HOUSTON, Oct. 3, 2023
/PRNewswire/ -- CenterPoint Energy, Inc. (NYSE: CNP) today
announced the appointments of Thaddeus J.
Malik, Principal at S2T Solutions, LLC, and Ricky A. Raven, Senior Vice President and Deputy
General Counsel at Allstate Insurance Company, to its Board of
Directors, effective Sept. 28. With
the appointments of Malik and Raven, CenterPoint Energy's Board is
now composed of 11 directors, 10 of whom are independent.
"The decision to expand our Board of Directors with the
additions of Thad and Ricky reflects our ongoing commitment to
anchor the Board with directors who have outstanding corporate
governance backgrounds," said Earl M.
Cummings, Independent Chair of the Board. "At the same time,
we are broadening the Board's industry experience and expertise to
advance the company's long-term growth strategy and objectives as a
pure-play, regulated utility."
Cummings added, "Each of the new directors brings impressive and
diverse experience in public companies, regulatory affairs and risk
management, as well as a proven track record of driving operational
and strategic excellence. We look forward to their contributions as
we collectively focus on delivering value for all our
stakeholders."
Malik said, "CenterPoint Energy serves an immensely important
role in supporting communities by delivering electricity and
natural gas to millions of customers across six states, and I am
honored to join the Board. I am excited to leverage my knowledge of
regulated industries and corporate governance to contribute to
CenterPoint Energy's continued success."
Raven said, "Strong customer and stakeholder relationships are
the cornerstones of the company's success, and I look forward to
sharing my experience to support the team as we guide CenterPoint
Energy into the future. As a CenterPoint Energy customer, I have
long admired the critically important work and services the company
provides to its customers and communities."
Consistent with the Board's commitment to pursuing an
appropriate mix of skills, diversity and expertise, the Board has
also retained a leading director search firm to identify an
additional independent director candidate with significant
financial or audit experience.
About Thaddeus J.
Malik
Malik has extensive experience advising
Fortune 500 companies and extensive knowledge of regulated
industries, including aerospace and defense, insurance, gaming
(land-based and online) and telecommunications. As Principal
at S2T Solutions, he supports external and internal deal teams on
transactional matters, including acquisitions and dispositions.
Prior to forming S2T Solutions, he was a Partner at Paul Hastings,
LLP where he established their Corporate Department in Chicago.
Malik currently serves on the Board of Directors of Health Care
Service Corporation and as President and board member of The First
Tee of Greater Chicago and as a
board member for the Illinois PGA Foundation and The TimeLine
Company.
He holds a Bachelor of Arts in Political Science from
Northwestern University and a Juris
Doctor from Harvard Law School.
About Ricky A.
Raven
Raven is Senior Vice President and Deputy
General Counsel of the Allstate Insurance Company. He serves on the
boards of the National Judicial College Board of Directors and
International Academy of Trial Lawyers Board of Directors. He is
currently a member of the University of
Houston Board of Regents and former Commissioner for the
City of Houston Civil Service Commission.
Raven previously was a Partner at ReedSmith LLP, where he was a
member of the Global Commercial Disputes Group and a leader of the
firm's Mass and Toxic Torts team.
He holds a Bachelor of Science in Political Science and Biology
from the University of Houston and a
Juris Doctor from the University of
Houston Law Center.
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, future
financial performance of CenterPoint Energy, composition of
the Board of Directors and representation of skills and expertise
on the Board of Directors, 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