Entergy Corp (NYSE:ETR) disclosed in a recent SEC filing that Roderick K. West, Group President, Utility Operations, and a board member of several Entergy subsidiaries, will retire on January 31, 2025. The move is part of a planned leadership transition within the company.
West will step down from his current role on November 1, 2024, to serve as a senior strategic advisor, reporting directly to Entergy's CEO. Concurrently, he will resign from the boards of Entergy Arkansas, LLC, Entergy Louisiana, LLC, Entergy Mississippi, LLC, Entergy New Orleans, LLC, and Entergy Texas, Inc.
In line with this transition, Entergy anticipates that Kimberly A. Fontan, currently the Executive Vice President and Chief Financial Officer of Entergy Corp and Entergy New Orleans, LLC, will be elected to the board of Entergy New Orleans, LLC to fill the vacancy created by West's departure.
The announcement, filed on September 26, 2024, reflects the company's commitment to a smooth transition of leadership. Entergy Corp, along with its subsidiaries, is a provider of electric services and operates within the Energy & Transportation sector.
This leadership change comes as the company continues to navigate the complex energy industry landscape. The transition plan is designed to ensure that Entergy maintains its strategic direction and operational excellence.
Entergy's shares are traded on the New York Stock Exchange under the ticker ETR and are also listed on the NYSE Chicago, Inc. The company is known for its electric services and has a diverse portfolio of electric generation, transmission, and distribution operations.
In other recent news, Entergy Corporation (NYSE:ETR) has announced an upcoming leadership transition. Group President of Utility Operations, Roderick K. West, plans to retire in January 2025, and Kimberly A. Fontan is expected to fill his position on the Board of Directors of Entergy New Orleans, LLC. This is part of a planned leadership transition within the company. Entergy also reported strong second-quarter earnings, surpassing estimates with an operating EPS of $1.92 and confirming a robust net liquidity of $5.9 billion. The company's adjusted EPS guidance for 2024 indicates a positive financial trajectory.
Several analysts have upgraded their outlook on Entergy. Barclays shifted the company's stock from Equal Weight to Overweight, citing the firm's resilience to storm risks and positive regulatory developments. BMO Capital and Evercore ISI also raised their price targets for the company, highlighting potential growth from data centers and large projects in the Gulf region. These are recent developments in the company's operations and strategic direction.
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