HII Elects Leo Denault to Board of Directors
HII (NYSE: HII) has appointed Leo Denault, former CEO of Entergy, to its board of directors, effective December 5, 2022. Denault brings over 40 years of experience in the power industry, having held key positions at Entergy and Cinergy. His leadership at Entergy transformed it into a leading utility focusing on clean energy. The addition of Denault is expected to enhance HII's strategic direction, particularly in nuclear and electrical power sectors. HII is recognized for its role in building naval vessels and supporting national security through energy management.
- Leo Denault's extensive experience in the power industry could provide valuable insights and leadership to HII.
- His appointment may strengthen HII's strategic focus on nuclear power and clean energy initiatives.
- Potential concerns about the continuity of strategic direction due to Denault's previous commitments elsewhere.
NEWPORT NEWS, Va., Dec. 09, 2022 (GLOBE NEWSWIRE) -- HII (NYSE: HII) announced today that current executive chairman and former CEO of Entergy Corporation Leo Denault was elected to the company’s board of directors, effective Dec. 5, 2022.
Denault has 40 years of experience in the power industry. He joined Entergy in 1999, serving initially as vice president of corporate development and then five years later as executive vice president and chief financial officer, before becoming CEO in 2013. He also served 18 years at Cinergy Corporation (known today as Duke Energy) in varying positions of responsibility, culminating as vice president of the company.
“We are very pleased to welcome Leo to the board of HII,” said Kirk Donald, chairman of the board of HII. “He is a leader in the nation’s power business and brings significant strategic experiences to the HII team. He has a deep understanding of electrical and nuclear power generation, transmission and distribution as well as the regulatory requirements to protect these national resources. I look forward to having him join our team of directors.”
As CEO of Entergy, Denault led the transformation of the company into a premier utility and one of the nation’s cleanest energy companies. In addition to being one of two companies currently building nuclear-powered naval vessels in the U.S., HII supports the Department of Energy’s national security mission through the management and operation of its sites, and the safe cleanup of legacy sites across the country.
A photo accompanying this release is available at: https://hii.com/news/hii-elects-leo-denault-to-board-of-directors.
Denault currently serves on the boards of directors of Jobs for America’s Graduates, the Edison Electric Institute, the Institute of Nuclear Power Operators, and the World Association of Nuclear Operators Atlanta Centre.
Denault received a Bachelor of Science degree in economics and accounting from Ball State University. He also received a Master of Business Administration in finance from Indiana University.
About HII
HII is a global, all-domain defense partner, building and delivering the world’s most powerful, survivable naval ships and technologies that safeguard our seas, sky, land, space and cyber.
As America’s largest shipbuilder and with a more than 135-year history of advancing U.S. national defense, we are united by our mission in service of the heroes who protect our freedom. HII’s diverse workforce includes skilled tradespeople; artificial intelligence, machine learning (AI/ML) experts; engineers; technologists; scientists; logistics experts; and business professionals. Headquartered in Virginia, HII’s workforce is 43,000 strong. For more information, visit:
- HII on the web: hii.com
- HII on Facebook: facebook.com/TeamHII
- HII on Twitter: twitter.com/WeAreHII
- HII on Instagram: instagram.com/WeAreHII
Contact:
Danny Hernandez
(202) 580-9086
Danny.J.Hernandez@hii-co.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1ce3dd58-c90c-46b7-a597-db9a447c14d6
FAQ
Who is Leo Denault and what is his background?
When did Leo Denault join HII's board of directors?
What impact could Leo Denault's appointment have on HII?
What is HII known for?
