- After about four and a half years in the position
- Praise and thanks for Larsen
- Lisa Barton taking over
- Larsen will remain as executive chairman at Alliant
- Larsen said 72 words
(exechange) — Madison, Wisconsin, October 26, 2023 — John Larsen, chief executive of Alliant, leaves his position. As announced by Alliant Energy Corp. in a news release and in a regulatory filing published on Thursday, October 26, 2023, John O. Larsen leaves his post as chief executive officer at the utility holding company providing power in Iowa and Wisconsin, after about four and a half years in the role, effective January 1, 2024.
John Larsen’s duties as CEO will be taken over by Lisa M. Barton, currently President and Chief Operating Officer at Alliant Energy Corp.
No reason given
In the announcement, Alliant did not explicitly explain the reason for the move.
Larsen will remain as executive chairman at Alliant
Alliant stated: “Alliant Energy (NASDAQ: LNT) announced today that its board of directors elected John Larsen, current board chair and CEO, to the position of executive chairman, effective January 1, 2024.”
Share price increase since July 2019
The announcement follows an increase in Alliant Energy Corp.’s share price of 1% since July 2019. July 2019 is the month in which Larsen’s tenure as CEO began.
In the position of CEO since 2019
John Larsen became CEO of the Company in 2019.
In Larsen’s new role as executive chairman, he will remain an employee of Alliant Energy and chair of the board of directors, and Barton will report to him.
Working closely with Barton, Larsen will oversee key strategic matters important to the company, including the development of the company’s strategy, as well as legislative and investor engagement.
He will remain actively engaged in key energy and economic policy matters, and with key stakeholders and in the community.
Larsen brings to the Company’s Board an extensive knowledge of the utility business.
He currently serves as Board Chair and Chief Executive Officer of Alliant Energy. He has served in this role since February 2023.
From July 2019 to February 2023, he served as Board Chair, President and Chief Executive Officer of Alliant Energy.
He is also currently Board Chair of IPL and WPL, and served as Chief Executive Officer of IPL and WPL from January 2019 to February 2023.
Larsen previously served as President and Chief Operating Officer of Alliant Energy since January 2019, President of Alliant Energy since January 2018, Senior Vice President of Alliant Energy from 2014 to 2017, Senior Vice President of IPL from 2014 to 2018, and as Senior Vice President-Generation of Alliant Energy and IPL from 2010 to 2014.
He served as President of WPL from 2010 to 2018. Larsen joined Alliant Energy in 1988 as an engineer and held engineering, energy delivery and generation roles of increasing importance with the Company.
He has been a Director of IPL and WPL since 2019.
72 words by John Larsen
In the release announcing his departure as CEO of Alliant Energy Corp., John Larsen received praise and thanks.
In announcing his departure, John Larsen said 72 words.
“Deliver consistent results”
John Larsen stated: “Lisa is an outstanding leader, with a track record of driving strategic outcomes, making her uniquely qualified to take on the CEO role during this period in our industry. The board and I are confident she will further Alliant Energy’s ability to deliver consistent results as we deliver on our purpose of serving customers and helping to build stronger communities. I look forward to working closely with Lisa in her new role.”
Push-out Score for John Larsen’s move determined
The Push-out Score indicates on a scale of 0 to 10 how likely it is that John Larsen was pushed out or felt pressure to leave his 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 44.2023 ($).