Entergy Corporation Adds Brian Ellis to Board of Directors

Rhea-AI Summary

Entergy Corporation (NYSE: ETR) appointed Brian Ellis as a director, effective October 30, 2020. Ellis, with nearly 30 years of legal and corporate governance experience, aims to enhance Entergy's strategic direction. His background includes serving as senior vice president and general counsel at Danaher Corporation. With this appointment, Entergy's board expands to 11 members, signaling a commitment to sustainable value creation. The company operates power plants with about 30,000 megawatts capacity and has annual revenues of $11 billion.

Positive

• Brian Ellis brings nearly 30 years of legal and corporate governance experience.
• His role as general counsel at Danaher enhances Entergy's strategic capabilities.
• The board expansion to 11 directors may improve decision-making and leadership.

Negative

• None.

NEW ORLEANS, Nov. 2, 2020 /PRNewswire/ -- Entergy Corporation (NYSE: ETR) today announced the appointment of Brian Ellis to its board of directors, effective Oct. 30, 2020. Ellis brings a strong business acumen coupled with nearly 30 years of legal, corporate governance and business leadership experience that will serve Entergy well as it continues to create sustainable value for its stakeholders.

"I'm pleased to have Brian Ellis join our board of directors," said Leo Denault, Entergy chairman and CEO. "Brian's experience setting and executing business and legal strategies for innovation-oriented companies makes him a valuable addition to the board. His contributions and insights as a business advisor will be instrumental in helping us build the premier utility."

This change will expand the size of Entergy's board to 11 directors.

Ellis, 54, is senior vice president and general counsel at Danaher Corporation, a global science and technology innovation company. In this role, Ellis leads all legal and compliance matters for the $17.9 billion company, including issues related to corporate governance, quality assurance and regulatory affairs, sustainability, intellectual property and risk management, as well as the company's environment, health and safety group.

Prior to Danaher, Ellis held the position of vice president and counsel at Medtronic, Inc., where he was the general counsel to the restorative therapies group. In previous roles, he served as chief compliance officer, and later general counsel, of monitoring solutions and services at GE Healthcare. Early in his career, Ellis was a litigation partner in private law firms and served as an Assistant United States Attorney for the Northern District of Illinois.

Brian Ellis holds a law degree from the University of Illinois and a bachelor's degree from Lake Forest College. He lives in Bethesda, Maryland.

About Entergy Corporation

Entergy Corporation (NYSE: ETR) is an integrated energy company engaged primarily in electric power production and retail distribution operations. Entergy owns and operates power plants with approximately 30,000 megawatts of electric generating capacity, including 8,000 megawatts of nuclear power. Entergy delivers electricity to 2.9 million utility customers in Arkansas, Louisiana, Mississippi and Texas. Entergy has annual revenues of $11 billion and approximately 13,600 employees.

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SOURCE Entergy Corporation

FAQ

Who is the new board member for Entergy Corporation and what is his background?

Brian Ellis has been appointed to Entergy's board and brings nearly 30 years of experience in legal and corporate governance, previously serving as senior vice president and general counsel at Danaher Corporation.

When did Entergy appoint Brian Ellis to its board of directors?

Brian Ellis was appointed to Entergy's board of directors effective October 30, 2020.

What is the significance of Brian Ellis's appointment to Entergy's board?

Ellis's extensive experience in business and legal strategies is expected to enhance Entergy's governance and support its mission of creating sustainable value for stakeholders.

How many directors are currently on Entergy's board after Brian Ellis's appointment?

With Brian Ellis's appointment, Entergy's board has expanded to 11 directors.