Barry Smitherman

CenterPoint Energy Announces Landmark Actions: Significant Equity Investment, New Board Directors and New Board Committee

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Thursday, May 7, 2020

With the significant equity investment announced today, CenterPoint Energy has strengthened its financial position and provided additional certainty to stakeholders.

Key Points: 
  • With the significant equity investment announced today, CenterPoint Energy has strengthened its financial position and provided additional certainty to stakeholders.
  • CenterPoint Energy has also bolstered its Board composition with the appointment of two new highly qualified directors, David J. Lesar and Barry T. Smitherman, bringing the total number of directors on the Board to 10.
  • New Business Review and Evaluation Committee of the Board; Investor Day
    In addition to the new director appointments, the Board has formed a new Business Review and Evaluation Committee of the Board (the "Committee").
  • The Committee will be comprised of five members, including current Board directors Martin Nesbitt and Phillip Smith, and new Board directors David Lesar (who will chair the Committee) and Barry Smitherman.