S&P 500 component WEC Energy Group /zigman2/quotes/207419035/composite WEC +1.24% on Monday named Scott Lauber president and chief executive officer, effective Feb. 1. He is currently chief operating officer. CEO Kevin Fletcher plans to retire in June and will remain at the company as an adviser until then. Gale Klappa will remain as executive chairman of the company until May 2024. Shares of WEC Energy are down 0.4% this year, compared to a rise of 21% by the S&P 500.