Summary
Entergy Corporation announced on February 25, 2015, the election of two new independent directors, Patrick J. Condon and Karen A. Puckett, to its Board of Directors, effective March 3, 2015. This expansion increases the Board's size to 13 members and brings a wealth of experience from the financial, auditing, and telecommunications sectors. Mr. Condon, a retired partner from Deloitte & Touche LLP with extensive experience in audit and consulting, and Ms. Puckett, currently President-Global Markets at CenturyLink, Inc. and recognized for her role in transforming the company into an advanced communications leader, are expected to contribute valuable perspectives. Both directors will stand for election at the 2015 Annual Meeting of Shareholders and will receive the standard compensation for non-employee directors.
Key Highlights
- 1Entergy Corporation elected two new independent directors, Patrick J. Condon and Karen A. Puckett, to its Board of Directors.
- 2The appointments are effective March 3, 2015, and both directors will serve until the 2015 Annual Meeting of Shareholders.
- 3The Board of Directors size was increased from 12 to 13 members to accommodate the new appointments.
- 4Both Mr. Condon and Ms. Puckett have been determined to be independent directors under NYSE rules and company guidelines.
- 5Mr. Condon brings significant experience from audit and consulting roles at Deloitte and Arthur Andersen.
- 6Ms. Puckett has extensive leadership experience in the telecommunications industry, currently at CenturyLink, Inc.
- 7New directors will receive the standard compensation for non-employee directors.