{"url_path":"/sec/cms-pb/8-k/2026-06-03/item-5-02","section_key":"item-5-02","section_title":"Item 5.02 Departure of Directors or Certain Officers; Election of","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-06-03","source_url":"https://www.sec.gov/Archives/edgar/data/201533/0001104659-26-070037-index.html","accession_number":"0001104659-26-070037","cik":"0000201533","ticker":"CMS-PB","issuer_name":"CONSUMERS ENERGY CO","edgar_url":"https://www.sec.gov/Archives/edgar/data/201533/0001104659-26-070037-index.html","primary_entity_key":"0000201533","primary_entity_name":"CONSUMERS ENERGY CO"},"word_count":345,"has_tables":true,"body_markdown":"**Item 5.02 Departure of Directors or Certain Officers; Election of\nDirectors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.**\n\n \n\nOn June 3, 2026, CMS Energy Corporation (“CMS Energy”)\nannounced that Rejji P. Hayes has retired from his positions as CMS Energy and Consumers Energy Company (“Consumers Energy”)\nexecutive vice president and chief financial officer, effective June 3, 2026.\n\n \n\nSrikanth (Sri) Maddipati, 43, has been appointed to succeed Hayes as\nCMS Energy and Consumers Energy executive vice president and chief financial officer, effective June 3, 2026. Maddipati has been\nwith CMS Energy for 12 years, joining in 2014 as assistant treasurer. In 2016, Maddipati was elected vice president and treasurer\nwhere he was responsible for budget and planning, corporate liquidity, financing and maintaining relationships with investors, banks and\nrating agencies, a position he held until he moved to the role of Consumers Energy vice president electric supply in 2023. In that role,\nMaddipati was responsible for Consumers Energy’s electric supply business unit, which includes electric supply planning and\nstrategy, market operations, generating plant operations and engineering, and generation development and procurement. He also led the\ncompany’s enterprise project management and real estate functions. Maddipati was appointed Consumers Energy senior vice president\nand president of the electric supply business unit in 2025. Prior to joining CMS Energy, Maddipati was vice president in the financial\ninstitutions group at Goldman Sachs.\n\n \n\nThe Compensation Committee of the Board has approved (i) a base\nsalary for Maddipati of $775,000 annually and (ii) an increase in his standard award percentage under the CMS Energy Incentive Compensation\nPlan to 80% of his base salary. These changes will be effective June 3, 2026. In addition, Maddipati will receive $750,000 in tenure-based\nrestricted stock which cliff vests on his third-year service anniversary.\n\n \n\nThere are no arrangements or understandings between Maddipati and CMS\nEnergy or Consumers Energy pursuant to which Maddipati was elected as executive vice president and chief financial officer.\n\n \n\nAdditional leadership roles are described in the CMS Energy News Release\nwhich is filed as Exhibit 99.1 to this report and incorporated by reference."}