Entergy Chairman and CEO Announces Leadership Reorganization
NEW ORLEANS, June 7 /PRNewswire-FirstCall/ -- In his first major reorganization in more than 11 years, Entergy Corporation (NYSE: ETR) Chairman and Chief Executive Officer J. Wayne Leonard has named Entergy leaders to new roles effective as early as June 14.
The reorganization will enhance organizational effectiveness and performance by strengthening local regulatory presence in the Northeast and consolidating commercial and risk functions for Entergy's wholesale commodity business associated with non-utility generation. Internal restructuring was identified as a critical near-term action following the April 5 announcement of the decision to unwind the business infrastructure associated with the proposed spin-off. Pursuant to that announcement, Entergy is seeking to preserve options and capture value expected from the proposed separate non-utility nuclear generation and nuclear services companies. At the same time, Entergy is creating a more focused corporate structure, while also providing further development of proven leaders.
New leadership roles include:
