CENTERPOINT ENERGY INC 8-K

What Happened CenterPoint Energy (CNP) filed an 8-K reporting that Senior Vice President and Chief Accounting Officer Kristie L. Colvin notified the company on February 18, 2026 that she intends to retire from the company on June 1, 2026. Ms. Colvin will step down from the SVP/Chief Accounting Officer role on March 2, 2026 and serve in an advisory capacity through her June 1 retirement. The company announced on February 19, 2026 that Russell K. Wright will be appointed Vice President and Chief Accounting Officer, effective March 2, 2026.

Key Details

• Kristie L. Colvin notified the company of her retirement intent on Feb 18, 2026; final departure from the Company is June 1, 2026; she leaves the CAO role on March 2, 2026 and will act as an advisor through June 1.
• Russell K. Wright, 42, will become VP & Chief Accounting Officer effective March 2, 2026; he has been VP, Financial Planning & Analysis since Aug 2022 and served as Interim Chief Accounting Officer Aug–Oct 2023.
• Mr. Wright is a certified public accountant (CPA) and previously worked at McDermott International (Director of Technical Accounting) and Deloitte & Touche (Audit Senior Manager).
• Compensation terms: base salary $330,000; eligible for the company’s executive pay programs; initial target short-term incentive (STI) = 45% of base salary and target long-term incentive (LTI) = 80% of base salary. Appointment not pursuant to any special agreement; no family or related-party transactions reported.

Why It Matters A planned retirement and an immediate successor with prior interim CAO experience aims to provide continuity in CenterPoint’s accounting leadership, reducing disruption in financial reporting and controls. The filing notes Ms. Colvin’s retirement is not due to any disagreement with the company, which may reassure investors about governance and disclosure integrity. The disclosed compensation and incentive targets for the new CAO give investors a clear view of the financial terms tied to the role.