CenterPoint Energy Management

Management criteria checks 2/4

CenterPoint Energy's CEO is Jason Wells, appointed in Jan 2023, has a tenure of 1.25 years. total yearly compensation is $7.08M, comprised of 13.7% salary and 86.3% bonuses, including company stock and options. directly owns 0.036% of the company’s shares, worth $6.60M. The average tenure of the management team and the board of directors is 1.3 years and 3.2 years respectively.

Key information

Jason Wells

Chief executive officer

US$7.1m

Total compensation

CEO salary percentage	13.7%
CEO tenure	1.3yrs
CEO ownership	0.04%
Management average tenure	1.3yrs
Board average tenure	3.2yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Jason Wells's remuneration changed compared to CenterPoint Energy's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	US$7m	US$969k	US$867m
Sep 30 2023	n/a	n/a	US$797m
Jun 30 2023	n/a	n/a	US$730m
Mar 31 2023	n/a	n/a	US$803m
Dec 31 2022	US$3m	US$667k	US$1b
Sep 30 2022	n/a	n/a	US$911m
Jun 30 2022	n/a	n/a	US$849m
Mar 31 2022	n/a	n/a	US$840m
Dec 31 2021	US$3m	US$665k	US$573m
Sep 30 2021	n/a	n/a	US$635m
Jun 30 2021	n/a	n/a	US$2b
Mar 31 2021	n/a	n/a	US$2b
Dec 31 2020	US$4m	US$170k	US$307m

Compensation vs Market: Jason's total compensation ($USD7.08M) is about average for companies of similar size in the UK market ($USD5.62M).

Compensation vs Earnings: Jason's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

Jason Wells (45 yo)

1.3yrs

Tenure

US$7,081,465

Compensation

Mr. Jason P. Wells serves as the President, CEO & Director of CenterPoint Energy Resources. Mr. Jason serves as the Chief Executive Officer at CenterPoint Energy Houston Electric, LLC. He serves as Executi...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Jason Wells	President	1.3yrs	US$7.08m	0.036% $ 6.6m
Christopher Foster	Executive VP & CFO	less than a year	US$7.82m	0.00079% $ 144.3k
Monica Karuturi	Executive VP & General Counsel	3.8yrs	US$3.65m	0.015% $ 2.7m
Lynne Harkel-Rumford	Executive VP & Chief Human Resources Officer	3.8yrs	US$2.11m	0.012% $ 2.2m
Jason Ryan	Executive Vice President of Regulatory Services & Government Affairs	3.8yrs	US$3.06m	0.016% $ 3.0m
Russell Wright	Vice President	less than a year	no data	0% $ 0
Kenneth Coleman	Senior VP & Chief Information Officer	3.4yrs	no data	no data
Jacqueline Richert	Vice President of Investor Relations & Treasurer	no data	no data	no data
Carol Helliker	Chief Ethics & Compliance Officer	no data	no data	no data
Darin Carroll	Senior Vice President of Natural Gas Business	1.3yrs	no data	0.0021% $ 390.9k
Tony Gardner	Senior VP & Chief Customer Officer	1.3yrs	no data	no data
Steve Greenley	Senior Vice President of Utility Operations Support	1.3yrs	no data	no data

1.3yrs

Average Tenure

44.5yo

Average Age

Experienced Management: 0HVF's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Jason Wells	President	less than a year	US$7.08m	0.036% $ 6.6m
Thaddeus Malik	Independent Director	less than a year	US$144.65k	0.00060% $ 109.6k
Theodore Pound	Independent Director	9yrs	US$290.00k	0.0073% $ 1.3m
Phillip Smith	Independent Chair of the Board	10.1yrs	US$311.95k	0.0097% $ 1.8m
Ricky Raven	Independent Director	less than a year	US$133.05k	0.00060% $ 109.6k
Christopher Franklin	Independent Director	2yrs	US$341.95k	0.0017% $ 308.7k
Martin Nesbitt	Independent Director	6yrs	US$457.07k	0.0057% $ 1.0m
Barry Smitherman	Independent Director	3.9yrs	US$303.58k	0.0033% $ 608.2k
Earl Cummings	Independent Director	3.8yrs	US$285.00k	0.0040% $ 721.5k
Wendolynn Cloonan	Independent Director	3.2yrs	US$298.50k	0.0027% $ 491.3k
Raquelle Lewis	Independent Director	2.6yrs	US$271.90k	0.0023% $ 412.8k

3.2yrs

Average Tenure

58yo

Average Age

Experienced Board: 0HVF's board of directors are considered experienced (3.2 years average tenure).

CenterPoint Energy Management

Management criteria checks 2/4

Key information

Recent management updates

CenterPoint Energy, Inc., Annual General Meeting, Apr 26, 2024

Centerpoint Energy, Inc. Announces Board Appointments

CenterPoint Energy, Inc. Announces Chief Executive Officer Changes

CenterPoint Energy, Inc. Announces Board Changes

High number of new directors

CenterPoint Energy, Inc. Announces Board Appointments

Recent updates

CenterPoint Energy, Inc. Declares Regular Quarterly Cash Dividend, Payable on June 13, 2024

Now 21% overvalued after recent price rise

Now 21% overvalued after recent price rise

Now 20% overvalued

CenterPoint Energy, Inc., Annual General Meeting, Apr 26, 2024

Full year 2023 earnings released: EPS: US$1.37 (vs US$1.60 in FY 2022)

Upcoming dividend of US$0.20 per share at 2.9% yield

CenterPoint Energy, Inc. has filed a Follow-on Equity Offering in the amount of $500 million.

Centerpoint Energy, Inc. Announces Board Appointments

CenterPoint Energy, Inc. Declares Regular Quarterly Cash Dividend, Payable on March 14, 2024

Upcoming dividend of US$0.20 per share at 2.9% yield

CenterPoint Energy, Inc. Announces Chief Executive Officer Changes

CenterPoint Energy, Inc. Announces Board Changes

Third quarter 2023 earnings released: EPS: US$0.41 (vs US$0.30 in 3Q 2022)

High number of new directors

CenterPoint Energy, Inc. Announces Board Appointments

CenterPoint Energy, Inc. Declares Regular Quarterly Cash Dividend , Payable on December 14, 2023

CenterPoint Energy, Inc. Appoints Earl M. Cummings as Its Independent Board Chair

CenterPoint Energy, Inc. Names Bertha Villatoro as Senior Vice President of Human Resources

CenterPoint Energy, Inc. Announces Executive Changes, effective August 11, 2023

CenterPoint Energy, Inc. Declares Quarterly Regular Common Stock Dividend, Payable on September 14, 2023

ESG Holdings Group, LLC completed the acquisition of Energy Systems Group, LLC from CenterPoint Energy, Inc. (NYSE:CNP).

CenterPoint Energy, Inc. Plans to Retire A.B. Brown Coal Units 1 and 2 in October 2023

Independent Director recently sold US$84k worth of stock

First quarter 2023 earnings released: EPS: US$0.50 (vs US$0.82 in 1Q 2022)

Full year 2022 earnings released: EPS: US$1.68 (vs US$0.97 in FY 2021)

Upcoming dividend of US$0.19 per share at 2.6% yield

CenterPoint Energy, Inc. Announces Organizational Changes

CenterPoint Energy, Inc. Declares Regular Common Stock Dividend, Payable on March 9, 2023

High number of new directors

Upcoming dividend of US$0.18 per share

Third quarter 2022 earnings released: EPS: US$0.30 (vs US$0.21 in 3Q 2021)

CenterPoint Energy, Inc. Announces Promotion of Jason P. Wells from Executive Vice President and Chief Financial Officer to the Role of President and Chief Operating Officer, Effective from January 1, 2023

CenterPoint Energy, Inc. Declares Regular Quarterly Cash Dividend, Payable on December 8, 2022

CenterPoint Energy, Inc. Announces Management Changes

Upcoming dividend of US$0.18 per share

Second quarter 2022 earnings released: EPS: US$0.28 (vs US$0.38 in 2Q 2021)

CenterPoint Energy Declares Common Stock Quarterly Dividend, Payable on September 8, 2022

Upcoming dividend of US$0.17 per share

Independent Director recently sold US$511k worth of stock

First quarter 2022 earnings released: EPS: US$0.82 (vs US$0.60 in 1Q 2021)

High number of new directors

CenterPoint Energy, Inc. Declares Regular Common Stock Dividend, Payable on June 9, 2022

Independent Director recently sold US$57k worth of stock

Independent Director recently sold US$57k worth of stock

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

CenterPoint Energy, Inc. Appoints Scott E. Doyle as Executive Vice President, Utility Operations

Upcoming dividend of US$0.17 per share

Summit Utilities, Inc. completed the acquisition of Arkansas and Oklahoma gas distribution assets of CenterPoint Energy, Inc.

Energy Transfer LP (NYSE:ET) completed the acquisition of Enable Midstream Partners, LP (NYSE:ENBL) from OGE Energy Corp. (NYSE:OGE), CenterPoint Energy, Inc. (NYSE:CNP) and others.

Independent Director recently sold US$448k worth of stock

Upcoming dividend of US$0.17 per share

Third quarter 2021 earnings released: EPS US$0.21 (vs US$0.14 in 3Q 2020)

Upcoming dividend of US$0.16 per share

Second quarter 2021 earnings released: EPS US$0.38 (vs US$0.17 in 2Q 2020)

High number of new directors

Executive VP & CFO recently bought US$241k worth of stock

Upcoming dividend of US$0.16 per share

CenterPoint Energy, Inc. Reaffirms Earnings Guidance for the Year 2021

First quarter 2021 earnings released: EPS US$0.60 (vs US$2.15 loss in 1Q 2020)

Summit Utilities, Inc. signed a definitive agreement to acquire the Arkansas and Oklahoma gas distribution assets of CenterPoint Energy, Inc. for $2.2 billion.

Independent Director has left the company

Independent Director has left the company

Independent Director recently bought US$992k worth of stock

Full year 2020 earnings released: US$1.44 loss per share (vs US$1.34 profit in FY 2019)

Revenue misses expectations

CenterPoint Energy, Inc. Provides Earnings Guidance for the Fiscal Year 2021

Houston Man Files Lawsuit Against ERCOT and CenterPoint Energy, Inc

CenterPoint Energy, Inc. Appoints Wendy Montoya Cloonan to the Board of Directors