After a 40-year career in the energy industry, Entergy’s chief executive Leo Denault plans to retire in the new year, the company announced Tuesday in a press release.
Andrew Marsh, currently Entergy’s CFO and executive vice president, will replace Denault after he leaves in 2023, according to a statement. As part of the New Orleans-based company’s “orderly and planned leadership succession process,” Marsh will take over as CEO for Denault effective Nov. 1.
The outgoing Denault will remain chairman until his retirement “to support a smooth and organized transition that builds on the company’s momentum in areas of customer solutions, renewable energy generation, infrastructure resilience and operational excellence,” Entergy said.
Entergy’s executive board appointed Denault, 62, to his current position in 2013. Prior to that, he was the company’s executive vice president and CFO. Denault started at Entergy in 1999. He has an M.B.A. from Indiana University and a bachelor’s degree from Ball State University.
Marsh, 50, has been at Entergy since 1998, where he has worked in a number of positions, including as vice president of planning and financial communications. He has a master’s degree from Northwestern University and a bachelor’s degree from the University of Notre Dame.
Entergy in recent months has sold off several of its nuclear power plants for decommissioning. Most recently, the company in June finalized its sale of Michigan’s Palisades Nuclear Power Plant to Holtec International. The Camden, N.J., nuclear services company is also decommissioning two more of Entergy’s former nuclear facilities — Indian Point Energy Center in New York and Pilgrim Nuclear Power Station in Massachusetts.
Entergy has four operating nuclear plants: Arkansas Nuclear One, the Grand Gulf plant in Mississippi and Louisiana’s Waterford and River Bend plants.
