8-KLeadership ChangesExhibits & Filings

ENTERGY CORP /DE/ 8-K Report, Executive Changes (Aug 17, 2022)

Filed August 17, 2022For Securities:ETR

Summary

Entergy Corporation has announced a significant leadership transition as part of a planned succession process. Effective November 1, 2022, Leo P. Denault will step down as Chief Executive Officer but will remain as Executive Chair for a transition period and will continue to serve as Chairman of the Board. Andrew S. Marsh, currently Executive Vice President and Chief Financial Officer, will succeed Mr. Denault as CEO and will also join the Board of Directors, increasing its size to twelve members. This leadership change also involves a reshuffling of key financial roles. Kimberly A. Fontan, currently Senior Vice President and Chief Accounting Officer, will be promoted to Executive Vice President and Chief Financial Officer, succeeding Mr. Marsh. Reginald T. Jackson, Vice President of Internal Audit and General Auditor, will take over Ms. Fontan's previous role as Senior Vice President and Chief Accounting Officer. The compensation for these newly appointed officers has not yet been determined. Additionally, Peter S. Norgeot, Jr. has been appointed as a director to several subsidiary boards.

Key Highlights

  • 1Planned CEO succession: Leo P. Denault to resign as CEO on November 1, 2022.
  • 2Andrew S. Marsh to become the new CEO, transitioning from his role as EVP and CFO.
  • 3Leo P. Denault will remain with the company as Executive Chair and Chairman of the Board during a transition period.
  • 4Kimberly A. Fontan appointed as the new Executive Vice President and Chief Financial Officer.
  • 5Reginald T. Jackson to assume the role of Senior Vice President and Chief Accounting Officer.
  • 6Andrew S. Marsh will also join the Board of Directors, expanding its size.
  • 7Compensation details for the new executive roles are pending.

Frequently Asked Questions

This filing announces a planned leadership succession at Entergy Corporation, including the resignation of the current CEO, Leo P. Denault, and the appointment of Andrew S. Marsh as his successor. It also details related changes in key financial executive positions.

No, Leo P. Denault will step down as CEO but will remain with the company as Executive Chair for a transition period and will continue to serve as Chairman of the Board.

Andrew S. Marsh, the current CFO, is moving up to CEO. Kimberly A. Fontan will become the new CFO, and Reginald T. Jackson will take over as Chief Accounting Officer. This represents a significant internal promotion and transition within the finance and accounting departments.

The CEO transition and related executive appointments are effective as of November 1, 2022 (the 'Effective Date'). The exact duration of Mr. Denault's role as Executive Chair is to be determined by the Board. Compensation details for the new roles are still pending.