Entergy CEO Wayne Leonard to Retire, CFO Denault Will Replace

Entergy Corp. (ETR), owner of the second- largest group of U.S. nuclear reactors, said Chairman and Chief Executive Officer Wayne Leonard will retire on Jan. 31 and be replaced by Chief Financial Officer Leo Denault.

Leonard, 61, was the longest-serving CEO in Entergy’s history, taking the role in January 1999, the New Orleans-based company said in a statement today.

During Leonard’s tenure, the utility owner survived Hurricane Katrina, added nuclear power plants in the Northeast and Midwest and abandoned a multibillion-dollar merger plan with NextEra Energy Inc. (NEE), then known as FPL Group Inc.

Denault, 52, has been with the company since 1999 and been CFO since 2004. He’ll be replaced in that position by Andrew Marsh, currently vice president of system planning for the company.

Exelon Corp. (EXC) owns the largest number of U.S. reactors.

To contact the reporter on this story: Tina Davis in New York at tinadavis@bloomberg.net

To contact the editor responsible for this story: Tina Davis at tinadavis@bloomberg.net

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