Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
In conjunction with the continued focus on succession planning, on January 3,
2023, CenterPoint Energy, Inc. (the "Company") announced a new organizational
structure to support the continued execution of the Company's long-term growth
strategy, effective immediately. Under this new organizational structure:
•Mr. David J. Lesar, Chief Executive Officer, will continue in his current role.
•Mr. Jason P. Wells, President and Chief Operating Officer, will continue in his
current role, including overseeing the Company's utility operations while adding
responsibilities for the Company's safety program, and will continue to report
to Mr. Lesar. Mr. Wells will also continue to serve as Chief Financial Officer
until his successor has been appointed.
•Ms. Monica Karuturi, Executive Vice President and General Counsel, will
continue in her current role while adding responsibilities for the Company's
strategic planning, cybersecurity and Energy Systems Group, LLC, a subsidiary of
the Company, and she will continue to report to Mr. Lesar.
•Ms. Lynne Harkel-Rumford, Executive Vice President and Chief Human Resources
Officer, will continue in her current role while adding responsibility for the
Company's marketing but transferring her responsibilities for the Company's
safety program to Mr. Wells, and she will continue to report to Mr. Lesar.
•Mr. Jason Ryan, Executive Vice President, Regulatory Services and Government
Affairs, will continue in his current role, and he will report to Mr. Wells.
•Mr. Scott E. Doyle, Executive Vice President, Utility Operations, and Mr.
Gregory E. Knight, Executive Vice President, Customer Transformation & Business
Services, have left the Company and its subsidiaries effective January 3, 2023
in connection with the elimination of their positions. The departure of Messrs.
Doyle and Knight from the Company is not the result of any disagreement with the
Company on any matter relating to the Company's operations, policies and
practices, including any matters concerning the Company's controls or any
financial or accounting-related matters or disclosures.
As a result of the new organizational structure, the Executive Committee of the
Company will comprise of Mr. Lesar, Mr. Wells, Ms. Karuturi, Ms. Harkel-Rumford
and Mr. Ryan. A copy of the press release announcing the Company's new
organizational structure is furnished as Exhibit 99.1 hereto and is incorporated
by reference herein.
In connection with Mr. Doyle's departure from the Company and affiliated
entities, the Company expects to enter into a separation and release agreement
with Mr. Doyle and an amendment to this Current Report on Form 8-K will be filed
following the execution of the separation and release agreement.
Item 7.01. Regulation FD Disclosure.
On January 3, 2023, the Company issued a press release announcing the Company's
new organizational structure. A copy of the press release is furnished as
Exhibit 99.1 hereto and is incorporated by reference herein.
The information furnished in Item 7.01 and Exhibit 99.1 is not deemed "filed"
for purposes of Section 18 of the Exchange Act of 1934, as amended (the
"Exchange Act"), is not subject to the liabilities of that section and is not
deemed incorporated by reference in any filing under the Securities Act of 1933,
as amended, or the Exchange Act.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
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EXHIBIT
NUMBER EXHIBIT DESCRIPTION
99.1 Press Release dated January 3, 2023
104 Cover Page Interactive Data File - the cover page XBRL tags are embedded
within the Inline XBRL document
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