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New Orleans, June 7, 2010 — In his first major reorganization in more than 11 years, Entergy Corp. Chairman and Chief Executive Officer J. Wayne Leonard has named Entergy leaders to new roles effective as early as June 14.
The reorganization will enhance organizational effectiveness and performance by strengthening local regulatory presence in the Northeast and consolidating commercial and risk functions for Entergy’s wholesale commodity business associated with non-utility generation.
Internal restructuring was identified as a critical near-term action following the April 5 announcement of the decision to unwind the business infrastructure associated with the proposed spin-off.
Pursuant to that announcement, Entergy is seeking to preserve options and capture value expected from the proposed separate non-utility nuclear generation and nuclear services companies. At the same time, Entergy is creating a more focused corporate structure, while also providing further development of proven leaders.
* Rod West, currently president and CEO, Entergy New Orleans, Inc., has been promoted to chief administrative officer for Entergy. Reporting to West will be Robert Sloan, Entergy’s executive vice president and general counsel; Terry Seamons, Entergy’s senior vice president, human resources and administration; and Entergy’s executive vice president, external affairs to be named at a later date.
* Richard Smith, currently Entergy’s president and chief operating officer, has been appointed president, Entergy wholesale commodity business. As president of that business unit, Smith will be headquartered in White Plains, N.Y., where other critical regulatory efforts associated with license renewal are also located. More details about this business will be announced in the coming weeks.
* Mark Savoff, Entergy’s executive vice president, operations, has been named chief operating officer and adds responsibility for nuclear operations to his organization.
* Renae Conley, currently president and CEO, Entergy Louisiana, LLC and Entergy Gulf States Louisiana, L.L.C., will be promoted to executive vice president to lead Entergy’s human resources and administration organization during 2011. Seamons will retire at the end of 2011 after Conley’s transition into the position is complete. In the interim, Conley will assist Seamons in human resources assignments and also lead the corporatewide inclusion and diversity initiative. She will report directly to Leonard during a portion of her interim assignment.
* Bill Mohl succeeds Conley as president and chief executive officer, Entergy Louisiana and Entergy Gulf States Louisiana, having most recently served as Entergy’s vice president, system planning and operations, and will report to Gary Taylor, Entergy’s group president, utility operations.
* Charles Rice has been appointed president and chief executive officer, Entergy New Orleans, replacing West and will also report to Taylor. Rice currently serves as director, regulatory affairs, Entergy New Orleans.
* Andrew Marsh, currently Entergy’s vice president, planning and financial communications, will become Entergy’s vice president, system planning and operations, replacing Mohl and will report to Savoff.
