Leo P. Denault, Former Chairman and Chief Executive Officer of Entergy Corporation, to Join PG&E Boards of Directors
PG&E (NYSE: PCG) has announced the appointment of Leo P. Denault to the Boards of Directors of PG&E and Pacific Gas and Electric Company, effective February 19, 2025.
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PG&E (NYSE: PCG) has announced the appointment of Leo P. Denault to the Boards of Directors of PG&E and Pacific Gas and Electric Company, effective February 19, 2025. Denault, who served as Chairman and CEO of Entergy from 2013 to 2022, brings significant utility sector experience, having transformed Entergy into a premier utility with one of the nation's cleanest energy portfolios.
During his tenure at Entergy, Denault focused on system reliability, resilience, and financial stability while streamlining operations and controlling costs. He previously served as Entergy's Executive Vice President and CFO, and held leadership positions at Public Service Company of Indiana. Currently, Denault serves on the board of Huntington Ingalls Industries and is a Senior Advisor to ArcLight, focusing on power and utility infrastructure investments.
Positive
- Appointment of experienced utility sector executive with proven track record in operational efficiency
- Addition of board member with expertise in system reliability and cost control
- Strategic alignment with clean energy portfolio development experience
Negative
- None.
Details
News Market Reaction – PCG
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At Entergy, Denault led the charge to invest in the reliability and resilience of the energy system while maintaining financial stability. Under his leadership, Entergy focused on streamlining its operations and controlling costs.
"With decades of executive leadership experience in the utility sector, Leo will be invaluable in helping PG&E continue to improve its operational, safety and financial performance to better serve our customers," said Kerry Cooper, Chair of the Board of PG&E Corporation.
Before serving as Chairman and Chief Executive Officer, Denault was Entergy's Executive Vice President and Chief Financial Officer as well as Vice President, Corporate Development and Strategic Planning. Denault started his utility industry career with Public Service Company of
"I am honored and excited to serve on PG&E's Boards to support CEO Patti Poppe and her leadership team in their essential work to provide energy to more than 16 million Californians in ways that best meet customers' needs," said Denault.
Denault currently serves on the board of Huntington Ingalls Industries, a large defense contractor with a nuclear services business related to the power industry. He is a Senior Advisor to ArcLight, a leading middle-market infrastructure investor, focused on new investments across the power and utility infrastructure sectors. Denault is also on the private board of Alpha Generation, which manages critical power infrastructure to help meet the growing needs of electrification.
Denault holds an MBA from
About PG&E Corporation
PG&E Corporation (NYSE: PCG) is a holding company headquartered in
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SOURCE PG&E Corporation
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