CEO Monthly Issue 10 2018

CEO MONTHLY / ISSUE 10 2018 5 , The board of directors of WEC Energy Group (NYSE: WEC) to- day announced that it has elected Kevin Fletcher as President of the company. The appointment is ef- fective immediately. Fletcher, 60, has more than 40 years of ex- perience in the energy industry, most recently as President of We Energies and Wisconsin Public Service, the largest subsidiaries of WEC Energy Group. Fletcher will report to Gale Klappa, who re- mains chairman and chief executive officer of WEC Energy. In his new role, Fletcher will have overall re- sponsibility for the operational and financial performance of the seven utilities that are part of WEC Energy Group. “I’ve known and worked with Kevin for the past 25 years. He brings to his new role a tremen- dous depth of experience in engineering, op- erations, customer service, economic develop- ment and financial discipline. Kevin will provide great continuity to our organization going for- ward as he works with our leadership team to build on our track record of world class perfor- mance,” Klappa said. Prior to joining the company in November 2011, Fletcher was vice president – community and economic development at Georgia Power, Southern Co.’s largest subsidiary. In his 34- year career with Southern Co. in Atlanta – 16 of those years as an officer – Fletcher held leadership positions in operations, customer service, marketing and sales. CAST, the leader in Soft- ware Intelligence, today announced new research evaluating the priorities of IT leaders in digital transforma- tion. The Software Intelligence Report surveyed 500 professionals, including CIOs, software architects and applica- tion owners, regarding their ability to meet digital business objectives based on the overall health of their software. “What our research found is that enterprise IT still relies heavily on complex legacy software, and the data IT is trying to protect remains buried underneath layers and layers of legacy,” said Lev Lesokhin, EVP of Strategy and Analytics, CAST. “Teams lack transpar- ency and understanding into software architecture, making it hard to digitally transform. This is a big area where Software Intelligence can help close that knowledge gap and help teams act with confidence and speed.” Key findings from the report include: • More than half of IT teams are run- ning 25% of their applications on complex legacy technology stacks that very few understand. • IT teams are spending at least 50% of their time on software mainte- nance, cutting into their efforts to modernize. • 70% of CIOs report their teams spend more than half their time finding the cause before they’re able to fix system problems. • 45% of IT organizations lack suffi- cient full-stack developer skills. • Only 30% of CIOs make build, buy and retire decisions with input from their software architects. “To remain effective, CIOs must build digital transformation roadmaps based on facts, not perceptions,” said Cristina Alvarez, former CIO of Telefónica. “Transforming business-critical appli- cations is no longer a nice to have, like having milk with your coffee. It’s essen- tial for CIOs to transform the core of IT to support business objectives. This can only be done with the kind of Software Intelligence that delivers an objective view of software assets, including its effi- ciency, security and robustness, to show how effective an existing portfolio will be at supporting modernization efforts.” Kevin Fletcher named as President of WEC Energy Group Gale Klappa is to remain Chairman and CEO.