Entergy board of directors elects Chief Financial Officer Andrew Marsh as next CEO

NEW ORLEANS – ���ϳԹ��� announced today 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 has shaped Entergy’s purpose, culture and transformation with a relentless focus on creating long-term, sustainable value for customers, employees, communities and owners,” said Stuart Levenick, Entergy’s lead independent director. “Leo has built and led an experienced team that has consistently executed an orderly business strategy with solid underlying fundamentals, including a robust customer base, a strong financial position, a constructive regulatory environment, strong community partnerships, a talented, diverse workforce, and a world-class storm restoration organization. He has strengthened the business and positioned Entergy well for the future. While Leo will continue to serve Entergy for several more months, the entire board expresses its deep gratitude for his years of dedication, service and values-driven leadership. We are confident that Drew will carry the torch and continue serving all of Entergy’s stakeholders well by creating sustainable value today and for future generations.”

“When I think about Entergy’s forward momentum and some of the milestones we’ve recently achieved, like the creation of our first-ever chief customer officer and the successful completion of our planned, multi-year strategy to exit the merchant power generation business, I realized this would be a logical time and a natural transition point for me in my career,” said Leo Denault, Entergy chairman of the board and CEO. “Throughout my time at Entergy, I have endeavored to put our customers, the communities we serve and the company on a path that delivers long-term, sustainable value for all without leaving anyone behind. I’m immensely pleased and humbled by the many accomplishments our 12,000 strong team has achieved together.”

Denault concluded, “Having worked closely alongside Drew for many years building Entergy’s vision for the future, I have seen firsthand his strategic leadership, in-depth knowledge of all aspects of the business, and astute financial acumen. The future for Entergy is bright and there are significant opportunities ahead. I know Drew is the right person to successfully lead the company forward on the path we’ve built together.”

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 ���ϳԹ��� 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.

“I am both grateful and honored by the confidence the board has placed in me, and I’m honored to follow in my colleague and friend Leo Denault’s footsteps,” said Drew Marsh. “I will uphold Entergy’s values and the strategy that he has instilled in our leadership team. I look forward to advancing our We Power Life vision as we continue our journey of becoming the premier utility for everyone.”

Kimberly Fontan, 49, who has served as senior vice president and chief accounting officer since 2019, will succeed Marsh as executive vice president and chief financial officer. Prior to her current role, she served as vice president, system planning; vice president, regulatory services; and vice president, regulatory affairs. Fontan joined Entergy in 1996 as a staff accountant. She has held various roles of increasing scope and responsibility, including jurisdictional finance director for Entergy Louisiana, LLC and Entergy Gulf States Louisiana, L.L.C., and controller, utility operations, in addition to the roles previously noted. In addition to her role at Entergy, she serves on the board of the New Orleans Center for Creative Arts.

Fontan has a bachelor’s degree in business administration with an emphasis in accounting from The University of Southern Mississippi and an MBA from Loyola University New Orleans. She is a certified public accountant and a member of both the American Institute of Certified Public Accountants and the Mississippi Society of Certified Public Accountants.

Members of Entergy’s senior leadership team will be:

With decades of combined leadership experience, Entergy’s senior leadership team has the breadth and depth to lead the company forward. These leadership appointments will be effective Nov. 1.

About Entergy

Entergy (NYSE: ETR), a Fortune 500 company headquartered in New Orleans, powers life for 3 million customers through its operating companies across Arkansas, Louisiana, Mississippi and Texas. Entergy is creating a cleaner, more resilient energy future for everyone with our diverse power generation portfolio, including increasingly carbon-free energy sources. With roots in the Gulf South region for more than a century, Entergy is a recognized leader in corporate citizenship, delivering more than $100 million in economic benefits to local communities through philanthropy and advocacy efforts annually over the last several years. Our approximately 12,000 employees are dedicated to powering life today and for future generations. Learn more at entergy.com and follow @Entergy on social media. #WePowerLife

NEW ORLEANS – ���ϳԹ���, a leading electric utility of the Gulf South region, is included among the finalists in the prestigious 23rd annual S&P Global Platts Global ���ϳԹ��� Awards, including the Award for Excellence in Power and CEO of the Year. The 2021 Finalists were announced recently by program host S&P Global Platts, the leading global provider of energy and commodities information and spot market benchmarks.

Entergy was included among the Award for Excellence in Power finalists for its environmental, financial and storm response performance. A key factor in the selection included the company’s storm response to the busiest Atlantic hurricane season ever recorded in 2020, including three devastating storms in the Gulf South within just 62 days. Entergy deployed the largest restoration effort ever mobilized at that time while working amid a pandemic.

In addition, Entergy Chairman and Chief Executive Officer Leo Denault was named a finalist for CEO of the Year for his leadership toward accelerating the company’s carbon-reduction strategy, committing to net-zero carbon emissions by 2050 and for transforming the company into a pure-play electric utility over the last few years.

Organizations are judged on their demonstrated industrywide impact since January 2020. Entergy won this category in 2002 and 2003.

The recognizes achievements in innovation, leadership, and company performance in spanning the entire energy complex worldwide. The Global ���ϳԹ��� Awards’ independent panel of esteemed judges will select winners for each award category from the corresponding group of finalists. The winners will be announced Dec. 9 in New York City.¬†¬†¬†¬†¬†¬†

About ���ϳԹ���

���ϳԹ��� (NYSE: ETR) is an integrated energy company engaged in electric power production, transmission and retail distribution operations. Entergy delivers electricity to 3 million utility customers in Arkansas, Louisiana, Mississippi and Texas. Entergy owns and operates one of the cleanest large-scale U.S. power generating fleets with approximately 30,000 megawatts of electric generating capacity, including 7,000 megawatts of nuclear power. Headquartered in New Orleans, Louisiana, Entergy has annual revenues of $10 billion and approximately 12,500 employees. Learn more at entergy.com and follow on social media.

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NEW ORLEANS – The Center for Climate and ���ϳԹ��� Solutions or C2ES and The Climate Registry today awarded ���ϳԹ��� and its Chairman and Chief Executive Officer Leo Denault with a national 2021 Climate Leadership Award.

“We are honored to receive this recognition for our commitment to climate action and environmental stewardship through innovative solutions on behalf of all stakeholders,” said Denault. “Entergy is committed to delivering affordable, cleaner energy to our customers and we are accelerating the transformation toward a more sustainable future for everyone.”

Entergy and Denault received awards during the 10th annual , which recognizes exemplary corporate, organizational and individual leadership in reducing carbon pollution and actively addressing climate change.

“We are honored to receive this recognition for our commitment to climate action and environmental stewardship through innovative solutions on behalf of all stakeholders. Entergy is committed to delivering affordable, cleaner energy to our customers and we are accelerating the transformation toward a more sustainable future for everyone.”

– Leo Denault, ���ϳԹ��� Chairman and CEO

Denault was honored with an Individual Leadership award for accelerating Entergy’s carbon-reduction strategy and advancing climate resilience initiatives for the Gulf Coast region. Under Denault’s leadership as chairman of the board and CEO, Entergy has worked to ensure that concern about climate change translates into meaningful action and measurable outcomes across the company’s operations.

Entergy was also recognized with an Organizational Leadership award for its near- and long-term climate commitments and for its work to transform its power generation portfolio to cleaner, modern and more efficient energy sources that benefit all stakeholders. Entergy is proud to have been the first U.S. electric utility to commit to voluntarily stabilizing greenhouse gas emissions in 2001. The company outperformed its most recent 2020 emissions reduction goal by 8% and recognizes the importance of ensuring its emission reduction targets are in line with the latest science that says we must achieve net-zero emissions no later than 2050. Last year, Entergy to completely reducing or neutralizing carbon emissions produced from all of its operations by 2050.

To help Entergy customers lower their energy consumption, save money and reduce their own environmental footprint, the company offers a variety of energy efficiency programs, including education and outreach, technology improvements and customer incentives. The company is also partnering with commercial and industrial customers on innovative, clean energy solutions like beneficial electrification programs to help them reduce their carbon footprint and achieve their own sustainability goals.

Entergy is the only U.S. electric utility for sustainable business practices for 19 consecutive years by the Dow Jones Sustainability Index. The company operates one of the cleanest large-scale power generating fleets in the United States, according to the by independent environmental firm M.J. Bradley & Associates.

Learn more about Entergy’s leadership in building a cleaner and sustainable energy future at entergy.com/environment.

About ���ϳԹ���

���ϳԹ��� is an integrated energy company engaged in electric power production, transmission and retail distribution operations. Entergy delivers electricity to 3 million utility customers in Arkansas, Louisiana, Mississippi and Texas. Entergy owns and operates one of the cleanest large-scale U.S. power generating fleets with approximately 30,000 megawatts of electric generating capacity, including 7,000 megawatts of nuclear power. Headquartered in New Orleans, Louisiana, Entergy has annual revenues of $10 billion and approximately 12,500 employees. Learn more at entergy.com and follow on social media.

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Entergy Chairman and CEO Leo Denault is fond of saying, “Entergy was focused on ESG before ESG was cool.” He has good reason—the energy company has been a leader in sustainability and environmental stewardship for two decades. While Denault has been instrumental in advancing Entergy’s commitment to corporate responsibility since taking office in 2013, he gives credit for the company’s early adoption of the philosophy to its previous chairman and CEO, J. Wayne Leonard.

“Wayne quickly emerged as a visionary with the courage to challenge an electric utility’s traditional role in society and position Entergy as a successful Fortune 500 company with a conscience,” says Denault. “We have long understood that our role transcends creating shareholder value. Our business strategy is built on the concept that every decision we make at Entergy is intended to serve not just the needs of one stakeholder but create sustainable value for all stakeholders. We think holistically about who we are creating value for—our customers, employees, communities and owners.”

“We think holistically about who we are creating value for—our customers, employees, communities and owners.”

—Entergy Chairman and CEO Leo Denault

Entergy, which delivers electricity to 2.9 million utility customers in Arkansas, Louisiana, Mississippi and Texas, began living that credo early on. In 2001, the company was the first U.S. utility to voluntarily commit to stabilizing carbon dioxide emissions. The following year, the company established a power generation portfolio transformation strategy to better meet customers’ needs by replacing older, less efficient generation with cleaner, more efficient resources—a program it has continued to expand on ever since.

In 2020, Entergy celebrated its 19th consecutive year on the Dow Jones Sustainability Index and, in September, announced a new climate commitment of achieving net-zero carbon emissions by 2050. The company is also investing an estimated $1.4 billion toward growing its renewable energy portfolio through 2024.

Entergy’s dedication to corporate responsibility has long extended beyond environmental issues. In 1987, Entergy became the first utility company in the nation to commit to the NAACP’s Fair Share Principles, notes Denault. “Since that time, we’ve spent more than $5 billion with minority and women suppliers who provide a wide range of goods and services,” he says. “In 1999, we established our first low-income customer assistance initiative to address the needs of our most vulnerable customers: the 25 percent of the population in our utility service territory living at or below the poverty level who make daily tradeoffs between things like food, medicine and power. As they rise, we all rise, something for which we can all be thankful.”

Entergy is also taking part in strategies to develop both the workforce of tomorrow and job growth in the regions in which it operates through a $5 million investment in a five-year workforce readiness program. Since the initiative’s launch in 2015, 1,025 certifications have been awarded, nearly 1,200 individuals enrolled in workforce development programs and more than 7,500 individuals were served indirectly. Additionally, Entergy has contributed more than $7.4 million to historically Black colleges and universities in its service area to fund facility and curriculum improvements, technology upgrades, scholarships and internship and mentoring programs.

Entergy’s site development program focuses on helping communities compete for development opportunities.

Entergy is home to the largest industrial base in the U.S. and maintains electricity rates that are some of the lowest in the country. The company has also played a vital role over the past 10 years supporting projects that brought $92.5 billion of capital investment and nearly 68,000 new jobs to the region.

Such actions to help prime the South for business growth have won accolades, with Site Selection magazine recently naming Entergy one of the Top 10 U.S. electric utilities in economic development for the 13th consecutive year and the Points of Light organization naming it a top 50 community-minded company in the U.S. for the fifth consecutive year.

Entergy’s story serves to underscore a realization that more and more businesses are embracing—that commitment to purpose is a viable path to sustainable growth across all stakeholders. “Our vision goes much further than powering the grid,” says Denault. “Together, we are on a journey with our stakeholders to improve lives, build businesses and create prosperity. Our vision at Entergy is ‘We Power Life.’ When we say, ‘We Power Life,’ we are talking about the human power that comes from working together to create opportunities, strengthen communities and proactively find solutions to the challenges of today and tomorrow.”

To learn how Entergy powers business, visit .

Article originally published in the Winter 2021 issue of ���������������Ա�.

The reality is that while we’ve seen the stories of these two men on the news and in social media, we know that there are countless other stories that have not been told. Stories of people living in the communities we serve and across the nation who are struggling to have their voices heard as they seek equality, peace and justice. 

As heart wrenching and uncertain as these past few weeks have been, they have also served as a springboard for a national dialogue about how we can bridge our racial and economic divides to help change our society for the better. 

At Entergy, our vision is focused on powering life. Building on our vision, we established a mission in 2013 to create sustainable value for all our stakeholders: our customers, employees, communities and owners. We recognize that as one stakeholder benefits, all should benefit. Equally, when one stakeholder suffers, all suffer. 

As our human rights statement outlines, “Entergy respects the human rights of all individuals.” We remain steadfast in our commitment to elevate our communities through tangible actions like ensuring diversity among our and , establishing and retention programs that help our workforce reflect the rich diversity of the communities in which we operate, spending our money with diverse suppliers and business partners, and investing our volunteer time and financial resources to build a diverse pipeline of talent while also contributing to the economic livelihood of our regions. We will continue to move forward in these areas and you have my commitment, along with that of the entire Entergy leadership team, that we won’t retreat from our obligations – personally and professionally. 

With a workforce of more than 13,000 across Louisiana, Mississippi, Texas, Arkansas, New York and Michigan, we leave no room at Entergy for racism, discrimination or intolerance, but rather seek to achieve our vision and mission through diversity and inclusion of all people and their unique ideas, backgrounds, perspectives, religions and cultures. 

We do these things because we know that our actions toward creating real and meaningful change will speak much louder than words.

Each year at its Annual Dinner, the AIHS presents its Gold Medal to a chosen individual of Irish descent. The medalist is chosen for their exemplary life and accomplishments, which highlight the continuing mission and purpose of the Society. On Thursday, Nov. 7, 2019 Leo P. (Sullivan) Denault was presented with the 122nd Gold Medal of the AIHS, in the Grand Ballroom of The Plaza in New York City.

For the evening of Nov. 7, Mr. Denault used his mother’s maiden name, Sullivan, to honor her, his Irish heritage, and the story of the Irish in New York City, New Orleans, and beyond. Mr. Denault calls New Orleans home and sees the enduring landmarks of the early 19^th century Irish experience and contributions to his city on a daily basis. These remind him of his story and the story of countless others whose families came in search of the American dream.

“Leo P. (Sullivan) Denault is an exemplar of the achievements that can be reached by the future generations of those who journey across the sea,” said Maureen Bateman, President-General of the AIHS. “The American Irish Historical Society is honored to celebrate the life and career of Leo P. (Sullivan) Denault and to confer upon him the Society’s honor.”

Mr. Denault is the Chairman and Chief Executive Officer of Entergy, a Fortune 500 company, that helps bring power to millions of people living in Arkansas, Louisiana, Mississippi and Texas. Mr. Denault is leading the effort to transform Entergy to a pure-play utility that is deploying new technologies to improve the customer experience while maintaining customer rates that are among the lowest in the country. Entergy is devoted to its community and its team committed more than one hundred twelve thousand hours of volunteer service and nearly $20 million last year alone to help those struggling to make their way.

“I am honored to accept this award and grateful to be mentioned in the same paragraph as the distinguished Gold Medal winners who have come before me. As with so much about American Irish history, their collective stories of hard work, commitment and perseverance are a source of inspiration and sets the true gold standard for us all to aspire to.”

– Leo Denault, ���ϳԹ��� Chairman and CEO

Mr. Denault also devotes himself personally to local charities and serves on the board of directors for Jobs for American Graduates, a school-to-career program dedicated to removing barriers to graduation and/or employment for young people. In these ways, his life and career reflect the ideals of the Society.

“I am honored to accept this award and grateful to be mentioned in the same paragraph as the distinguished Gold Medal winners who have come before me,” said Mr. Denault. “As with so much about American Irish history, their collective stories of hard work, commitment and perseverance are a source of inspiration and sets the true gold standard for us all to aspire to.”

Previous AIHS Gold Medal honorees include: U.S. Presidents Theodore Roosevelt and Ronald Reagan; U.S. Senator Daniel Patrick Moynihan; Cardinal John O’Connor of New York; musician Bono; actor Liam Neeson; Loretta Brennan Glucksman, Chairman of the American Ireland Fund; Author Mary Higgins Clark; Sir Anthony O’Reilly, former Chairman of H. J. Heinz Company; Donald Keough, former President and CEO of The Coca-Cola Company and Chairman Emeritus of Notre Dame’s Board of Trustees; and Declan Kelly, economic envoy to Northern Ireland and former Chairman and CEO of Financial Dynamics.

About the American Irish Historical Society

The American Irish Historical Society was founded in Boston in 1897 by fifty American Irishmen, including Theodore Roosevelt, who with the motto “That The World May Know,” dedicated themselves to telling the true story of the Irish in America. Founded to inform the world of the achievements of the Irish in America, today the Society is a national center of scholarship and public education. From its home on New York’s Museum Mile, the Society serves as a focal point of the contemporary transatlantic Irish experience, a place where current public issues are explored, and where the great renaissance of Irish culture is celebrated in lectures, concerts, art & design exhibitions. The AIHS houses an unmatched collection of rare Irish books, newspapers and memorabilia. Non-partisan and non-sectarian from its inception, the Society welcomes new members and is pleased to make its library and select events open to the public.

Cross-posted with permission by .

NEW ORLEANS – ���ϳԹ��� (NYSE: ETR) today announced that J. Wayne Leonard, 61, the company’s chairman and chief executive officer, has informed the board of directors of his decision to retire on Jan. 31, 2013. Leo Denault, 52, currently executive vice president and chief financial officer, has been elected to succeed Leonard as chairman and CEO at that time. Leonard is the longest serving CEO in company history beginning with his election in October 1998. Andrew Marsh, 40, currently vice president, system planning, will succeed Denault as executive vice president and CFO.

Also retiring in January is Entergy Wholesale Commodities President Richard Smith, 60, who joined Entergy in 1999. William Mohl, 52, currently chairman, president and CEO of Entergy Louisiana and Entergy Gulf States Louisiana, will succeed Smith and relocate to the Northeast.

Said Leonard, “We have worked hard to build value for all stakeholders and adapt to a changing marketplace. I am proud of our track record overall and confident that our team is focused on the right things to ensure that we meet and ultimately exceed the expectations of our shareholders, customers and all stakeholders. The board’s constant focus on developing the next generation of leadership is, of course, key to achieving Entergy’s broader goals. I believe we have the most bench strength in our industry and an extraordinarily strong senior management team that has been tested time and time again. They are more than ready to lead this company into the future. Over the next several months, we will all be focused on a seamless transition as we increase the momentum on our value-creation initiatives.”

Leonard continued, “Having worked closely alongside Leo for almost 25 years, since his early days at PSI ���ϳԹ��� and then through the merger that formed Cinergy, I know he is absolutely the right person to lead the team. I have seen firsthand his strategic vision and leadership, financial acumen and in-depth knowledge of the business, and he has more than proven himself in challenging environments.

“And, in Drew Marsh, who will become CFO, we have a leader who is extremely well-versed in all aspects of our business, including corporate finance and strategic and system planning. He is not only extremely intelligent but also well-respected throughout the company, serving as the “go-to guy” on tough assignments with proven practical knowledge to add value. He has been groomed for this role for a long time, and has the skills and experiences that will support and complement those of the leadership team.”

Leonard concluded, “I would be remiss without expressing special recognition for my longtime friend and colleague Rick Smith, who joined me at Entergy from Cinergy, and who has also announced his plans to retire at the end of January. We are all grateful for his enormous leadership and dedication over 13 years. Always focused on results, Rick has led with integrity and passion and he will be missed by many – both inside and outside the company.

“At the same time, Rick and I are both pleased that Bill Mohl has agreed to step into Rick’s current role. Bill will be moving to the Northeast, and neither Rick nor I can think of a leader more perfectly suited to dealing with the challenges and opportunities ahead. He knows the generation business very well and will expertly apply that knowledge to our EWC business.”

In previous capacities, Smith served as Entergy’s group president of utility operations from 2002 to 2007 and chief operating officer from 2007 to 2010 before assuming his current position as president of Entergy Wholesale Commodities business in 2010.

Said Gary Edwards, presiding director, “While Wayne will continue to serve as chairman and CEO for several months, the entire board expresses its strong, unanimous and deep gratitude to him for his years of dedication and service. Wayne has had an outstanding career, working tirelessly on behalf of so many and winning the respect of all, and we salute him for his numerous accomplishments. His bold vision, his willingness to take a stand and speak out on issues important to the company, its stakeholders and our industry, and his unbridled focus on principles-based leadership and ‘doing the right thing,’ are unmistakable hallmarks of his tenure with Entergy.”

Leonard became CEO and joined the board effective Jan. 1, 1999 and assumed the additional role of chairman in 2006. Leonard’s many recognitions include a record 11 straight years as a finalist for CEO of the Year in the annual Platts Global ���ϳԹ��� Awards competition and being ranked as one of the top CEOs in the power industry for seven consecutive years by Institutional Investor���������������Ա�. Leonard was named top CEO in 2004 and 2010 and a member of the magazine’s “2010 All-America Executive Team.” In addition, he has been recognized with various awards from low income and environmental advocacy groups including the National Wildlife Federation Achievement Award for commitment to Gulf Coast restoration and addressing climate change and the first ever Community Action Partnership’s Corporate Champion Award for low income efforts.

Edwards continued, “The board has every confidence that Leo’s experience, deep knowledge of the business and proven leadership capabilities make him the ideal person to build on the solid foundation he inherits from Wayne to lead the company into the future. He has been the visionary leader behind a number of important strategic initiatives for the company and is superbly prepared for his new role. We look forward to working closely with him for years to come.”

Background Information

Leo Denault

Denault joined Entergy in 1999 as vice president, corporate development. In 2002, he assumed responsibility for the areas of strategic planning, the office of the chief risk officer, and strategic pricing and transmission services. He became executive vice president and chief financial officer in February 2004. During his tenure of financial leadership as CFO, the company delivered the highest operational earnings per share and highest operating cash flow in company history in 2011 and 2010, respectively, and he was named to Institutional Investor magazine’s “2010 All-America Executive Team” and was ranked as the best CFO in the power industry in 2010 and 2009. Denault has a bachelor’s degree in economics and accounting from Ball State University in Muncie, Indiana, and a master’s degree in business administration from Indiana University.

“I am honored to be elected to this position, grateful to the board for the confidence it has placed in me, and humbled to follow in Wayne’s footsteps,” said Denault. “He has been an outstanding mentor to me and the whole team. Our team is strong, our future is bright, and I look forward to working with the board and our talented executive team to build on our strong foundation, continue to align with and support the interests of our customers, employees and communities and deliver long-term, sustainable growth for our shareholders.”

Andrew Marsh

Andrew (Drew) Marsh joined Entergy in 1998 and held multiple corporate planning roles before being transferred to Entergy-Koch, LP as vice president, strategic planning where he coordinated multiple acquisition processes for pipeline and generating assets. With Entergy’s decision to exit the partnership, Marsh was a key member of the transaction team for the sales of both Entergy-Koch Trading and Gulf South Pipeline, the two principal businesses of the partnership. Returning to Entergy, Marsh served in a series of financial planning and strategy roles, including vice president, planning and financial communications, where he reported to the CFO and was responsible for strategic planning, financial planning, the investment approval process, financial communications and commercial analytics. In his current role as vice president, system planning, he oversees a large organization with responsibility for executing commercial operations for the Entergy utility operating companies. In this role, he led the negotiation and/or identification of approximately $3.8 billion for acquisitions, new construction investment and long-term power purchase agreements through the process for request for proposals for utility supply-side resources and also directed the execution of other commercial transactions estimated at approximately $7.8 billion (all board-approved transactions and in nominal dollars). Marsh holds a master’s degree in management from Kellogg Graduate School of Management at Northwestern University and a bachelor of science degree, mechanical engineering, from the University of Notre Dame where he played for the Fighting Irish football team.

William Mohl

William (Bill) Mohl began his career at Public Service Company of Colorado, now an affiliate of Xcel ���ϳԹ���, before moving to Koch Industries where he held a number of leadership roles in various gas and power businesses. He joined Entergy in 2002 and was responsible for the procurement of all fuel and generation resources and in 2007 became vice president, system planning. He became chairman, president and CEO of Entergy Louisiana and Entergy Gulf States Louisiana in June 2010, with responsibilities for the Louisiana utilities’ electric and gas distribution systems, customer service, economic development, regulatory and governmental affairs. He has a bachelor’s degree in business administration and finance and a master’s degree in business administration from Regis University in Denver. In his new role, Mohl will relocate to New York State and will be headquartered in the company’s White Plains, N.Y. office.

Marsh’s and Mohl’s successors will be named at a later date.

Other Continuing Members of the Office of the Chief Executive are:

• Rod West, executive vice president and chief administrative officer, with responsibility for the office of general counsel, human resources and administration, federal regulatory and governmental affairs, public policy and corporate communications organizations.
• Theo Bunting, group president, utility operations, with responsibility for the utility businesses in Arkansas, Louisiana, Mississippi, New Orleans and Texas.
• Mark Savoff, executive vice president and chief operating officer, with responsibility for nuclear operations, the business operations of fossil generation, transmission operations, system safety and environment, supply chain, system planning, and performance management.

West, Bunting and Savoff will report directly to Denault when he assumes the chairman and CEO role, as will Marsh and Mohl.

• Marcus Brown, senior vice president and general counsel, responsible for all legal, ethics and compliance matters affecting ���ϳԹ��� and its subsidiaries. Brown reports to West.
• Renae Conley, executive vice president, human resources and administration and the company’s chief diversity and inclusion officer. Conley reports to West.
• John Herron, president and CEO of nuclear operations and chief nuclear officer reporting to Savoff.

���ϳԹ��� is an integrated energy company engaged primarily in electric power production and retail distribution operations. Entergy owns and operates power plants with approximately 30,000 megawatts of electric generating capacity, including more than 10,000 megawatts of nuclear power, making it one of the nation’s leading nuclear generators. Entergy delivers electricity to 2.8 million utility customers in Arkansas, Louisiana, Mississippi and Texas. Entergy has annual revenues of more than $11 billion and approximately 15,000 employees.

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Additional information can be accessed online at

www.entergy.com.

NEW ORLEANS – J. Wayne Leonard, chairman and chief executive officer of ���ϳԹ���, is the top CEO in the power industry and a member of the “2010 All-America Executive Team,” according to rankings compiled by Institutional Investor magazine.

Entergy also was listed as the top electric utility in the country and among the top nine companies in the nation, making it one of the “Most Honored Companies” included in the magazine’s survey of more than 1,350 securities analysts representing more than 500 securities firms and financial institutions.

Included on the “All-America Executive Team” was Executive Vice President and Chief Financial Officer Leo Denault, who was ranked as the best CFO in the power industry.

Leonard has ranked as one of the top CEOs in the nation for seven consecutive years in the magazine’s survey. He is the only CEO included among the top four electric utility CEOs in the rankings every year since they began in 2004. He was named top CEO in the power industry in 2004.

The ranking by Institutional Investor follows Leonard being named a finalist in September 2009 for CEO of the Year in the Global ���ϳԹ��� Awards for a record ninth consecutive year on the strength of his leadership and his advocacy of a robust federal policy to combat climate change. He won that award in 2003.

It is the second straight year Institutional Investor‘s survey rated Denault as the best CFO in the electric utility sector. Denault was rated the top CFO by sell-side analysts with major brokerages, and he tied for first in the survey of buy-side analysts. He has finished among the top five CFOs in the industry in each of the last five years.

In addition, analysts said Entergy’s investor relations department was the best in the industry. It is the second straight year the department has been among the top performers.

���ϳԹ��� is an integrated energy company engaged primarily in electric power production and retail distribution operations. Entergy owns and operates power plants with approximately 30,000 megawatts of electric generating capacity, and it is the second-largest nuclear generator in the United States. Entergy delivers electricity to 2.7 million utility customers in Arkansas, Louisiana, Mississippi and Texas. Entergy has annual revenues of more than $10 billion and approximately 14,700 employees.

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Entergy’s online address is www.entergy.com