Gale E.  Klappa net worth and biography

Gale Klappa Biography and Net Worth

Chairman of WEC Energy Group

Gale Klappa was appointed executive chairman and to the Office of the Chair of WEC Energy Group by the board of directors, effective Feb. 1, 2019.

Klappa previously served as chairman and chief executive officer of WEC Energy Group after being reappointed by the board of directors in October 2017 to provide continuity following his successor suffering a medical setback. Prior to his reappointment, Klappa served as non-executive chairman of WEC Energy Group after retiring as CEO in May 2016.

Based in Milwaukee, WEC Energy Group is one of the nation’s premier energy companies, serving 4.6 million electric and natural gas customers in Wisconsin, Illinois, Michigan and Minnesota.

Klappa has more than 40 years of experience working in the public utility industry, and more than 25 years at the senior executive level. From May 2004, Klappa served as chairman and chief executive officer of Wisconsin Energy and We Energies. Under his leadership, the company successfully completed its June 2015 acquisition of Integrys Energy Group, at which time he assumed those same roles for WEC Energy Group.

Prior to joining the company, Klappa served in various executive leadership roles at Southern Co., a public utility holding company serving the southeastern United States. With his extensive experience in the business operations and C-suite leadership of publicly regulated utilities, his service as a board member for two other public companies, and his contributions to significant economic development initiatives in southeastern Wisconsin, Klappa leads the company and board with a deep understanding of the investment decisions and public policy issues facing large public companies.

Klappa joined Wisconsin Energy as president in April 2003. He was elected to the company’s board of directors in December 2003.

Previously in his career, he served as executive vice president, chief financial officer and treasurer of Southern Co. in Atlanta, Georgia. Klappa also was chief strategic officer at Southern Co., North American group president of Southern Energy Inc., and president and CEO of South Western Electricity – Southern Co.’s electric distribution utility in the United Kingdom. Before his assignment in the U.K., he was senior vice president of marketing for Georgia Power Co., a subsidiary of Southern Co.

Klappa is a 1972 graduate cum laude of the University of Wisconsin – Milwaukee (UWM), with a bachelor’s degree in mass communications.

In 2011, Klappa received an honorary Doctor of Commercial Science degree from UWM in recognition of his support for UWM’s growth initiative, his leadership in helping to shape the economic future of southeast Wisconsin through the launch of the Milwaukee 7 regional economic development initiative, and his extensive community involvement.

Klappa is a member of the board of directors of Associated Banc-Corp and Badger Meter Inc. He is co-chair of the Milwaukee 7. In addition, Klappa owns a minority interest in the Milwaukee Bucks – a National Basketball Association franchise.

Currently a member of the Executive Committee (officer) of the Metropolitan Milwaukee Association of Commerce (MMAC), he was MMAC chairman from 2007 to 2009. He also serves on the UWM School of Business Advisory Council.

He served as a director of the Edison Electric Institute for more than a decade and was a trustee for the Electric Power Research Institute from 2008 to 2015. He served as chairman of Nuclear Electric Insurance Limited from 2007 to 2010.

Electric Light & Power magazine named Klappa CEO of the Year in January 2012 — recognizing his role in executing the company’s Power the Future plan. This landmark plan added 50 percent more generating capacity to the company’s operating fleet while cutting emissions of sulfur dioxide, nitrogen oxide and mercury by 80 percent.

In September 2012, Corporate Responsibility magazine named Klappa Responsible CEO of the Year for his commitment to transparency, accountability and customer satisfaction.

He was named 2013 Wisconsin Business Leader of the Year by the Harvard Business School Club of Wisconsin, and in 2015, he was named to Institutional Investor magazine’s All-America Executive team for the sixth consecutive year.

Business Worldwide magazine named Klappa CEO of the Year — Electric and Natural Gas Industry for both 2016 and 2018, as well as Growth Strategy CEO of the Year — USA for 2018. In 2018, he was also named CEO of the Year by CEO Monthly Magazine for the Most Outstanding Energy Delivery Holding Company.

In 2021, he was named one of the 30 most inspiring leaders to watch by Silicon Review magazine.

What is Gale E. Klappa's net worth?

The estimated net worth of Gale E. Klappa is at least $22.31 million as of February 29th, 2024. Mr. Klappa owns 274,782 shares of WEC Energy Group stock worth more than $22,306,803 as of March 27th. This net worth approximation does not reflect any other investments that Mr. Klappa may own. Additionally, Mr. Klappa receives a salary of $4,590,000.00 as Chairman at WEC Energy Group. Learn More about Gale E. Klappa's net worth.

How old is Gale E. Klappa?

Mr. Klappa is currently 73 years old. There are 9 older executives and no younger executives at WEC Energy Group. Learn More on Gale E. Klappa's age.

What is Gale E. Klappa's salary?

As the Chairman of WEC Energy Group, Inc., Mr. Klappa earns $4,590,000.00 per year. Learn More on Gale E. Klappa's salary.

How do I contact Gale E. Klappa?

The corporate mailing address for Mr. Klappa and other WEC Energy Group executives is 231 WEST MICHIGAN STREET P O BOX 1331, MILWAUKEE WI, 53201. WEC Energy Group can also be reached via phone at (414) 221-2345 and via email at [email protected]. Learn More on Gale E. Klappa's contact information.

Has Gale E. Klappa been buying or selling shares of WEC Energy Group?

Over the course of the past ninety days, Gale E. Klappa has sold $2,925,694.20 of WEC Energy Group stock. Most recently, Gale E. Klappa sold 37,180 shares of the business's stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $78.69, for a transaction totalling $2,925,694.20. Following the completion of the sale, the chairman now directly owns 274,782 shares of the company's stock, valued at $21,622,595.58. Learn More on Gale E. Klappa's trading history.

Who are WEC Energy Group's active insiders?

WEC Energy Group's insider roster includes Joshua Erickson (VP), Robert Garvin (EVP), Gale Klappa (Chairman), Thomas Lane (Director), Scott Lauber (CFO), William Mastoris (EVP), Charles Matthews (CEO), Tom Metcalfe (Insider), Molly Mulroy (EVP), Ulice Payne, Jr. (Director), Anthony Reese (VP), James Schubilske (VP), Mary Straka (VP), and Glen Tellock (Director). Learn More on WEC Energy Group's active insiders.

Are insiders buying or selling shares of WEC Energy Group?

During the last twelve months, insiders at the utilities provider sold shares 4 times. They sold a total of 42,110 shares worth more than $3,340,568.90. The most recent insider tranaction occured on February, 29th when CEO Scott J Lauber sold 2,830 shares worth more than $223,258.70. Insiders at WEC Energy Group own 0.3% of the company. Learn More about insider trades at WEC Energy Group.

Information on this page was last updated on 2/29/2024.

Gale E. Klappa Insider Trading History at WEC Energy Group

Transaction DateBuy/SellNumber of SharesAverage Share PriceTotal TransactionShares Held After TransactionDetails
2/29/2024Sell37,180$78.69$2,925,694.20274,782View SEC Filing Icon  
11/11/2020Sell4,501$105.59$475,260.59214,342View SEC Filing Icon  
9/3/2019Sell90,610$96.43$8,737,522.30236,725View SEC Filing Icon  
8/30/2019Sell35,400$96.07$3,400,878.00236,725View SEC Filing Icon  
8/8/2019Sell73,669$88.43$6,514,549.67255,858View SEC Filing Icon  
5/24/2019Sell71,400$82.35$5,879,790.00View SEC Filing Icon  
5/24/2019Sell31,400$82.57$2,592,698.00View SEC Filing Icon  
5/22/2019Sell96,116$81.60$7,843,065.60View SEC Filing Icon  
5/22/2019Sell40,000$81.62$3,264,800.00View SEC Filing Icon  
5/20/2019Sell61,350$81.30$4,987,755.00View SEC Filing Icon  
5/20/2019Sell52,306$81.31$4,253,000.86View SEC Filing Icon  
5/17/2019Sell9,044$81.23$734,644.12View SEC Filing Icon  
2/22/2019Sell130,784$75.94$9,931,736.96View SEC Filing Icon  
2/21/2019Sell60,000$75.51$4,530,600.00View SEC Filing Icon  
2/20/2019Sell49,526$74.94$3,711,478.44View SEC Filing Icon  
2/19/2019Sell34,007$74.90$2,547,124.30View SEC Filing Icon  
12/3/2018Sell50,000$72.36$3,618,000.00View SEC Filing Icon  
12/3/2018Sell10,000$72.48$724,800.00View SEC Filing Icon  
11/30/2018Sell40,000$72.33$2,893,200.00View SEC Filing Icon  
11/20/2018Sell146,618$71.68$10,509,578.24View SEC Filing Icon  
11/15/2017Sell52,722$69.40$3,658,906.80View SEC Filing Icon  
8/24/2017Sell12,632$65.04$821,585.28View SEC Filing Icon  
8/23/2017Sell10,410$65.03$676,962.30View SEC Filing Icon  
8/21/2017Sell10,000$64.86$648,600.00View SEC Filing Icon  
8/18/2017Sell32,148$64.77$2,082,225.96View SEC Filing Icon  
8/16/2017Sell100,500$64.42$6,474,210.00View SEC Filing Icon  
5/5/2017Sell100,610$61.67$6,204,618.70View SEC Filing Icon  
3/2/2017Sell41,060$60.24$2,473,454.40View SEC Filing Icon  
6/3/2016Sell22,000$61.53$1,353,660.00170,827View SEC Filing Icon  
6/1/2016Sell15,628$60.39$943,774.92164,455View SEC Filing Icon  
5/31/2016Sell25,000$60.19$1,504,750.00173,804View SEC Filing Icon  
5/17/2016Sell9,372$60.16$563,819.52157,719View SEC Filing Icon  
5/10/2016Sell212,735$59.93$12,749,208.55263,804View SEC Filing Icon  
2/25/2016Sell40,000$57.98$2,319,200.00209,346View SEC Filing Icon  
2/23/2016Sell100,000$57.13$5,713,000.00245,914View SEC Filing Icon  
2/9/2016Sell17,877$57.61$1,029,893.97169,346View SEC Filing Icon  
2/8/2016Sell150,000$57.06$8,559,000.00169,346View SEC Filing Icon  
12/31/2015Sell21,790$51.80$1,128,722.00162,479View SEC Filing Icon  
8/14/2015Sell50,000$51.27$2,563,500.00View SEC Filing Icon  
11/5/2014Sell28,210$50.15$1,414,731.50View SEC Filing Icon  
11/3/2014Sell100,000$49.86$4,986,000.00View SEC Filing Icon  
10/13/2014Sell42,000$45.99$1,931,580.00View SEC Filing Icon  
10/9/2014Sell50,000$45.57$2,278,500.00View SEC Filing Icon  
8/29/2014Sell450,000$45.09$20,290,500.00View SEC Filing Icon  
10/23/2013Sell200,000$42.17$8,434,000.00View SEC Filing Icon  
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Gale E. Klappa Buying and Selling Activity at WEC Energy Group

This chart shows Gale E Klappa's buying and selling at WEC Energy Group by year and by quarter.

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WEC Energy Group Company Overview

WEC Energy Group logo
WEC Energy Group, Inc., through its subsidiaries, provides regulated natural gas and electricity, and renewable and nonregulated renewable energy services in the United States. It operates through Wisconsin, Illinois, Other States, Electric Transmission, and Non-Utility Energy Infrastructure segments. The company generates and distributes electricity from coal, natural gas, oil, and nuclear, as well as renewable energy resources, including wind, solar, hydroelectric, and biomass; and distributes and transports natural gas. It also owns, maintains, monitors, and operates electric transmission systems; and generates, distributes, and sells steam. As of December 31, 2023, the company operated approximately 35,500 miles of overhead distribution lines and 36,500 miles of underground distribution cables, as well as 430 electric distribution substations and 523,700 line transformers; approximately 46,400 miles of natural gas distribution mains; 1,700 miles of natural gas transmission mains; 2.4 million natural gas lateral services; 490 natural gas distribution and transmission gate stations; and 69.3 billion cubic feet of working gas capacities in underground natural gas storage fields. The company was formerly known as Wisconsin Energy Corporation and changed its name to WEC Energy Group, Inc. in June 2015. WEC Energy Group, Inc. was founded in 1896 and is headquartered in Milwaukee, Wisconsin.
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Today's Range

Now: $81.73
Low: $80.99
High: $81.73

50 Day Range

MA: $79.42
Low: $76.46
High: $82.10

2 Week Range

Now: $81.73
Low: $75.13
High: $99.26

Volume

171,272 shs

Average Volume

2,287,255 shs

Market Capitalization

$25.78 billion

P/E Ratio

19.37

Dividend Yield

4.25%

Beta

0.4