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Entergy Corporation (NYSE:ETR), a major provider of electricity with annual revenues of $2.46 billion and EBITDA of $1.14 billion, announced significant changes to its board of directors across several subsidiaries. According to InvestingPro data, the company maintains a healthy current ratio of 1.36 and offers shareholders an attractive forward dividend of $1.22 per share. Effective May 1, 2025, Kimberly S. Cook-Nelson was elected to the board of directors of Entergy Arkansas, LLC, Entergy Louisiana, LLC, Entergy Mississippi, LLC, Entergy New Orleans, LLC, and Entergy Texas, Inc. This decision comes as a result of Peter S. Norgeot, Jr.’s resignation from each board. The leadership transition comes at a time when the company faces revenue headwinds, with a 7.04% decline in the last twelve months.
Cook-Nelson will undertake her new role without compensation. The company disclosed no existing arrangements or understandings between Cook-Nelson and any other individuals concerning her appointment. Furthermore, there are no reported family relationships between Cook-Nelson and any current director or executive officer of the aforementioned Entergy subsidiaries. Additionally, Cook-Nelson does not have any material interest in transactions that would require disclosure under SEC regulations.
The appointments and departures were formally declared in a filing with the U.S. Securities and Exchange Commission. The information provided in this article is based on a press release statement.
In other recent news, Entergy Corporation announced the appointment of Kimberly S. Cook-Nelson to its Board of Directors, effective May 1, 2025. This appointment fills the vacancy left by the resignation of Peter S. Norgeot, Jr. Cook-Nelson will serve on the boards of Entergy Arkansas, LLC, Entergy Louisiana, LLC, Entergy Mississippi, LLC, Entergy New Orleans, LLC, and Entergy Texas, Inc. The appointment was confirmed through an 8-K filing with the Securities and Exchange Commission, which also noted that Cook-Nelson will not receive compensation for her role. There are no reported arrangements or understandings between Cook-Nelson and any other individuals regarding this appointment. Additionally, she does not have any family relationships with current directors or executive officers of the subsidiaries, nor any material interest in related party transactions requiring disclosure. The 8-K filing also mentioned securities registered pursuant to Section 12(b) of the Act, including trading symbols and registration on the New York Stock Exchange for various mortgage bonds and preferred stock. This move is part of Entergy’s ongoing governance and leadership updates.
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