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CenterPoint Energy (CNP) appoints Russell Wright as new Chief Accounting Officer

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

CenterPoint Energy, Inc. reported that Kristie L. Colvin, Senior Vice President and Chief Accounting Officer, plans to retire from the company on June 1, 2026. She will step down from her officer role on March 2, 2026 and then serve in an advisory capacity to support the transition.

The company’s board appointed Russell K. Wright as Vice President and Chief Accounting Officer of CenterPoint Energy and its subsidiaries, effective March 2, 2026. Wright currently serves as Vice President, Financial Planning and Analysis and is a CPA with prior roles in accounting leadership and public accounting.

In his new role, Wright will receive a base salary of $330,000 per year, with target incentive opportunities under the company’s short- and long-term incentive plans set at 45% and 80% of base salary, respectively. The company states Colvin’s retirement decision is not due to any disagreement on operations, policies, controls, or financial reporting.

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549


FORM 8-K


CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): February 18, 2026

Registrant, State or Other Jurisdiction
 of Incorporation or Organization
Commission file numberAddress of Principal Executive Offices, Zip Code
 and Telephone Number
I.R.S. Employer Identification No.
  
1-31447CenterPoint Energy, Inc.74-0694415
(a Texas corporation)
1111 Louisiana
HoustonTexas77002
(713)207-1111
1-3187CenterPoint Energy Houston Electric, LLC22-3865106
(a Texas limited liability company)
1111 Louisiana
HoustonTexas77002
(713)207-1111
1-13265CenterPoint Energy Resources Corp.76-0511406
(a Delaware corporation)
1111 Louisiana
HoustonTexas77002
(713)207-1111

    Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

        Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
        Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
        Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
        Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))



Securities registered pursuant to Section 12(b) of the Act:
RegistrantTitle of each classTrading Symbol(s)Name of each exchange on which registered
CenterPoint Energy, Inc.Common Stock, $0.01 par valueCNPThe New York Stock Exchange
NYSE Texas
CenterPoint Energy Houston Electric, LLC6.95% General Mortgage Bonds due 2033n/aThe New York Stock Exchange
CenterPoint Energy Resources Corp. 6.625% Senior Notes due 2037n/aThe New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2).

Emerging Growth Company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o




Item 5.02.    Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On February 18, 2026, Kristie L. Colvin notified CenterPoint Energy, Inc. (the “Company”) of her intent to retire from the Company on June 1, 2026. She will retire from her position as Senior Vice President and Chief Accounting Officer of the Company and its affiliated subsidiaries on March 2, 2026, and will transition to an advisory role to support the transition to her successor until her retirement from the Company. Ms. Colvin’s decision to retire is not the result of any disagreement with the Company on any matter relating to the Company’s operations, policies and practices, including any matters concerning the Company’s controls or any financial or accounting-related matters or disclosures.

In connection with Ms. Colvin’s retirement, on February 19, 2026, the Company appointed Russell K. Wright to the position of Vice President and Chief Accounting Officer of the Company and its affiliated subsidiaries, effective March 2, 2026. Mr. Wright, 42, has served as Vice President, Financial Planning and Analysis of the Company since August 2022. Mr. Wright previously served as Interim Chief Accounting Officer of the Company from August 2023 to October 2023, Vice President, Financial Services and Special Projects of the Company from January 2022 to August 2022 and Director of Financial Services of the Company from January 2019 to January 2022. Prior to joining the Company, Mr. Wright was Director of Technical Accounting for McDermott International Inc., a global provider of engineering and construction solutions to the energy industry, from September 2016 to January 2019 and Audit Senior Manager at Deloitte & Touche, LLP, which provides audit and assurance, tax, consulting, and risk and financial advisory services, from September 2013 to September 2016. Mr. Wright is a certified public accountant (CPA).

In connection with his appointment, Mr. Wright will receive a base salary of $330,000 per year and will be eligible to participate in the Company’s compensation and benefits plans and programs for similarly situated executives, including the Company’s change in control plan and incentive plans. The incentive plans include the Company’s Short-Term Incentive Plan (“STI”) and the Long-Term Incentive Plan (“LTI”). His initial target STI award level will be 45% of base salary and his target LTI award level will be 80% of base salary.

The appointment of Mr. Wright was not pursuant to any agreement between Mr. Wright and any other person. There is no family relationship between Mr. Wright and any director or executive officer of the Company, and there are no transactions between Mr. Wright and the Company that are required to be reported under Item 404(a) of Regulation S-K.



SIGNATURE

    Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

CENTERPOINT ENERGY, INC.
Date: February 23, 2026By:/s/ Monica Karuturi
Monica Karuturi
Executive Vice President and General Counsel


SIGNATURE

    Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

CENTERPOINT ENERGY HOUSTON ELECTRIC, LLC
Date: February 23, 2026By:/s/ Monica Karuturi
Monica Karuturi
Executive Vice President and General Counsel

SIGNATURE

    Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

CENTERPOINT ENERGY RESOURCES CORP.
Date: February 23, 2026By:/s/ Monica Karuturi
Monica Karuturi
Executive Vice President and General Counsel


FAQ

What leadership change did CenterPoint Energy (CNP) disclose in this 8-K?

CenterPoint Energy announced that Senior Vice President and Chief Accounting Officer Kristie L. Colvin will retire, stepping down from her officer role on March 2, 2026. She will remain in an advisory role until June 1, 2026 to support an orderly transition.

Who is replacing the retiring Chief Accounting Officer at CenterPoint Energy (CNP)?

CenterPoint Energy appointed Russell K. Wright as Vice President and Chief Accounting Officer, effective March 2, 2026. Wright has been Vice President, Financial Planning and Analysis since August 2022 and previously served as Interim Chief Accounting Officer and in other senior finance roles at the company.

What compensation will Russell K. Wright receive in his new role at CenterPoint Energy (CNP)?

In his new role, Russell K. Wright will receive a base salary of $330,000 per year. He will also be eligible for incentive plans, with a target short-term incentive at 45% of base salary and a target long-term incentive at 80% of base salary.

Did CenterPoint Energy (CNP) indicate any disagreements behind Kristie L. Colvin’s retirement?

The company stated that Kristie L. Colvin’s decision to retire is not due to any disagreement with CenterPoint Energy. This includes no disagreements regarding operations, policies, practices, internal controls, or any financial or accounting-related matters or disclosures.

What is Russell K. Wright’s professional background before becoming Chief Accounting Officer at CNP?

Before this appointment, Wright held several finance leadership roles at CenterPoint Energy and previously worked as Director of Technical Accounting at McDermott International Inc. He also served as an Audit Senior Manager at Deloitte & Touche, LLP and is a certified public accountant.

Will Russell K. Wright participate in CenterPoint Energy’s change in control and incentive plans?

Yes. The filing states that Russell K. Wright will be eligible to participate in CenterPoint Energy’s compensation and benefit programs for similarly situated executives, including the company’s change in control plan, Short-Term Incentive Plan, and Long-Term Incentive Plan, subject to their standard terms.

Filing Exhibits & Attachments

4 documents
Centerpoint Energy Inc

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