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Posted 10 May, 2021

ENTERGY CORP /DE/ appointed new CEO

CEO Change detected for ticker NYSE:ETR in a 8-K filed on 10 May, 2021.


  On May 7, 2021, Leo P. Denault, the Chief Executive Officer of Entergy Corporation (the "Company"), entered into an amendment (the "Amendment") to his retention agreement (the "Agreement") to align the permission requirements of his Agreement with those of the Company's System Executive Retirement Plan ("SERP") with respect to post-age-65 separations by removing the requirement for permission to retire after age 65 to receive the supplemental credited service provided by the Agreement.  

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Overview of ENTERGY CORP /DE/
Companies on the Energy Service • Electric Utilities
Entergy Corp. is a holding company, which engages in providing electric and natural gas services. It operates through the Utility, and Parent and Other segments. The Utility segment includes the generation, transmission, distribution, and sale of electric power in portions of Arkansas, Mississippi, Texas, and Louisiana. The Parent and Other segment refers to the parent company, Entergy Corporation, and other business activities. The company was founded by Harvey Couch on November 13, 1913 and is headquartered in New Orleans, LA.
Market Cap
$22.8B
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ENTERGY CORP /DE/ by TradingView
Relevant filing section
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers


On May 7, 2021, Leo P. Denault, the Chief Executive Officer of Entergy Corporation (the "Company"), entered into an amendment (the "Amendment") to his retention agreement (the "Agreement") to align the permission requirements of his Agreement with those of the Company's System Executive Retirement Plan ("SERP") with respect to post-age-65 separations by removing the requirement for permission to retire after age 65 to receive the supplemental credited service provided by the Agreement. Under the terms of the SERP, participants must obtain permission to retire to receive SERP benefits upon separation from employment prior to age 65; after age 65, permission to retire is no longer required. Prior to the Amendment, Mr. Denault's Agreement required him to obtain permission to retire even after age 65 to receive, upon separation, the supplemental credited service provided by the Agreement; with the Amendment, Mr. Denault no longer needs such post-age-65 permission to retire. However, the Amendment does not change the requirement that Mr. Denault obtain permission to retire before age 65 to receive his SERP benefits. A copy of the Amendment is attached hereto as Exhibit 99.1 and is incorporated herein by reference.