WEC Energy Group, Inc. filed a Form 8-K on August 11, 2026, disclosing the appointment of Caroline Garcia as Vice President and Controller, effective August 31, 2026, under Item 5.02 of the Securities Exchange Act of 1934.

Key Highlights

  • New appointment: Caroline Garcia, age 50, will serve as Vice President and Controller of WEC Energy Group, effective August 31, 2026.
  • Annual base salary: Ms. Garcia's base salary will be $335,000, prorated to her August 31, 2026 start date.
  • Short-term incentive target: Her target award under the company's short-term performance plan will be 50% of base salary, prorated to the start date.
  • Long-term incentive target: Her target under the long-term incentive plan will be 70% of base salary, with first awards effective with the 2027 award.
  • Predecessor transition: William J. Guc, whom Ms. Garcia succeeds, will move to a special advisor role to the Chief Financial Officer as of August 31, 2026, ahead of his planned retirement in early 2027.
  • Prior experience: Ms. Garcia most recently served as Director of Audit Services at TXNM Energy since 2024, and before that as an Audit Partner at KPMG LLP from 1999 to 2024.

WEC Energy Group's VP and Controller Appointment: Key Terms and Background

According to the filing, WEC Energy Group (NYSE:WEC) and Caroline Garcia entered into an agreement on August 5, 2026, under which Ms. Garcia will assume the role of Vice President and Controller. The company disclosed that Ms. Garcia is a Certified Public Accountant whose nearly 25-year career at KPMG LLP focused primarily on the energy, utility, and natural resources sectors before she joined TXNM Energy in 2024 as Director of Audit Services.

The filing states that Ms. Garcia's annual base salary will be $335,000, with both her base salary and her 50% short-term performance plan target prorated to her August 31, 2026 start date. Her long-term incentive plan target is set at 70% of base salary, according to the filing, with the first long-term awards to be granted effective with the 2027 award cycle. The company also disclosed that Ms. Garcia is eligible to participate in the company's 401(k) Plan, Executive Deferred Compensation Plan, and other benefit plans.

The filing notes that Ms. Garcia is succeeding William J. Guc, who, "as previously reported, notified the Company that he intends to retire in early 2027." Effective August 31, 2026, the filing states, Mr. Guc will assume the position of special advisor to the company's Chief Financial Officer to help ensure a smooth transition. The 8-K was signed by Mr. Guc in his capacity as Vice President and Controller on August 11, 2026.

What Was Disclosed

WEC Energy Group disclosed the appointment of Caroline Garcia as Vice President and Controller, effective August 31, 2026, including her compensation terms, her professional background, and the transition plan involving her predecessor, William J. Guc.