8-KLeadership ChangesExhibits & Filings

CENTERPOINT ENERGY INC 8-K Report, Executive Changes (Dec 16, 2024)

Filed December 16, 2024For Securities:CNP

Summary

CenterPoint Energy, Inc. (CNP) has announced a change in its Board of Directors and a key executive departure. Effective December 31, 2024, Mr. Dean Seavers has been appointed as a director to fill the vacancy created by Mr. Barry T. Smitherman's resignation. Mr. Seavers brings extensive experience in the energy and security sectors, having held leadership positions at National Grid U.S., GE Security, and UTC, and currently serves on multiple public company boards. His appointment is expected to bolster the Board's expertise. In a separate development, Ms. Lynne Harkel-Rumford, Executive Vice President and Chief Human Resources Officer, has announced her intention to retire on February 3, 2025. The company has stated that her departure is not due to any disagreements concerning operations, policies, or financial matters. Investors should note these leadership transitions as they can impact corporate strategy and governance.

Key Highlights

  • 1Dean Seavers appointed as a new director to the Board, effective December 31, 2024, filling a vacancy.
  • 2Mr. Seavers brings significant leadership experience from National Grid U.S., GE Security, and United Technologies Corporation.
  • 3Mr. Seavers currently serves on the boards of Albemarle Corp., Ametek Inc., and Vine Hill Capital Investment Corp.
  • 4Mr. Seavers will serve on the Board’s Governance, Environmental and Sustainability Committee and Safety and Operations Committee.
  • 5Lynne Harkel-Rumford, EVP and Chief Human Resources Officer, will retire on February 3, 2025.
  • 6Ms. Harkel-Rumford's retirement is amicable and not related to any disputes with the company.
  • 7Mr. Seavers will receive compensation and an initial stock award as per the company's standard director arrangements.

Frequently Asked Questions

Mr. Dean Seavers is a seasoned executive with extensive experience in the energy and security industries. He previously served as President of National Grid U.S. and held leadership roles at GE Security and United Technologies Corporation. He also currently sits on the boards of several public companies, including Albemarle Corp. and Ametek Inc.

Mr. Seavers is appointed to fill the vacancy on the Board left by the resignation of Mr. Barry T. Smitherman. His appointment, effective December 31, 2024, is intended to bring his substantial industry and governance experience to CenterPoint Energy.

Ms. Harkel-Rumford, the Executive Vice President and Chief Human Resources Officer, has announced her retirement effective February 3, 2025. The company has clarified that this is an amicable departure and not due to any disagreements regarding company operations, policies, or financial matters.

Mr. Seavers will be compensated according to CenterPoint Energy's standard arrangements for non-employee directors. This includes an initial stock award valued at $56,357, which is a prorated portion of the annual award for non-employee directors.