8-KLeadership ChangesExhibits & Filings

CENTERPOINT ENERGY INC 8-K Report, Executive Changes (Apr 18, 2019)

Filed April 18, 2019For Securities:CNP

Summary

CenterPoint Energy, Inc. (CNP) has announced a significant leadership change with the appointment of Ms. Xia Liu as Executive Vice President and Chief Financial Officer, effective April 22, 2019. Ms. Liu brings extensive financial and executive experience from her previous roles at The Southern Company and its subsidiaries, including Georgia Power Company and Gulf Power Company. This appointment is a key development for the company as it navigates its financial strategy and operations. Investors should note the terms of her compensation package, which includes a base salary, cash and equity incentives, and relocation benefits, reflecting the company's investment in attracting and retaining top financial talent. Ms. Liu's background as a Chartered Financial Analyst (CFA) and her strong financial credentials are expected to be valuable assets to CenterPoint Energy.

Key Highlights

  • 1CenterPoint Energy appointed Ms. Xia Liu as Executive Vice President and Chief Financial Officer, effective April 22, 2019.
  • 2Ms. Liu previously served as Executive Vice President, CFO and Treasurer of Georgia Power Company.
  • 3Her compensation package includes a $550,000 base salary.
  • 4Ms. Liu will receive a $100,000 sign-on cash incentive and 25,000 restricted stock units.
  • 5She will be eligible for short-term (75% of base salary target) and long-term (190% of base salary target) incentive plans.
  • 6Ms. Liu has a strong financial background, including an MBA from Emory University and CFA designation.
  • 7There are no disclosed related-party transactions or family relationships with existing management.

Frequently Asked Questions

Ms. Xia Liu has been appointed as the new Executive Vice President and Chief Financial Officer of CenterPoint Energy, with her role effective April 22, 2019.

Ms. Liu has significant experience in the utility sector, most recently serving as Executive Vice President, Chief Financial Officer and Treasurer of Georgia Power Company. She also held CFO and Treasurer positions at Gulf Power Company and various finance roles at Southern Company since 1998.

Ms. Liu's compensation includes a base salary of $550,000, a $100,000 sign-on cash bonus, and 25,000 restricted stock units. She will also receive relocation assistance and be eligible for the company's short-term and long-term incentive plans, with target award levels of 75% and 190% of base salary, respectively.

The filing states that Ms. Liu's appointment was not pursuant to any agreement with other persons, and there are no family relationships with current directors or executive officers. Additionally, no transactions requiring disclosure under SEC Regulation S-K Item 404(a) exist.