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CenterPoint Energy Inc (CNP.N)

CNP.N on New York Stock Exchange

18.46USD
3 Jun 2020
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Summary

Name Age Since Current Position

Milton Carroll

69 2013 Executive Chairman of the Board

John Somerhalder

64 2020 Interim President, Chief Executive Officer

Xia Liu

50 2019 Chief Financial Officer, Executive Vice President

Sue Ortenstone

63 2014 Chief Human Resource Officer, Senior Vice President

Scott Doyle

58 2018 Executive Vice President - Natural Gas Distribution

Jason Ryan

45 2019 Senior Vice President, General Counsel

Kenneth Mercado

57 2020 Senior Vice President, Electric Operations

Joseph Vortherms

59 2017 Senior Vice President, Competitive Energy Businesses

David Lesar

65 2020 Director

Barry Smitherman

2020 Director

Leslie Biddle

53 2018 Independent Director

Scott McLean

63 2013 Independent Director

Martin Nesbitt

57 2018 Independent Director

Theodore Pound

65 2015 Independent Director

Susan Rheney

60 2008 Independent Director

Phillip Smith

68 2014 Independent Director

Peter Wareing

67 2005 Independent Director

Carla Kneipp

2014 Vice President and Treasurer

Biographies

Name Description

Milton Carroll

Mr. Milton Carroll is a Executive Chairman of the Board of the Company. He has been a director since 1992. He has served as Executive Chairman since June 2013 and previously served as Chairman from September 2002 until May 2013. Mr. Carroll has served as a director of Halliburton Company since 2006 and Western Gas Holdings, LLC, the general partner of Western Gas Partners, LP, since 2008. He has served as a director of Health Care Service Corporation since 1998 and as its chairman since 2002. He previously served as a director of LyondellBasell Industries N.V. from July 2010 to July 2016 as well as LRE GP, LLC, the general partner of LRR Energy, L.P., from November 2011 to January 2014. The Board determined that Mr. Carroll should be nominated for election as a director due to his extensive knowledge of the Company and its operations gained in 25 years of service as a director of the Company, its predecessors and affiliates. The Board values Mr. Carroll’s knowledge of the oil and natural gas industry, board leadership skills and corporate governance expertise.

John Somerhalder

Mr. John W. Somerhalder II serves as Interim President, Chief Executive Officer of the Company. He served as Interim President and Chief Executive Officer of Colonial Pipeline Company, a privately held company that operates a refined liquid petroleum products pipeline system, from February 2017 to October 2017. Prior to joining Colonial Pipeline Company, Mr. Somerhalder served as President, Chief Executive Officer and as a director of AGL Resources Inc., a former publicly traded energy services holding company, whose principal business is the distribution of natural gas, from March 2006 through December 2015 and as Chairman of the Board of AGL Resources Inc. from November 2007 through December 2015. Prior to joining AGL Resources Inc., he served in a number of roles with El Paso Corporation, a publicly traded natural gas and related energy products provider, and its subsidiaries since 1977, including as Executive Vice President. Mr. Somerhalder currently serves as Chairman of the board of directors of Enable GP, LLC, the general partner of Enable Midstream Partners, LP. He served as a director of Crestwood Equity GP LLC, the general partner of Crestwood Equity Partners LP, from 2013 to February 2020 and as a director of SunCoke Energy Partners GP LLC, the general partner of SunCoke Energy Partners, L.P. from 2017 to July 2019. He also serves as a director or trustee on the boards of numerous non-profit organizations.

Xia Liu

Ms. Xia Liu serves as Chief Financial Officer, Executive Vice President of the Company. She has served as Executive Vice President, Chief Financial Officer and Treasurer of Georgia Power Company, a subsidiary of The Southern Company and a vertically integrated utility providing electric service to 2.5 million retail customers within the State of Georgia and to wholesale customers in the Southeast, from October 2017 to April 2019. She previously served as Vice President, Chief Financial Officer and Treasurer of Gulf Power Company, formerly a subsidiary of The Southern Company and an electric utility serving retail customers in the northwestern portion of Florida, from July 2015 to October 2017. She also served in various finance, regulatory and operations roles of increasing responsibility at the Southern Company beginning in 1998, including Senior Vice President, Finance and Treasurer from 2014 to 2015 and Vice President, Finance and Assistant Treasurer from 2010 to 2014. Ms. Liu holds a bachelor’s and master’s degree in finance from Renmin University of China and a master’s degree in business administration from Emory University. She is a Chartered Financial Analyst (CFA).

Sue Ortenstone

Ms. Sue B. Ortenstone is a Senior Vice President and Chief Human Resources Officer of the company. Prior to joining CenterPoint Energy, Ms. Ortenstone was Senior Vice President and Chief Administrative Officer at Copano Energy from July 2012 to May 2013. Before joining Copano, she spent more than 30 years at El Paso Corporation and served most recently as Senior Vice President and then Executive Vice President and Chief Administrative Officer from November 2003 to May 2012. Ms. Ortenstone serves on the Industrial Advisory Board in the College of Engineering at the University of Wisconsin, and until October 2017, she served on the Advisory Board for Civil, Environmental and Geologic Engineering as well. Ms. Ortenstone also serves on the Board of Trustees for Northwest Assistance Ministries of Houston.

Scott Doyle

Mr. Scott Doyle serves as Executive Vice President - Natural Gas Distribution of the Company. With more than 20 years of utility experience, he previously served as Senior Vice President, Regulatory and Public Affairs from February 2014 to March 2017; as Division Vice President, Rates and Regulatory from April 2012 to February 2014; and as Division Vice President, Regional Operations from March 2010 to April 2012. Mr. Doyle currently serves on the boards of Goodwill Industries of Houston and the Southern Gas Association. He previously served on the boards of the Texas Gas Association and the Association of Electric Companies of Texas.

Jason Ryan

Mr. Jason M. Ryan is Senior Vice President, General Counsel of the Company. Ryan earned a bachelor's degree in Business Administration with honors from theUniversity of Texas at Austin. He received his law degree with honors from theUniversity of TexasSchool of Law. Ryan served as an Information Dominance Warfare Officer inthe United StatesNavy from 2005 to 2015. He was appointed byTexasGovernor Perry to the Texas Diabetes Council in 2013 for a six-year term ending in 2019. Jason currently serves on the boards of the Houston Bar Foundation and the Texas Gulf Coast Chapter of the Leukemia & Lymphoma Society. He is also a board member of the Association of Electric Companies ofTexas.

Kenneth Mercado

Mr. Kenneth Mercado serves as Senior Vice President, Electric Operations of the Company. He previously served as Chief Integration Officer from May 2018 to February 2020; as Senior Vice President, Electric Operations from February 2014 to May 2018; and as Division Senior Vice President, Grid and Market Operations from January 2012 to February 2014 in addition to other key positions at CenterPoint Energy focusing on Electric Operations technology and logistics. Mr. Mercado serves on the boards of the Southeastern Electric Exchange, Research Advisory Counsel at the Electric Power Research Institute, Advisory Board at Texas A&M Smart Grid Coalition, the Engineering Leadership Board at the University of Houston and the Center for Houston’s Future.

Joseph Vortherms

Mr. Joseph J. Vortherms serves as Senior Vice President, Competitive Energy Businesses of the Company. He previously served as Vice President, Energy Services from November 2015 to March 2017; as Vice President, Regional Operations in Minnesota from October 2014 to November 2015; as Division Vice President, Regional Operations from April 2012 to October 2014; and as Director, Home Service Plus from January 2007 to April 2012. Mr. Vortherms currently serves on the Southern Gas Association Executive Council as well as the American Gas Association Scenario Planning Council. He previously served on the boards of the Minnesota Region American Red Cross and the Minnesota Business Partnership.

David Lesar

Mr. David J. Lesar CPA serves as Director of the Company. He was named the interim CEO of Health Care Service Corporation in July 2019, having joined the company’s board of directors in 2018, and will step down as HCSC’s interim CEO on June 1, 2020. HCSC is the largest privately-held health insurer in the U.S. He was the Chairman of the Board and CEO of Halliburton from 2000 to 2017 and Executive Chairman of the Board from June 2017 until December 2018. At the company, he also served as CFO from 1995 through May 1997 and President and Chief Operating Officer from May 1997 through August 2010. Mr. Lesar joined Halliburton in 1993. He has also served on the board of directors of several companies, most recently Agrium, Inc. as well as Lyondell Chemical Co., Southern Co., Cordant Technologies, and Mirant. Trained as a Certified Public Accountant, Mr. Lesar spent 16 years at Arthur Andersen where he began in 1978. He received both his B.S. and MBA from the University of Wisconsin.

Barry Smitherman

Mr. Barry Smitherman serves as Director of the Company. He is the principal of Barry Smitherman, P.C. and a former partner in the energy regulatory group at Vinson & Elkins LLP. He served as Texas Railroad Commissioner from 2011 through 2014, and was Chairman of the Commission from March 2012 through August 2014. Prior to joining the TX RRC, Mr. Smitherman was Chairman of the Public Utility Commission of Texas, a position he held from November 2007 through July 2011. His service as a PUCT Commissioner began in April 2004. Over this time period, he served two terms on the U.S. Department of Energy Electricity Advisory Committee, on the Board of Directors of the National Association of Regulatory Utility Commissioners (NARUC), Chairman of the NARUC Gas Committee, on the Electric Reliability Council of Texas (ERCOT) Board of Directors, and on the Regional State Committee of the Southwest Power Pool (SPP). Prior to beginning public service, Mr. Smitherman spent 16 years as a public finance investment banker with J.P. Morgan Securities, The First Boston Corporation, Lazard, and Banc One Capital Markets.

Leslie Biddle

Ms. Leslie Biddle serves as Independent Director of the Company. Ms. Biddle has served as a Partner and the President of Serengeti Asset Management since 2013 where she heads its risk committee and its energy research efforts. Before joining Serengeti, Ms. Biddle spent nearly ten years at Goldman Sachs, where she was most recently Global Head of Commodity Sales and the Chief Financial Officer of its investments in the metals and mining sector. Ms. Biddle was responsible for many of the structured transactions in the private equity and power spaces, including the Texas Genco acquisition and the TXU leveraged buyout, and was also a member of Goldman Sachs’ Finance Committee, Business Practices Committee, Firmwide New Activity Committee, Structured Investment Products Committee and European Audit and Compliance Committee. Prior to joining Goldman Sachs, Ms. Biddle served as a Vice President at the AES Corporation focusing on project finance and power plant development. Ms. Biddle has served on the Board of Directors of Empire State Realty Trust, Inc. since March 2017. She also serves as the Vice Chair of the Board of Trustees of Colby College.

Scott McLean

Mr. Scott J. McLean is an Independent Director of the company. He has been a director since December 2013. Since March 2014, Mr. McLean has been Chairman of Amegy Bank of Texas and President of Zions Bancorporation, and since June 2015, has been Chief Operating Officer of Zions Bancorporation. Previously, he served as Chief Executive Officer of Amegy Bank from December 2009 through February 2014. Prior to joining Amegy in 2002, he was with JPMorgan Chase for 23 years, where he served in a number of roles, including president in Dallas, chairman in El Paso and president in Houston. He currently serves on the Southern Methodist University Board of Trustees and on the boards of the United Way of Greater Houston and the Memorial Hermann Healthcare System. The Board determined that Mr. McLean should be nominated for election as a director due to his extensive financial, banking and executive management experience. The Board also benefits from his experience in leadership roles with numerous business, civic and charitable organizations.

Martin Nesbitt

Mr. Martin H. Nesbitt serves as Independent Director of the Company. Since 2013, Mr. Nesbitt has served as Co-Chief Executive Officer of The Vistria Group, LLC, a Chicago-based investment firm focused on the education, healthcare and financial services industries. Prior to co-founding Vistria, Mr. Nesbitt served as Chief Executive Officer of PRG Parking Management (known as The Parking Spot), an owner and operator of off-airport parking facilities, from 1996 to 2012. Prior to The Parking Spot, Mr. Nesbitt also served as officer of the Pritzker Realty Group, L.P. and as Vice President and Investment Manager at LaSalle Partners, with a variety of responsibilities including investment management for regional retail properties. Mr. Nesbitt has served on the Boards of Directors of Jones Lang LaSalle since 2011 and American Airlines Group, Inc. since 2015. He is a Trustee of Chicago’s Museum of Contemporary Art and serves as Chairman of the Barack Obama Foundation. He previously served as a director of Norfolk Southern Corporation from 2013 to May 2019.

Theodore Pound

Mr. Theodore F. Pound, III, is an Independent Director of the company. Mr. Pound is a private investor and attorney. He served as Vice President, General Counsel and Corporate Secretary of Select Energy Services, LLC, a private company providing water solutions and well-site services to energy producers, from January 2013 to January 2016. He previously served as Vice President, General Counsel and Secretary of Allis-Chalmers Energy, Inc., a publicly traded oilfield services company, from September 2004 to March 2011, when it was acquired by Seawall Limited. Mr. Pound has practiced law in Texas for nearly 40 years, primarily in the areas of mergers and acquisitions, corporate finance, securities, compliance and governance.

Susan Rheney

Ms. Susan O. Rheney is an Independent Director of the company. Ms. Rheney is a private investor. She served as a director of QEP Midstream Partners GP, LLC, the general partner of QEP Midstream Partners, LP, a former publicly traded limited partnership which owned, operated, acquired and developed midstream energy assets consisting primarily of interests in gathering systems and pipelines to provide natural gas and crude oil gathering and transportation services, from June 2013 until July 2015, when QEP Midstream Partners, LP was acquired. From 2002 until March 2010, she served as a director of Genesis Energy, Inc., the general partner of Genesis Energy, LP, a publicly traded limited partnership. From 2003 to 2005, she was a director of Cenveo, Inc. and served as chairman of the board from January to August 2005. She also served until 2001 as a principal with The Sterling Group, a private financial and investment organization. Ms. Rheney is a National Association of Corporate Directors (NACD) Fellow. The Board determined that Ms. Rheney should be nominated for election as a director due to her extensive financial management and accounting expertise and experience as a director of midstream oil and gas companies. The Board benefits from her experience implementing strategic and operational initiatives at a variety of firms.

Phillip Smith

Mr. Phillip R. Smith serves as Independent Director of the Company. Since December 2019, Mr. Smith has been President and Chief Executive Officer of Marathon-Sparta Holdings, Inc., a private company involved in non-healthcare related employee benefits programs and affiliated through common ownership with Torch Energy Advisors, Inc., a private energy company with interests in oil, gas and renewable energy, where he served as President and Chief Executive Officer from January 2013 through December 2019. Prior to joining Torch, Mr. Smith was a partner with KPMG LLP from 2002 to 2012. Mr. Smith also served on the Board of Directors and as audit committee chair for Oilstone Energy Services, Inc., a position he held from October 2014 to June 2016.

Peter Wareing

Mr. Peter S. Wareing is an Independent Director of the company. Mr. Wareing is a co-founder and partner of the private equity firm Wareing, Athon & Company since 1988 and is involved in a variety of businesses. Mr. Wareing is Chairman of the Boards of Gulf Coast Pre-Stress, Ltd., Texas Concrete Company and Tesco LLC. He also currently serves as a trustee of Texas Children’s Hospital in Houston. The Board determined that Mr. Wareing should be nominated for election as a director due to his extensive expertise in financial, business and corporate strategy development matters. The Board also values his civic leadership and involvement in the Houston business community.

Carla Kneipp

Ms. Carla Kneipp was Vice President and Treasurer of CenterPoint Energy, Inc. Before joining CenterPoint Energy in 2007 as vice president of Internal Audit, Kneipp was vice president of Internal Audit and Control for BMC Software, Inc. where she managed the global internal audit functions and Sarbanes Oxley compliance program. She was also a tax and audit consultant for Coopers & Lybrand, LLP and Price Waterhouse LLP. Kneipp earned a bachelor’s degree in Managerial Studies from Rice University as well as a master’s degree in Accounting from Rice University’s Jesse H. Jones Graduate School of Business. She is a Certified Public Accountant and Certified Internal Auditor. She is also a graduate of the University of Idaho’s Utility Executive Course and is a member of their advisory council. Kneipp serves on a number of boards including the Boys and Girls Club of Greater Houston, United Way Women’s Initiative Steering Committee and Dress for Success Houston Corporate Guild. She also volunteers with RAVA (Rice Alumni Volunteers for Admission).