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Entergy Corporation (NYSE:ETR), a $37.3 billion utility company whose stock has delivered an impressive 60% return over the past year, announced Monday that its board of directors has elected R. Lewis (JO:LEWJ) Ropp as a director, effective August 15, 2025. With this appointment, the board will expand from 10 to 11 members. The company’s stock is currently trading near its 52-week high of $89.35.
According to the company’s statement in a Securities and Exchange Commission filing, Mr. Ropp will serve until Entergy’s 2026 annual meeting of shareholders. The board determined that Mr. Ropp qualifies as an independent director under New York Stock Exchange rules and the company’s corporate governance guidelines. He will join both the Audit Committee and the Corporate Governance Committee.
Mr. Ropp, age 66, is a retired Senior Managing Director and Senior Equity Partner of Barrow Hanley Global Investors, where he worked from October 2001 until June 2024. He also served on Barrow Hanley’s Executive Committee from 2017 to 2024. His previous experience includes roles as a research analyst and managing director at Howard, Weil, Labouisse, Freidrichs, Inc. and Frost Securities, Inc., as well as positions in the oil and gas industry at The Hargett Companies, Baker Hughes Company (NASDAQ:BKR), and Shell Oil Company. Since January 2025, Mr. Ropp has served on the board of directors and audit committee of Magnolia Oil & Gas (NYSE:MGY) Corporation.
Entergy stated there are no arrangements or understandings between Mr. Ropp and any other person regarding his election as director. He will receive the same compensation as other non-employee directors, with a pro rata portion for the period from his effective appointment through the next annual meeting.
This information is based on a statement in Entergy’s recent SEC filing.
In other recent news, Entergy Corporation reported its first-quarter earnings for 2025, showcasing a strong performance in earnings per share (EPS) but missing revenue expectations. The company achieved an adjusted EPS of $0.82, surpassing the forecast of $0.69, while revenue reached $3.02 billion, slightly below the anticipated $3.08 billion. Additionally, Entergy completed the sale of its natural gas distribution business to Delta Utilities, involving approximately 3,700 miles of natural gas pipelines and 2,200 miles of service lines, after securing all necessary regulatory approvals. Entergy also settled forward sale agreements, delivering about 15.56 million shares and receiving cash proceeds of approximately $806 million, as part of its equity distribution program. Furthermore, R. Lewis Ropp has been elected as an independent director to Entergy’s board, expanding the board to 11 members. Ropp brings extensive experience from his tenure at Barrow Hanley Global Investors, where he managed over $5 billion in assets. These developments mark significant movements in Entergy’s strategic and financial landscape.
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