8-KLeadership Changes

ENTERGY CORP /DE/ 8-K Report, Executive Changes (Jun 20, 2013)

Filed June 20, 2013For Securities:ETR

Summary

Entergy Corporation announced a significant addition to its Board of Directors with the election of Admiral Kirkland H. Donald, U.S. Navy (retired), effective June 19, 2013. This expansion increases the Board's size to 11 members, reflecting a strategic move to enhance oversight and expertise. Admiral Donald's extensive background, particularly his leadership in naval nuclear propulsion, is expected to bring valuable insights to Entergy's Nuclear Committee, Finance Committee, and its Ad Hoc Committee on Regulatory and Governmental Affairs. Admiral Donald's recent transition from a distinguished 30-year career in the U.S. Navy, where he held pivotal roles including Director of the Naval Nuclear Propulsion Program, positions him well to contribute to Entergy's operations and strategic direction. His current roles as Executive Vice President and Chief Operating Officer of Systems Planning and Analysis, Inc., and Executive Advisor to Moelis Capital Partners, further underscore his diverse experience in complex organizations and financial matters. Investors can view this appointment as a positive step towards strengthening the Board's governance and nuclear expertise.

Key Highlights

  • 1Entergy Corporation's Board of Directors has been expanded to 11 members with the immediate election of Admiral Kirkland H. Donald.
  • 2Admiral Donald brings extensive experience, including his recent role as Director of the Naval Nuclear Propulsion Program.
  • 3Admiral Donald will serve on the Nuclear Committee, Finance Committee, and Ad Hoc Committee on Regulatory and Governmental Affairs.
  • 4His appointment is effective as of June 19, 2013.
  • 5Admiral Donald is currently Executive Vice President and Chief Operating Officer of Systems Planning and Analysis, Inc.
  • 6He also serves as an Executive Advisor to private equity firm Moelis Capital Partners.
  • 7There are no disclosed arrangements or understandings with other persons that led to his election.

Frequently Asked Questions

Admiral Donald's appointment is significant due to his extensive leadership experience, particularly in naval nuclear propulsion, which is highly relevant to Entergy's nuclear operations. His expertise is expected to strengthen the Board's oversight in nuclear matters, finance, and regulatory affairs.

Admiral Donald will be serving on the Board's Nuclear Committee, its Finance Committee, and its Ad Hoc Committee on Regulatory and Governmental Affairs.

Admiral Donald had a long and distinguished career in the U.S. Navy, retiring in January 2013 after serving as Director of the Naval Nuclear Propulsion Program. He currently holds executive positions at Systems Planning and Analysis, Inc., and advises Moelis Capital Partners.

The filing states that there are no arrangements or understandings between Admiral Donald and any other person pursuant to which he was elected as a director of the Company, indicating his appointment was based on his qualifications.