.
  • The boards of Alliant Energy Corporation, Interstate Power and Light Company, and Wisconsin Power and Light Company are now composed of six members: Donald M Price, Edward M Woolf, Jon A Dekumbis, Julie Mock, Stephanie L Cox, and John L Macfarlane.

Statistics:

  • 54 years: the age of Stephanie L. Cox at the time of her appointment
  • 28 years: Cox's career span in leadership roles at Schlumberger Limited and John Wood Group PLC
  • 2022: the year Cox served as Executive President of Operations at John Wood Group PLC
  • $270,000: the annual retainer received by Cox for her service on the boards as a non-employee director
  • February 11, 2023: the effective date of Cox's appointment to the boards and Oestreich's retirement

Sources:

  • UNITED STATES SECURITIES AND EXCHANGE COMMISSION (2023). Alliant Energy Corporation. FORM 8-K. January 4, 2023.