CenterPoint Energy Announces Leadership Succession

CenterPoint Energy, Inc. (NYSE: CNP) today announced a leadership transition that helps position the company to continue driving sustainable value for customers, communities, investors and employees. The Board has unanimously appointed Jason P. Wells, CenterPoint Energy President and Chief Operating Officer, to become President and Chief Executive Officer and a member of the Board of Directors, effective January 5, 2024. David J. Lesar will retire from his role as CEO and a member of the Board at that time. Mr. Lesar will continue to work closely with Mr. Wells to support a seamless transition.

“On behalf of the Board of Directors, I thank Dave for his outstanding leadership and commitment to CenterPoint Energy, and for his relentless pursuit of unlocking the strength and potential of our company to firmly position us among the premium-valued utilities in our industry,” said Earl M. Cummings, Chair of the Board. “Today’s announcement reflects the Board’s longstanding and robust leadership succession planning and stakeholder engagement process. We look forward to continuing to benefit from Dave’s experience and expertise through the transition period. Jason shares the same unwavering commitment to the pursuit of excellence that Dave has fostered and has played a pivotal role in establishing and executing on CenterPoint Energy’s utility-focused strategy and charting the company’s growth trajectory. The Board is confident that Jason is the right leader to continue to advance the company’s strategy and drive stakeholder value.”

Mr. Wells said, “It is an exciting time in CenterPoint Energy’s long history. Together, we have worked to advance our vision as a pure-play, regulated and premium utility. We are successfully executing our industry-leading capital investment plan with a focus on safety, reliability, resiliency, growth and enabling cleaner energy investments to benefit our community and all our stakeholders. Dave’s outstanding leadership has been instrumental in transforming the company into one of the most tangible growth stories in the industry. As we enter this next chapter, I look forward to working with Dave over the next few months to ensure a seamless transition for all of our stakeholders and I thank him for his partnership. I am honored to lead the exceptional and dedicated team at CenterPoint Energy that puts customers and communities at the forefront of all we do. I look forward to continuing to engage with our stakeholders and sharing my vision for our great company’s future in the coming months.”