Operational Excellence June 22, 2022
Xcel Energy elects new board member
Xcel Energy has elected Megan Burkhart to the company’s board of directors, effective immediately.
Burkhart is an accomplished executive with decades of experience in human resources, compensation, culture, and diversity, equity and inclusion (DEI). She currently serves as executive vice president and chief human resources officer at Comerica Inc., a major financial services company headquartered in Dallas.
She is responsible for leading the bank’s people strategy and organization for the $94 billion company. Prior to her current role, Burkhart served as senior vice president and director of compensation. She joined Comerica in 1997.
“Megan is an outstanding leader, and we’re pleased to have her join our board,” said Bob Frenzel, chairman, president and CEO. “Megan’s extensive HR experience in a heavily regulated industry will contribute to our continued board excellence in oversight around the rapidly evolving world of people, executive compensation, DEI and environmental social governance.”
At Comerica, Burkhart led the company’s redesign of all executive compensation programs to drive financial performance, align with shareholder interests and ensure market competitive compensation. She also accelerated the company’s DEI efforts through recruitment, and established an executive diversity council, as well as a new diversity scorecard to drive leadership accountability.
Comerica’s DEI programs are regularly recognized by external organizations, including: 11 years listed on the DiversityInc Top Regional Companies; most recently named a Top Noteworthy Company for Diversity; and a perfect score of 100 for the eighth consecutive year on Human Rights Campaign Foundation’s Corporate Equality Index.
Burkhart currently serves on the boards of Genesis Women’s Shelter; the Girl Scouts of North Texas; and Austin Street Center. She earned a bachelor's degree from Miami University in Oxford, Ohio.