8-KLeadership ChangesExhibits & Filings

ENTERGY CORP /DE/ 8-K Report, Executive Changes (Jul 13, 2022)

Filed July 13, 2022For Securities:ETR

Summary

Entergy Corporation announced a significant executive transition with the appointment of Peter S. Norgeot, Jr. as the new Executive Vice President and Chief Operating Officer, effective August 12, 2022. This change comes as the current COO, Paul D. Hinnenkamp, intends to retire on the same date. Mr. Norgeot, with extensive experience within Entergy, including his recent role as Senior Vice President of Operations and Development, is well-positioned to assume leadership of operational responsibilities. This leadership change is a key event for investors as it signals continuity and internal promotion within the executive ranks. While Mr. Norgeot's specific compensation package for the new role is still to be determined, the filing confirms no related party transactions or family ties that would raise immediate concerns. Investors should monitor the announcement of his compensation and any future strategic directives from the new COO.

Key Highlights

  • 1Peter S. Norgeot, Jr. appointed Executive Vice President and Chief Operating Officer effective August 12, 2022.
  • 2Current COO, Paul D. Hinnenkamp, will retire on August 12, 2022.
  • 3Mr. Norgeot has a strong internal track record, having held various Senior Vice President roles since 2017.
  • 4Mr. Norgeot's compensation for the new role is yet to be determined by the Personnel Committee.
  • 5No related party transactions or family relationships disclosed for Mr. Norgeot with other executives or directors.
  • 6Mr. Norgeot is expected to fill director vacancies on subsidiary boards created by Mr. Hinnenkamp's resignation.

Frequently Asked Questions

This 8-K filing primarily announces a change in executive leadership, specifically the appointment of a new Chief Operating Officer and the retirement of the current COO.

Peter S. Norgeot, Jr. has been appointed as the new Executive Vice President and Chief Operating Officer. The transition is effective August 12, 2022.

As of the filing date, Mr. Norgeot's compensation for the Executive Vice President and Chief Operating Officer role has not yet been determined by the Company’s Personnel Committee.

The filing states that there are no arrangements or understandings with any other person for his appointment and that Mr. Norgeot does not have a direct or indirect material interest in any related party transaction. Furthermore, there are no disclosed family relationships between Mr. Norgeot and other directors or executive officers.