Entergy Corporation announced that Leo P. Denault, chairman and chief executive officer, will retire in 2023 following 23 years of service to the company and a 40-year career in the energy industry. As part of an orderly and planned leadership succession process, the Entergy board of directors elected Andrew "Drew" Marsh, executive vice president and chief financial officer, to succeed Denault as CEO, effective Nov. 1. Denault will continue to lead the board as executive chairman until his retirement.

He will work closely with Marsh and the senior leadership team to support a smooth and organized transition that builds on the company's momentum in areas of customer solutions, renewable energy generation, infrastructure resilience and operational excellence. Leo Denault 62, was appointed chairman and CEO in 2013. Soon after, he guided the company through its 100-year milestone and later launched the company's forward-thinking vision, We Power Life.

Denault led Entergy's transformation into a pure-play electric utility and set the company on the path to become the premier utility – one focused on delivering a cleaner, brighter and more sustainable future for everyone. As CEO of one of the cleanest large-scale U.S. utilities, Denault and his team have executed a strategic capital plan to modernize its power generation portfolio to ever cleaner and more resilient energy sources while maintaining some of the lowest electricity rates in the nation. Under Denault's leadership, Entergy has grown its service footprint to 3 million customers and has been recognized as a driving force behind the industrial expansion and job creation across the company's four states.

Prior to being named chairman and CEO, Denault served as executive vice president and chief financial officer beginning in 2004. He played a critical role in 2005 ensuring Entergy – the only Fortune 500 company with headquarters in New Orleans – returned to the city following Hurricane Katrina, the largest natural disaster in U.S. history at the time. He also helped restore confidence to the financial markets and helped rebuild the company's New Orleans utility, Entergy New Orleans, which was forced to file for bankruptcy after suffering a nearly total loss of its customers following the storm.

Under his leadership as CFO, Entergy delivered the highest earnings per share and highest operating cash flow in company history in 2011 and 2010, respectively. Among his numerous recognitions, Denault was honored as a Global Energy Awards finalist for the S&P Platts Global 2021 Chief Executive of the Year and by the Climate Leadership Conference with a 2021 Individual Leadership Award for accelerating Entergy's carbon reduction strategy to net-zero emissions by 2050 and advancing climate resilience initiatives throughout communities in the Entergy region. As CFO, he was named to Institutional Investor magazine's "2010 All-American Executive Team" and was ranked as the best CFO in the power industry in 2010 and 2009.

Denault has also been recognized as a corporate champion for low-income customers and serves on the board of directors for Jobs for America's Graduates, a school-to-career program dedicated to removing barriers to graduation and/or employment for young people. Andrew "Drew" Marsh 50, joined Entergy in 1998 and served in a series of financial planning and strategy roles, including vice president, planning and financial communications, where he oversaw a large organization responsible for executing commercial operations for the Entergy utility operating companies. He was named executive vice president and chief financial officer in 2013.

As CFO, Marsh has maintained Entergy's firm financial standing, ensuring the company is well-positioned to achieve its strategic business objectives. In addition to his role at Entergy, he is a member of the Nuclear Electric Insurance Limited board of directors, KIPP New Orleans Schools board of directors, and Posse New Orleans advisory board. He has a bachelor's degree in mechanical engineering from the University of Notre Dame and a master's degree in management from Kellogg Graduate School of Management at Northwestern University.

Members of Entergy's senior leadership team will be: Rod West, group president, utility operations, will continue his current responsibilities overseeing Entergy's five utility businesses in Arkansas, Louisiana, Mississippi, New Orleans and Texas. He will continue to direct Entergy's engagement with state and local government regulators, economic development and the organization responsible for delivering quality customer experiences. Kimberly Fontan, chief accounting officer, has been appointed executive vice president and chief financial officer, where she will be responsible for corporate finance, treasury, accounting, intern al audit, investor relations, and corporate development and planning.

Marcus Brown, executive vice president and general counsel, will continue in his current role with responsibility for all legal, ethics and compliance, federal policy, regulatory and government affairs, communications, and corporate security and governance matters affecting Entergy Corporation and its subsidiaries. Chris Bakken, executive vice president and chief nuclear officer, has been appointed executive vice president of Entergy infrastructure, where he will have oversight responsibility for both the utility operations and the nuclear operations. In this expanded role, Bakken will draw from his extensive leadership career in nuclear energy to oversee operational excellence, reliability, resilience and an improved quality of service from Entergy's diverse power generation portfolio.

Peter Norgeot Jr., executive vice president and chief operating officer, continues in his role with responsibility for safety and human performance, power generation, power delivery, system planning, capital projects, system resilience, and compliance with federal standards for critical infrastructure protection. Norgeot will report to Bakken. Kimberly Cook-Nelson, senior vice president, nuclear corporate services, has been named executive vice president of nuclear operations and chief nuclear officer, with responsibility for the safe and reliable operations of Entergy's four emissions-free nuclear plants located in Arkansas, Louisiana and Mississippi.

Cook-Nelson will report to Bakken. Julie Harbert, senior vice president, corporate business services, will continue in her current role with responsibility for information technology, supply chain, finance operations, human resource operations, real estate, facilities, aviation, and continuous improvement. Kathryn Collins, senior vice president and chief human resources officer, will continue in her current role overseeing human resources strategy, including talent management, business partnerships, compensation, benefits, labor relations, organizational health, and diversity workforce strategies.