8-KLeadership Changes

ENTERGY CORP /DE/ 8-K Report, Executive Changes (Jan 25, 2019)

Filed January 25, 2019For Securities:ETR

Summary

Entergy Corporation (ETR) announced a key leadership change in its accounting department via an 8-K filing on January 25, 2019. Effective July 1, 2019, Kimberly A. Fontan will assume the role of Senior Vice President and Chief Accounting Officer (CAO), succeeding Alyson M. Mount. This transition is significant as it involves a seasoned executive with extensive experience within Entergy's finance and regulatory functions stepping into a critical financial oversight position. Ms. Mount will transition to Vice President, Strategic Planning, ensuring continuity and leveraging her expertise in a new capacity. Ms. Fontan's compensation package for her new role as CAO includes a base salary of $320,000, with eligibility for an annual cash bonus targeted at 60% of her base salary. She will also continue to be eligible for equity awards, aligning her incentives with shareholder interests. Investors should monitor the company's financial reporting and strategic initiatives under this new leadership.

Key Highlights

  • 1Kimberly A. Fontan appointed as Senior Vice President and Chief Accounting Officer (CAO) effective July 1, 2019.
  • 2Alyson M. Mount will transition from CAO to Vice President, Strategic Planning.
  • 3Ms. Fontan, age 46, has a long tenure with Entergy since 1996, holding various finance and regulatory roles.
  • 4Ms. Fontan's new role comes with an annual base salary of $320,000.
  • 5She is eligible for an annual cash bonus targeted at 60% of her base salary.
  • 6Ms. Fontan will continue to be eligible for equity awards (performance units, restricted stock, stock options).
  • 7The transition aims to ensure continuity in financial leadership and leverage Ms. Mount's experience in strategic planning.

Frequently Asked Questions

Kimberly A. Fontan will become the new Senior Vice President and Chief Accounting Officer, effective July 1, 2019.

Alyson M. Mount will transition from her role as Chief Accounting Officer to Vice President, Strategic Planning.

Ms. Fontan will receive an annual base salary of $320,000, be eligible for an annual cash bonus targeted at 60% of her base salary, and will continue to be eligible for equity awards.

Yes, Ms. Fontan has been with Entergy since 1996 and has held various positions in its finance and accounting organizations, as well as significant roles in regulatory affairs and system planning.