CMS Energy Announces Sri Maddipati as Chief Financial Officer, Chris Fultz as President of Electric Supply

Rhea-AI Summary

CMS Energy (NYSE: CMS) named Sri Maddipati Executive Vice President and Chief Financial Officer of CMS Energy and Consumers Energy, effective June 3. He will oversee investor relations, treasury, tax, accounting and financial planning.

Chris Fultz becomes senior vice president and president of electric supply as Rejji Hayes retires as CFO.

Positive

• Experienced insider Sri Maddipati appointed Executive Vice President and CFO effective June 3
• Clear succession as Maddipati also oversees Consumers Energy finance functions
• Leadership continuity in electric supply with internal promotion of Chris Fultz
• Defined responsibilities for Fultz across planning, market operations and generation assets

Negative

• Executive Vice President and CFO Rejji Hayes retiring effective June 3, creating leadership change

News Market Reaction – CMS

-2.27%

-2.27% Session close to close

In the Jun 3 session, CMS declined 2.27%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement details an internal succession, naming Sri Maddipati as Executive Vice President a...

Analysis

This announcement details an internal succession, naming Sri Maddipati as Executive Vice President and CFO and elevating Chris Fultz to lead electric supply, effective June 3, 2026. The moves emphasize continuity, drawing on leaders with deep experience in finance, operations and planning. Recent filings underscore CMS’s active financing tools and long-term reliability and growth plans. Investors may focus on how the new CFO manages capital allocation, financing activities and communication with investors, banks and rating agencies.

Key Figures

Effective date: June 3, 2026 Experience: nearly 20 years Joined CMS Energy: 2014 +4 more

7 metrics

Effective date June 3, 2026 Date Sri Maddipati becomes Executive Vice President and CFO

Experience nearly 20 years Sri Maddipati’s background in finance, treasury, banking and capital markets

Joined CMS Energy 2014 Year Sri Maddipati joined CMS Energy

Treasurer appointment 2016 Year Sri was elected vice president and treasurer

Electric supply VP 2023 Year Sri became Consumers Energy vice president electric supply

SVP electric supply 2025 Year Sri was appointed senior vice president and president of electric supply

Chris Fultz join year 2014 Year Chris Fultz joined Consumers Energy

Historical Context

5 past events · Latest: May 27 (Positive)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
May 27	Reliability plan filing	Positive	+0.0%	Announced 2027 Reliability Action Plan targeting fewer and shorter outages.
May 26	Reliability upgrades	Positive	-0.4%	Expanded line clearing over 9,000 miles to reduce tree-related outages.
May 14	Customer assistance	Positive	+0.6%	Expanded outreach and bill assistance, including $5M in support programs.
May 08	Preferred dividend	Neutral	-1.8%	Declared quarterly dividend on 4.200% Cumulative Redeemable Perpetual Preferred.
May 08	Subsidiary dividend	Neutral	-1.8%	Consumers Energy declared preferred dividend of $1.125 per share.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Recent operational and customer-focused news has usually seen small price moves, with one notable divergence on reliability investment news.

Recent Company History

Over the last months, CMS news has focused on reliability, customer support, and capital returns. A May 27 plan for a 2027 Reliability Action Plan produced only a 0.03% move, while expanded line clearing on May 26 saw a -0.44% reaction. Customer bill-assistance outreach on May 14 coincided with a 0.62% gain. Preferred dividend declarations on May 8 aligned with a modest -1.83% move. The current CFO succession fits into a pattern of steady, infrastructure- and governance-focused updates.

Key Terms

investor relations, treasury, capital markets, rating agencies, +1 more

5 terms

investor relations financial

"Sri will oversee Investor Relations, Treasury, Tax, Accounting, and Financial Planning."

Investor relations is the communication process between a company and its current or potential investors. It involves sharing information about the company's performance, strategies, and outlook to help investors make informed decisions. Effective investor relations build trust and transparency, similar to a clear conversation between a business and someone considering investing, ensuring both parties understand each other's interests and expectations.

treasury financial

"Sri will oversee Investor Relations, Treasury, Tax, Accounting, and Financial Planning."

The treasury is the department or area within a government or organization responsible for managing its money, finances, and financial strategies. It handles tasks like collecting revenue, paying bills, and planning for future financial needs, much like a household manages its budget. For investors, understanding the treasury is important because it influences interest rates, government spending, and overall economic stability.

capital markets financial

"experience across finance, treasury, banking, capital markets, and investor relations"

Capital markets are places where people and organizations buy and sell long-term investments like stocks and bonds. They help connect those who need money to grow or fund projects with investors looking to earn returns over time. For investors, capital markets are important because they offer opportunities to invest, save, and grow their wealth through a variety of financial assets.

rating agencies financial

"maintaining relationships with investors, banks and rating agencies, a position he held"

Organizations that evaluate and assign scores to the creditworthiness of companies, governments, or specific debt securities, similar to a report card showing how likely an issuer is to repay loans. Investors use these scores as a quick guide to risk: they influence interest costs, the value and demand for bonds and loans, and whether an investment fits safety or regulatory rules, much like a safety rating affects how people choose a car.

independent power generation technical

"It also owns and operates independent power generation businesses."

Independent power generation is the production of electricity by privately owned companies or projects that operate separately from government-run utilities, selling power to the grid or to large customers under contracts. Think of it as a factory that makes electricity and sells it to buyers rather than being part of a municipal provider. Investors care because these projects can provide steady income from long-term contracts but also carry risks from fuel costs, regulations, and equipment lifespan.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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JACKSON, Mich., June 3, 2026 /PRNewswire/ -- CMS Energy announced today, Sri Maddipati, currently Consumers Energy's senior vice president and president of electric supply, will be named CMS Energy and Consumers Energy Executive Vice President and Chief Financial Officer, effective on June 3. Sri will oversee Investor Relations, Treasury, Tax, Accounting, and Financial Planning. Chris Fultz, vice president of low voltage distribution at Consumers Energy, will become the new senior vice president and president of electric supply, also effective on June 3. Chris will manage the company's electric supply business unit, which includes electric supply planning and strategy, market operations, generating plant operations and engineering, generation development and procurement.

"Sri has nearly 20 years of experience across finance, treasury, banking, capital markets, and investor relations which allows for a seamless transition of leadership," said Garrick Rochow, President and CEO of CMS Energy and Consumers Energy. "Sri has held several senior leadership positions across our company and brings a combination of financial, operational, strategic and regulatory skills which reflects the company's thoughtful approach to development and succession and makes him exceptionally well-suited to serve as our next CFO and help lead the company forward."

Sri joined CMS Energy in 2014 and was elected as vice president and treasurer in 2016 where he was responsible for budget and planning, corporate liquidity, financing and maintaining relationships with investors, banks and rating agencies, a position he held until he moved to the role of Consumers Energy vice president electric supply in 2023. In that role, Sri was responsible for Consumers Energy's electric supply business unit, which includes electric supply planning and strategy, market operations, generating plant operations and engineering, and generation development and procurement. Sri was appointed Consumers Energy senior vice president and president of the electric supply business unit in 2025. Prior to joining CMS Energy, Sri was a vice president in the financial institutions group at Goldman Sachs. Sri holds bachelor's and master's degrees in engineering and a Master in Business Administration, all from the University of Michigan.

"Chris brings a clear commitment to safety, reliability, and affordability, along with the ability to lead large-scale operations and teams to the electric supply organization," said Garrick Rochow, President and CEO of CMS Energy and Consumers Energy. "His broad expertise and leadership within operations, engineering, and project management will be an asset as we plan and execute our long-term energy supply blueprint."

Chris previously served as vice president of low voltage distribution in our electric business and vice president of natural gas operations. Since joining the company in 2014, Chris held increasingly responsible roles within project management, natural gas operations, transmission, storage and compression. Prior to Consumers Energy, Fultz worked for Black & Veatch, and he holds bachelor's and master's degrees in electrical engineering from Michigan Technological University, and a master's degree in business administration from Oakland University.

Rejji Hayes will retire as Executive Vice President and Chief Financial Officer, effective June 3.

"I want to thank Rejji Hayes for his leadership and many contributions to the company. His impact to our co-workers, communities, customers, and investors has been meaningful, and we are grateful for his service. I wish Rejji the very best in the future."

CMS Energy (NYSE: CMS) is a Michigan-based energy provider featuring Consumers Energy as its primary business. It also owns and operates independent power generation businesses.

Investors and others should note that CMS Energy routinely posts important information on its website and considers the Investor Relations section, www.cmsenergy.com/investor-relations, a channel of distribution. 

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SOURCE CMS Energy

FAQ

Who is the new CFO of CMS Energy (NYSE: CMS) as of June 3, 2026?

CMS Energy named Sri Maddipati Executive Vice President and Chief Financial Officer effective June 3. According to CMS Energy, he will lead investor relations, treasury, tax, accounting and financial planning for both CMS Energy and Consumers Energy.

What role did CMS Energy give to Chris Fultz in June 2026?

CMS Energy appointed Chris Fultz senior vice president and president of electric supply effective June 3. According to CMS Energy, he will manage planning, market operations, generating plant operations, engineering, and generation development and procurement.

When is CMS Energy CFO Rejji Hayes retiring and who succeeds him?

Rejji Hayes will retire as Executive Vice President and Chief Financial Officer effective June 3. According to CMS Energy, he is being succeeded by Sri Maddipati, an internal leader with nearly 20 years of finance and capital markets experience.

What responsibilities will the new CMS Energy CFO Sri Maddipati have?

As CFO, Sri Maddipati will oversee investor relations, treasury, tax, accounting and financial planning. According to CMS Energy, his background includes prior roles as vice president and treasurer and leadership of Consumers Energy’s electric supply business unit.

How might CMS Energy's leadership changes affect its electric supply business?

Leadership of the electric supply business shifts to senior vice president and president Chris Fultz. According to CMS Energy, he brings experience from low voltage distribution and natural gas operations, overseeing planning, market operations, and generation-related functions.