CenterPoint Energy announces organizational changes
CenterPoint Energy announces organizational changes
2023-01-03T06:00:00Z

New streamlined structure supports continued execution of long-term growth strategy and advances company's succession planning efforts

HOUSTON, Jan. 3, 2023 - CenterPoint Energy, Inc. (NYSE: CNP) today announced organizational changes designed to further strengthen execution of the company's long-term growth strategy, its service to customers and communities, value-creation for stakeholders, operational efficiencies, and corporate governance. The streamlined structure, which is effective today, builds upon the previously announced promotion of Jason Wells to President and Chief Operating Officer, effective Jan. 1, with Dave Lesar continuing to serve as Chief Executive Officer. Wells will report to Lesar.

"Since my appointment to CEO more than two years ago, I have been laser focused on pursuing a strategy of unlocking the strength and potential of our company to position us among the premium-valued utilities in our industry," said Lesar. "Accomplishing these strategic priorities starts with our most important resource – our diverse and talented workforce – and the company's continuing investments in developing future leaders to ensure we have a deep succession pipeline."

Lesar added, "Today's leadership promotions and appointments reflect a comprehensive succession planning process that we have developed at the direction of our Board Chairman and full Board of Directors. With Jason at the helm as our President and Chief Operating Officer, he has designed an outstanding organizational structure that I strongly believe will position our company for success for years to come."

Wells said, "As we execute on our long-term growth strategy, our performance continues to require a strong, diverse and talented team that is committed to quality results for our customers, shareholders and communities. It is critical that our employees are empowered to deliver on the opportunities for our company as we implement our industry-leading capital investment plan that is focused on safety, reliability, growth, and enabling cleaner energy investments to benefit our customers and investors. I believe the streamlined organizational structure we are introducing today will help us deliver that value proposition."

Focused Regulatory Services and Government Affairs

With several strategic regulatory and legislative priorities ahead in 2023 and beyond, CenterPoint Energy's Regulatory Services and Government Affairs organization will continue to be a core component in the company's long-term success. Jason Ryan, Executive Vice President, Regulatory Services and Government Affairs will continue to lead this effort. With six rate cases over the next 18 months, Ryan's nearly 25 years of experience and expertise will be critical in leading these business, operational and financial imperatives. He will report to Wells.

Integrated Electric Business and Operations

CenterPoint Energy will combine its Houston Electric and Indiana Electric businesses under a single leadership structure to further leverage best practices across its operations. Lynnae Wilson, formerly Senior Vice President, Houston Electric, has been appointed Senior Vice President, Electric Business. In this role, she will lead all areas of Houston Electric and Indiana Electric, serving more than 2.7 million metered customers in the greater Houston and southwestern Indiana areas, and execution of the company's generation transition plan. Wilson has 20 years of experience in combined electric and natural gas utilities with CenterPoint Energy and its predecessor companies. She will report to Wells.

Within the electric business, CenterPoint Energy announced an appointment and promotion designed to further its focus on future growth, grid modernization and strategic investments. Eric Easton, formerly Vice President, High Voltage and Real-Time Operations, has been named Vice President, Grid Transformation and Investment Strategy. In this newly created role, Easton will lead the electric business in proactively planning for the future, including transformative opportunities, such as distributed generation, electric vehicles and mass electrification, as well as focusing on plans for modernization and resiliency. Rina Harris, formerly Director, Business Development, Southern Region, has been promoted to Vice President, Business Development. Harris will be responsible for business development and the industrial load growth opportunities across the company's electric business footprint. Easton and Harris will report to Wilson.

Integrated Natural Gas Business and Operations

CenterPoint Energy will also integrate all aspects of its natural gas business under a single leadership structure. Darin Carroll, formerly Senior Vice President, Operations Support, has been appointed Senior Vice President, Natural Gas Business. He will lead all areas of the company's natural gas business that serves approximately 4.2 million customers across a six-state footprint. During his 15-year tenure with CenterPoint Energy and its predecessor companies, Carroll has held diverse utility leadership roles in natural gas and electric operations, as well as business process optimization. He will report to Wells.

Unified Customer Experience Functions

To further align the company's customer service and experience function with its long-term success, CenterPoint Energy has promoted Tony Gardner, formerly Vice President, Customer Experience, to Senior Vice President and Chief Customer Officer. In this capacity, he will provide strategic leadership to CenterPoint Energy's customer experience and oversee all customer functions. Gardner has nearly 20 years of experience in customer-focused roles. He will report to Wells.

Enhanced Execution, Efficiency and Governance

To continue the company's strong execution of the fundamentals of its industry-leading strategy, Steve Greenley, formerly Senior Vice President, Generation Development, has been appointed Senior Vice President, Utility Operations Support. In this capacity, Greenley and his enterprise safety and technical training, operations support, energy solutions and business services, analytics, and facilities management teams will support the company's electric and natural gas businesses. Greenley has held various leadership roles in natural gas, electric and customer operations over the course of his more than 20 years at CenterPoint Energy. He will report to Wells.

Within the Utility Operations Support organization, the company announced a promotion to build on its momentum in continuous improvement to drive additional efficiencies and improvements across the enterprise. Kate Porter, formerly Director, Continuous Improvement and Data Analytics, has been promoted to Vice President, Enterprise Operational Excellence. She will report to Greenley. 

To further strengthen the company's governance across its technology-related operations and functions, Kenny Coleman, Senior Vice President and Chief Information Officer, will now report to Wells.

Experienced Corporate Function Leaders

As previously announced, a new CFO will be named following the company's currently ongoing search. The CFO position will report to Lesar. Wells will continue to serve as CFO until his successor has been named. Monica Karuturi, Executive Vice President and General Counsel and Lynne Harkel-Rumford, Executive Vice President and Chief Human Resources Officer will also continue to report to Lesar.

Karuturi will add the leadership of strategic planning, cybersecurity and Energy Systems Group to her current areas of responsibility. Harkel-Rumford will add the leadership of marketing to her responsibilities.

Lesar said, "I believe our entire team is well prepared to deliver on the opportunities for CenterPoint Energy as we continue to execute on our path to premium. These leaders will be instrumental in advancing our strategic priorities, sharing their experience and expertise across the organization, empowering colleagues to develop their careers and achieve their full potential, and strengthening our diverse and inclusive culture."

The company also announced that Scott Doyle, Executive Vice President, Utility Operations and Gregg Knight, Executive Vice President, Customer Transformation and Business Services have left the company as their positions have been eliminated.

"On behalf of everyone at CenterPoint Energy, we would like to extend our sincere thanks to Scott and Gregg for their years of service and valuable contributions within our company, across our industry, and in our communities," said Lesar and Wells. "We wish them all the very best in the future."

Forward-looking Statement

This news release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this news release, the words "anticipate," "believe," "continue," "could," "estimate," "expect," "forecast," "goal," "intend," "may," "objective," "plan," "potential," "predict," "projection," "should," "target," "will" or other similar words are intended to identify forward-looking statements. These forward-looking statements are based upon assumptions of management which are believed to be reasonable at the time made and are subject to significant risks and uncertainties. Actual events and results may differ materially from those expressed or implied by these forward-looking statements. Any statements in this news release regarding future events, such as executive succession planning and timing thereof, CenterPoint Energy's ability to execute on its long-term strategy, expected benefits resulting from the change in leadership structure of CenterPoint Energy, and any other statements that are not historical facts are forward-looking statements. Each forward-looking statement contained in this news release speaks only as of the date of this release. Important factors that could cause actual results to differ materially from those indicated by the provided forward-looking information include risks and uncertainties relating to: (1) the impact of disruption to the global supply chain; (2) financial market conditions; (3) general economic conditions; (4) the timing and impact of future regulatory and legislative decisions; (5) effects of competition; (6) weather variations; (7) changes in business plans; and (8) other factors, risks and uncertainties discussed in CenterPoint Energy's Annual Report on Form 10-K for the fiscal year ended December 31, 2021, CenterPoint Energy's Quarterly Reports on Form 10-Q for the quarters ended March 31, 2022, June 30, 2022 and September 30, 2022 and other reports CenterPoint Energy or its subsidiaries may file from time to time with the Securities and Exchange Commission.

About CenterPoint Energy

As the only investor-owned electric and natural gas utility based in Texas, CenterPoint Energy, Inc. (NYSE: CNP) is an energy delivery company with electric transmission and distribution, power generation and natural gas distribution operations that serve more than 7 million metered customers in Indiana, Louisiana, Minnesota, Mississippi, Ohio, and Texas. As of September 30, 2022, the company owned approximately $35 billion in assets. With approximately 8,900 employees, CenterPoint Energy and its predecessor companies have been in business for more than 150 years. For more information, visit CenterPointEnergy.com.

For more information contact
Media:
Communications
Media.Relations@CenterPointEnergy.com  
Investors:
Jackie Richert/Ben Vallejo
Phone 713.207.6500

SOURCE CenterPoint Energy, Inc.

 Recent News

 

 

CenterPoint Energy has restored power to more than 98% of impacted customers, converges on localized outages in hardest-hit areas

Houston — July 17, 2024 – CenterPoint Energy today announced the crews have restored power to more than 98% of impacted customers, ahead of prior expectations. The company remains on track to restore electricity to all customers who can receive power by Friday, July 19.

“We want to thank first responders and local law enforcement for all of their support and partnership as our crews work around-the-clock to restore power for every last customer in the wake of Hurricane Beryl. More than 98% of impacted customers are now restored and we are directing our crews to get remaining customers who are without power back online as safely and quickly as possible," said Lynnae Wilson, Senior Vice President, Electric Business.

Wilson continued, “We are deeply grateful for the tireless efforts of our mutual assistance crews who dropped everything to help our communities when we needed them most. As we shift our focus from restoration to prevention, we will be calling on these additional vegetation management resources to execute accelerated plans to prune and remove trees and other vegetation to prepare for the rest of hurricane season."

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Supporting our communities

CenterPoint has continued to support the communities it serves throughout this challenging time and beyond. Since Hurricane Beryl made landfall, the CenterPoint Energy Foundation has contributed nearly $1.7 million to disaster relief organizations, including: United Way Relief Fund, Salvation Army, Houston Food Bank, Red Cross Coastal Bend, Red Cross Coastal Plains, and many others. Among other organizations, the CenterPoint Energy Foundation's contributions will support the Greater Houston Disaster Alliance, a joint effort of Greater Houston Community Foundation and United Way of Greater Houston, to help ensure that families with the most urgent need have support as they begin to work toward long-term recovery from Hurricane Beryl.

CenterPoint's electric customers are encouraged to enroll in Power Alert Service® to receive outage details and community-specific restoration updates as they become available. For information and updates, visit CenterPointEnergy.com/StormCenter and follow @CenterPoint for updates during inclement weather events.​​

CenterPoint Energy issues statement and provides restoration update

​​Houston — July 16, 2024 – CenterPoint Energy today announced that its crews have restored power to nearly 96% of impacted customers. The company remains on track to restore electricity to approximately 98% of impacted customers by the end of the day on Wednesday, July 17, and to all customers who can receive power by Friday, July 19. 

In addition, the company issued the following statement in response to Governor Abbott's letter:

We have work underway to address the Governor's requests and are committed to collaborating with the State, local government, regulators, and community leaders to increase the resiliency of the electric grid. This work is integral to ensuring that we are creating and sustaining an environment in Texas where people want to live and build their businesses.

How customers can support their restoration​

As CenterPoint moves into the later stages of the restoration process, customers without power should check their weatherhead, the point where power enters the home through an electric service drop, which is often a pipe located on the side of the residence or building. If the weatherhead is damaged, crews cannot safely restore service to the home until a licensed electrician has made the necessary repairs. Customers who are served by an underground service will not have a weatherhead, but there may still be damage to their equipment that could require servicing.

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Important safety reminders

  • Stay alert – ask to see a company identification badge before allowing a utility worker in your home.
  • Always stay at least 35 feet away from downed power lines and damaged electric utility equipment.
  • Treat all down and damaged equipment as energized and report it to the company at 713-207-2222 or 800-332-7143.
  • CenterPoint is currently experiencing longer than usual hold times across its region. The Customer Service team is only accepting calls for electric and natural gas emergencies at this time.
  • If using a portable generator, place in a well-ventilated area and never run it inside to avoid a dangerous build-up of carbon monoxide.
  • Crews are working to safely restore electric service for you and your family; please be cautious around restoration crews and give them plenty of room to safely assess damage and make repairs.

 
CenterPoint's electric customers are encouraged to enroll in Power Alert Service® to receive outage details and community-specific restoration updates as they become available. For information and updates, visit CenterPointEnergy.com/StormCenter and follow @CenterPoint for updates during inclement weather events.


CenterPoint Energy has now restored over 2 million impacted customers, expects to reach approximately 98% restoration by the end of day Wednesday, July 17

Houston — July 15, 2024 – CenterPoint Energy today announced that it has now restored power to over 2 million customers and expects to reach approximately 98% restoration by the end of the day on Wednesday, July 17.

The company is repositioning crews and equipment to address localized outages and areas with significant structural damage to restore electricity to those customers who still remain without power. The company is providing restoration dates to impacted customers and is working to restore customers sooner than expected.

“We are grateful to our customers for their patience as our crews have worked around-the-clock and in difficult conditions to get the lights and air conditioning back on for over 2 million impacted customers as safely and quickly as possible," said Lynnae Wilson, Senior Vice President, Electric Business. “We know the remaining customers are counting on us and are committed to restoring power to all remaining customers able to receive it. As we close in on the remaining outages, customers should ensure that there isn't damage to their weatherheads and are able to receive power."

In addition to damaging CenterPoint's electric infrastructure, severe weather may have caused damage to customer-owned equipment. Specifically, customers should check their weatherhead, the point where power enters the home through an electric service drop, which is often a pipe located on the side of the residence or building. If the weatherhead is damaged, crews cannot safely restore service to the home until a licensed electrician has made the necessary repairs. Customers who are served by an underground service will not have a weatherhead, but there may still be damage to their equipment that could require servicing.

Important safety reminders

  • Stay alert – ask to see a company identification badge before allowing a utility worker in your home.
  • You can always call CenterPoint and ask if an employee was authorized to visit your home.
  • Always stay at least 35 feet away from downed power lines and damaged electric utility equipment.
  • Treat all down and damaged equipment as energized and report it to the company at 713-207-2222 or 800-332-7143.
  • CenterPoint is currently experiencing longer than usual hold times across its region. The Customer Service team is only accepting calls for electric and natural gas emergencies at this time.
  • If using a portable generator, place in a well-ventilated area and never run it inside to avoid a dangerous build-up of carbon monoxide.
  • Crews are working to safely restore electric service for you and your family; please be cautious around restoration crews and give them plenty of room to safely assess damage and make repairs.

CenterPoint's electric customers are encouraged to enroll in Power Alert Service® to receive outage details and community-specific restoration updates as they become available. For information and updates, visit CenterPointEnergy.com/StormCenter and follow @CenterPoint for updates during inclement weather events.

CenterPoint Energy has restored power to 92% of impacted customers

​Houston — July 15, 2024 – CenterPoint Energy has now restored power to 92% of impacted customers and remains on track to restore electricity to approximately 98% of impacted customers by the end of day on Wednesday, July 17. The company now expects to restore power to all customers who can receive power by Friday, July 19.

“We are grateful to our crews who have restored power to our customers at a stronger pace than we have been able to in any hurricane in our history, despite the difficult conditions," Lynnae Wilson, Senior Vice President, Electric Business. “We continue to work around-the-clock to get our remaining customers back online."

In addition to damaging CenterPoint's electric infrastructure, Hurricane Beryl may have caused damage to customer-owned equipment. Specifically, customers should check their weatherhead, the point where power enters the home through an electric service drop, which is often a pipe located on the side of the residence or building. If the weatherhead is damaged, crews cannot safely restore service to the home until a licensed electrician has made the necessary repairs. Customers who are served by an underground service will not have a weatherhead, but there may still be damage to their equipment that could require servicing.

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Supporting Our Communities

CenterPoint has continued to support the communities it serves throughout this challenging time and beyond. Since Hurricane Beryl made landfall, the CenterPoint Energy Foundation has contributed nearly $1.7 million to disaster relief organizations, including: United Way Relief Fund, Salvation Army, Houston Food Bank, Red Cross Coastal Bend, Red Cross Coastal Plains, and many others. Through the contribution to Salvation Army, specifically, CenterPoint is enabling them to serve 83,000 meals to people in need. The company has also provided more than 90,000 bottles of water to cooling centers and other distribution centers throughout the greater Houston area and is continuing to deliver supplies to meet other immediate needs. CenterPoint has also continued to work hand-in-hand with community partners to position mobile generation at water treatment plants, medical facilities, water facilities, warming and cooling centers and senior living facilities throughout the Greater Houston area.

CenterPoint's electric customers are encouraged to enroll in Power Alert Service® to receive outage details and community-specific restoration updates as they become available. For information and updates, visit CenterPointEnergy.com/StormCenter and follow @CenterPoint for updates during inclement weather events.


CenterPoint Energy now expects to restore 90% of impacted customers by the end of the day Monday

​​​Houston — July 14, 2024 – CenterPoint Energy has now restored electricity to more than 1.8 million customers impacted by Hurricane Beryl. The company is tracking ahead of prior expectations to restore 85% by the end of the weekend and now expects to restore power to 90% of impacted customers by the end of day Monday.

Dedicated restoration crews have continued working night and day through the weekend, resulting in the fastest restoration in the company's history.  CenterPoint crews are converging on areas with significant structural damage as well as localized outages, deploying crews, equipment and mobile generation solutions to restore customers as safely and quickly as possible. At this time, the company has provided restoration dates to substantially all customers and is working to restore customers sooner than expected, wherever possible.

“Our crews are doing extraordinary work in neighborhoods across Greater Houston and have continued to accelerate restoration despite challenging conditions as thunderstorms rolled through Houston late yesterday," said Lynnae Wilson, Senior Vice President, Electric Business. “Looking ahead, we know those customers who are not yet restored are counting on us, and we are committed to working until we get their lights back on."

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Important safety reminders

  • Stay alert – ask to see a company identification badge before allowing a utility worker in your home.
  • Always stay at least 35 feet away from downed power lines and damaged electric utility equipment.
  • Treat all down and damaged equipment as energized and report it to the company at 713-207-2222 or 800-332-7143.
  • CenterPoint is currently experiencing longer than usual hold times across its region. The Customer Service team is only accepting calls for electric and natural gas emergencies at this time.
  • If using a portable generator, place in a well-ventilated area and never run it inside to avoid a dangerous build-up of carbon monoxide.
  • Crews are working to safely restore electric service for you and your family; please be cautious around restoration crews and give them plenty of room to safely assess damage and make repairs.

 
CenterPoint's electric customers are encouraged to enroll in Power Alert Service® to receive outage details and community-specific restoration updates as they become available. For information and updates, visit CenterPointEnergy.com/StormCenter and follow @CenterPoint for updates during inclement weather events.​