CMS Energy Announces Diane Leopold and Richard Keyes to Join the Board of Directors

CMS Energy (NYSE: CMS) elected Diane Leopold and Richard Keyes to its and Consumers Energy's boards effective February 20, 2026.

Rhea-AI Summary

CMS Energy (NYSE: CMS) elected Diane Leopold and Richard Keyes to its and Consumers Energy's boards effective February 20, 2026. Leopold brings over three decades of utility operations experience; Keyes brings over 35 years of retail and operational leadership. Committee assignments were announced.

Leopold will join Compensation and Human Resources and Finance committees; Keyes will join Audit and Governance, Sustainability and Public Responsibility committees.

Positive

• Two experienced directors added to the board effective Feb 20, 2026
• Diane Leopold brings over 30 years of regulated utility experience
• Richard Keyes brings over 35 years of retail and operational leadership
• Specified committee roles announced for both directors (Comp, Finance, Audit, Governance)

Negative

• None.

Argus Feb 20 session

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News Market Reaction – CMS

On Feb 20, the day this news came out, CMS closed 0.01% above the previous close.

Data tracked by StockTitan Argus for the Feb 20 session.

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JACKSON, Mich., Feb. 20, 2026 /PRNewswire/ -- Diane Leopold, retired executive vice president and chief operating officer at Dominion Energy, Inc, ("Dominion") has been elected to the CMS Energy and Consumers Energy boards of directors. Richard Keyes, president and chief executive officer of Meijer, Inc, has also been elected to the CMS Energy and Consumers Energy boards of directors. Both appointments are effective February 20, 2026.

Leopold joined Dominion, a regulated public electric utility, in 1995 and served in a wide variety of positions of increasing responsibility until being named executive vice president and co-chief operating officer in 2019, a position she held until her appointment as executive vice president and chief operating officer in 2020. She brings over three decades of utility experience to the CMS Energy and Consumers Energy board of directors.

Leopold holds a bachelor of science in electrical and mechanical engineering from the University of Sussex, a master's in electrical engineering from George Washington University and a master's in business administration from Virginia Commonwealth University. She currently serves on the boards of nVent Electric plc, Markel Group Inc., World Pediatrics and the Atlantic Council. Leopold will serve on the Compensation and Human Resources Committee and the Finance Committee for each of the CMS Energy and Consumers Energy boards.

Richard Keyes first joined Meijer in 1989 and has held roles of increasing responsibility across the business, including Pharmacy, Retail Operations, and Supply Chain & Manufacturing. He was elected as president in 2015, a position he held until 2017, when he was elected chief executive officer. Keyes brings with him to the CMS Energy and Consumers Energy boards of directors over 35 years of broad operational, strategic and leadership experience in the business community.

Keyes received his bachelor of science pharmacy degree from Ohio Northern University. He serves on the boards of Business Leaders for Michigan, and National Association of Chain Drug Stores. He is the vice chair of Retail Leaders Association and The Right Place and is the board chair of Ohio Northern University, FMI Foundation and The Federal Reserve Bank of Chicago-Detroit Branch. Keyes will serve on the Audit Committee and Governance, Sustainability and Public Responsibility Committee of the Boards.

CMS Energy (NYSE: CMS) is a Michigan-based company that has an electric and natural gas utility, Consumers Energy, as its primary business. It also owns and operates independent power generation businesses.

 

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SOURCE CMS Energy

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

Who are the new board members for CMS Energy (CMS) announced on February 20, 2026?

The new board members are Diane Leopold and Richard Keyes, effective February 20, 2026. According to the company, Leopold is a retired Dominion executive and Keyes is president and CEO of Meijer.

What committees will Diane Leopold serve on for CMS Energy (CMS)?

Diane Leopold will serve on the Compensation and Human Resources Committee and the Finance Committee. According to the company, those roles align with her over three decades of utility operations and executive experience.

What committee assignments did CMS Energy (CMS) give Richard Keyes on February 20, 2026?

Richard Keyes will serve on the Audit Committee and the Governance, Sustainability and Public Responsibility Committee. According to the company, his background includes 35+ years in operations and retail leadership.

How much industry experience do the new CMS Energy (CMS) directors have?

Combined, the new directors bring more than 65 years of industry and executive experience to the boards. According to the company, Leopold has 30+ years in utilities and Keyes has over 35 years in retail.

When did Diane Leopold begin her service at Dominion and what roles did she hold before joining CMS Energy (CMS)?

Diane Leopold joined Dominion in 1995 and rose to executive vice president and chief operating officer by 2020. According to the company, she held a variety of roles of increasing responsibility across the utility.

What leadership positions has Richard Keyes held prior to joining the CMS Energy (CMS) board?

Richard Keyes joined Meijer in 1989 and served as president from 2015 to 2017 and CEO since 2017. According to the company, he has held roles across pharmacy, operations, and supply chain.