Entergy (ETR) CEO Leonard to Retire; Succession Plan Announced
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Entergy Corporation (NYSE: ETR) 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.
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.
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