8-KLeadership Changes

ENTERGY CORP /DE/ 8-K Report, Executive Changes (Nov 2, 2020)

Filed November 2, 2020For Securities:ETR

Summary

Entergy Corporation announced on October 30, 2020, the election of Brian W. Ellis to its Board of Directors, effective immediately. Mr. Ellis will serve until the 2021 Annual Meeting of Shareholders. His appointment led to an increase in the Board's size from 10 to 11 members. This strategic addition brings a seasoned legal and compliance executive to the board, which is beneficial for corporate governance and risk oversight. Mr. Ellis brings significant experience from his role as Senior Vice President and General Counsel at Danaher Corporation, a prominent global science and technology company. His responsibilities at Danaher encompass a wide range of critical areas including legal and compliance, corporate governance, quality assurance, regulatory affairs, sustainability, intellectual property, and risk management. Previously, he held a similar General Counsel position within Medtronic, plc's Restorative Therapies Group. Mr. Ellis will receive standard compensation for non-employee directors, prorated from his appointment date.

Key Highlights

  • 1Brian W. Ellis appointed to Entergy's Board of Directors, effective October 30, 2020.
  • 2Mr. Ellis's term will extend until the 2021 Annual Meeting of Shareholders.
  • 3The Board's size has been increased to 11 members following Mr. Ellis's election.
  • 4Mr. Ellis currently serves as Senior Vice President and General Counsel of Danaher Corporation.
  • 5His extensive experience includes legal, compliance, corporate governance, and risk management.
  • 6Mr. Ellis will receive the standard compensation for non-employee directors, prorated.
  • 7There are no undisclosed arrangements or understandings related to his election.

Frequently Asked Questions

Brian W. Ellis is a seasoned executive currently serving as Senior Vice President and General Counsel of Danaher Corporation, a global science and technology company. His background includes leadership in legal and compliance matters, corporate governance, regulatory affairs, and risk management. He previously held a General Counsel role at Medtronic, plc.

The size of Entergy's Board of Directors was increased to accommodate the appointment of Brian W. Ellis. The Board expanded from 10 to 11 members to include Mr. Ellis.

Mr. Ellis was elected to serve on the Board of Directors until the 2021 Annual Meeting of Shareholders.

No, Mr. Ellis will receive the same compensation as all other non-employee directors of Entergy Corporation. This compensation will be prorated from his effective date of appointment through the next Annual Meeting of Shareholders.