8-KLeadership Changes

ENTERGY CORP /DE/ 8-K Report, Executive Changes (May 9, 2007)

Filed May 9, 2007For Securities:ETR

Summary

Entergy Corporation (ETR) filed an 8-K on May 9, 2007, to report a significant change in its executive leadership. The company's Board of Directors appointed Theodore H. Bunting, Jr. as the new Senior Vice President and Chief Accounting Officer, effective upon the retirement of Nathan E. Langston in August 2007. This appointment signals a transition in a key financial oversight role within the company. Mr. Bunting, previously serving as Vice President and Chief Financial Officer for Nuclear Operations, brings substantial financial experience within Entergy to this new position. His compensation package will be aligned with other executive officers, including participation in incentive plans and equity programs, details of which are available in the company's March 19, 2007 proxy statement. Investors should monitor how this leadership change impacts financial reporting and strategy.

Key Highlights

  • 1Theodore H. Bunting, Jr. appointed as Senior Vice President and Chief Accounting Officer, effective August 2007.
  • 2The appointment follows the retirement of Nathan E. Langston.
  • 3Mr. Bunting has prior experience as VP and CFO of Nuclear Operations and Utility Operations at Entergy.
  • 4The new Chief Accounting Officer will be eligible for the Executive Annual Incentive Plan and Performance Unit Program.
  • 5Details of executive compensation are referenced in Entergy's March 19, 2007 proxy statement.
  • 6The event date of the reporting is May 3, 2007.

Frequently Asked Questions

Theodore H. Bunting, Jr. has been appointed as the new Senior Vice President and Chief Accounting Officer.

The appointment will be effective in August 2007, upon the retirement of the current officer, Nathan E. Langston.

Mr. Bunting previously served as Entergy's Vice President and Chief Financial Officer - Nuclear Operations from 2004 to May 2007, and Vice President and Chief Financial Officer - Utility Operations from 2002 to 2004.

Mr. Bunting will be eligible to participate in Entergy's Executive Annual Incentive Plan, the Performance Unit Program under the 2007 Equity Ownership and Long Term Cash Incentive Plan, and other benefits available to executive officers.