- Push-out Score determined
- After around seven years in the position
- Praise for Kampling
(exechange) — Madison, Wisconsin, February 13, 2019 — Pat Kampling, chief executive of Alliant, hands over the reins. As announced by Alliant Energy Corp. in a news release and in a regulatory filing published on Wednesday, February 13, 2019, Patricia L. (Pat) Kampling, Chief Executive Officer, leaves the public utility holding company after around seven years in the role, effective July 1, 2019.
Among the 3,000 largest publicly held companies incorporated in the U.S. based on market capitalization, the average tenure of the CEOs who departed over the past 12 months was 8.2 years, according to data compiled by exechange.
Pat Kampling’s duties will be taken over by John O. Larsen, currently Chief Operating Officer of Alliant Energy Corporation.
Pat Kampling’s departure from the CEO post is explained as follows. Alliant said that John O. Larsen’s appointment to Chief Executive Officer “is consistent with the Company’s succession plan.”
Precise information regarding Pat Kampling’s future plans was not immediately available.
Alliant said: “Alliant Energy Chairman and Chief Executive Officer Patricia L. Kampling announced her intent to retire from the company effective July 1, 2019.”
Alliant further said: “On February 11, 2019, Patricia L. Kampling notified the Board of Directors that she will retire as Chief Executive Officer of Alliant Energy Corporation …, and as a Director of Alliant Energy, Interstate Power and Light Company …, and Wisconsin Power and Light Company …, in each case effective as of July 1, 2019.”
Share price increase since April 2012
The announcement follows an increase in Alliant Energy Corporation’s share price of 106 percent since April 2012.
In the position of CEO since 2012
Kampling has served as Chairman of the Board of Directors and Chief Executive Officer of Alliant Energy since April 2012, as President from February 2011 to December 2017, and President and Chief Operating Officer from February 2011 to March 2012.
Since joining the Company in 2005, Kampling has held various other executive positions within the Company, including Executive Vice President and Chief Financial Officer, Vice President and Treasurer, and Vice President of Finance.
Before joining Alliant Energy, Kampling spent more than 20 years at Exelon Corporation, holding finance, treasury, regulatory, and engineering positions of increasing responsibility.
She has served on the Board of Directors of Briggs & Stratton Corporation since January 2011 and also serves on the board of American Transmission Company LLC.
Kampling has been a Director of IPL and WPL since 2012.
Push-out Score determined
The Push-out Score™ determined by exechange gauges the likelihood that a manager was pushed out or felt pressure to leave the position.
exechange reached out to Alliant and offered the company the opportunity to comment on the score.
Read the full story in the exechange report 7.2019 ($).