Earl M.
Cummings named Independent Chair of the Board
HOUSTON, Aug. 21,
2023 /PRNewswire/ -- CenterPoint Energy, Inc.
(NYSE: CNP) announced that the company's Board of Directors has
appointed Earl M. Cummings as its
Independent Board Chair. Mr. Cummings has served as an Independent
Director of CenterPoint Energy's Board of Directors since 2020.
During that time, he has also served as the Chair of the
Governance, Environmental and Sustainability Committee, as well as
a member of the Audit and Compensation Committees.
Mr. Cummings succeeds Martin H.
Nesbitt, who served as Independent Board Chair since
July 2021.
The Board of Directors and CenterPoint Energy's leadership team
said, "We would like to express our appreciation to Marty Nesbitt for his outstanding leadership at
a pivotal and transformational time for our company. Marty's
strategic direction and steady guidance, including his deep
commitments to succession planning and talent development, further
strengthened our company's foundation as a pure-play, regulated and
premium utility."
The company added, "Earl's extensive leadership experience,
combined with his background in corporate governance, government
and regulatory affairs, and finance, make him the right leader for
this important role. As a lifelong Houstonian, Earl's reputation as
a respected and innovative leader in our headquarters city is
second-to-none."
Mr. Cummings said, "I feel privileged to take on the role of
Independent Chair of the Board at such an exciting time for our
company. I am confident that we can continue delivering on our
track record of proven performance and sustainable value for
customers, communities, investors and employees as we execute on
our long-term growth strategy. I look forward to working closely
with the Board, CEO Dave Lesar,
President and Chief Operating Officer Jason
Wells, and the entire CenterPoint Energy leadership team to
advance on what we believe is one of the most tangible growth
stories in the industry."
About Earl M.
Cummings
Mr. Cummings is an entrepreneur and has
started and operated several businesses in the technology and real
estate industries. He also currently serves on the Board of
Directors of Halliburton Company.
Mr. Cummings' entrepreneurial and leadership endeavors include
serving as managing partner of MCM Houston Properties, LLC, a real
estate fund that invests in properties in Houston. He also serves as Chief Executive
Officer of The BTS Team, which began as an information
technology and staffing firm providing solutions and services
across several regions and evolved into a company that also
invested financial resources in various industries to create value
for stakeholders. Mr. Cummings previously served as its Chief
Information Officer and Chairman of the Board. He also served as
Chief Executive Officer of BestAssets, Inc., a private company
providing real estate portfolio management and related
services.
He holds a Bachelor of Business Administration in Management
Information Systems from the University of
Houston and a Master of Business Administration from
Pepperdine University. Active across
communities and in nonprofit board service, Mr. Cummings serves on
the Board of Texas Children's Hospital and the University of Houston Energy Advisory Board.
About CenterPoint Energy, Inc.
As the only
investor-owned electric and natural gas utility based in
Texas, CenterPoint Energy, Inc.
(NYSE: CNP) is an energy delivery company with electric
transmission and distribution, power generation and natural gas
distribution operations that serve more than 7 million metered
customers in Indiana, Louisiana, Minnesota, Mississippi, Ohio and Texas. As of June 30,
2023, the company owned approximately $38 billion in assets. With approximately 9,000
employees, CenterPoint Energy and its predecessor companies have
been in business for more than 150 years. For more information,
visit CenterPointEnergy.com.
Forward Looking Statement
This news release includes
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. When used in this news
release, the words "anticipate," "believe," "continue," "could,"
"estimate," "expect," "forecast," "goal," "intend," "may,"
"objective," "plan," "potential," "predict," "projection,"
"should," "target," "will" or other similar words are intended to
identify forward-looking statements. These forward-looking
statements are based upon assumptions of management which are
believed to be reasonable at the time made and are subject to
significant risks and uncertainties. Actual events and results may
differ materially from those expressed or implied by these
forward-looking statements. Any statements in this news release
regarding future events, such as the potential growth, including
the timing and scale of such growth, of CenterPoint Energy,
CenterPoint Energy's long-term capital plan and its ability to
execute on its long-term capital plan, CenterPoint Energy's ability
to execute on its generation transition plan and to implement
cleaner energy, future financial performance of CenterPoint Energy,
and any other statements that are not historical facts are
forward-looking statements. Each forward-looking statement
contained in this news release speaks only as of the date of this
release. Important factors that could cause actual results to
differ materially from those indicated by the provided
forward-looking information include risks and uncertainties
relating to: (1) the impact of pandemics, including the COVID-19
pandemic; (2) financial market conditions; (3) general economic
conditions; (4) the timing and impact of future regulatory and
legislative decisions; (5) effects of competition; (6) weather
variations; (7) changes in business plans; (8) continued
disruptions to the global supply chain and increases in commodity
prices; (9) legislative decisions, including tax and developments
related to the environment such as global climate change, air
emissions, carbon and waste water discharges; (10) CenterPoint
Energy's ability to execute on its initiatives, targets and goals
and operations and maintenance goals and (11) other factors, risks
and uncertainties discussed in CenterPoint Energy's Annual Report
on Form 10-K for the fiscal year ended December 31, 2022 and CenterPoint's Quarterly
Reports on Form 10-Q for the quarters ended March 31, 2023 and June
30, 2023, and other reports CenterPoint Energy or its
subsidiaries may file from time to time with the Securities and
Exchange Commission.
For more information contact
Media:
Communications
Media.Relations@CenterPointEnergy.com
Investors:
Jackie
Richert/Ben Vallejo
Phone 713.207.6500
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SOURCE CenterPoint Energy, Inc.