Entergy Texas, Inc.: David C. Borde named CEO and chairman

What happened Entergy Texas, Inc. announced that effective Oct 5, 2026, David C. Borde, age 53, has been appointed as a director, Chairman of the Board, President and Chief Executive Officer of the Company. Mr. Borde succeeded Eliecer Viamontes, who advised the Company on Oct 2, 2026, of his intent to resign from those positions as of the effective date.

Mr. Borde currently serves as Vice President, Utility Strategy and Regulatory Initiatives of Entergy Services, LLC, a role he has held since Mar 2021. The filing states that, as the Company’s Chairman of the Board, President and Chief Executive Officer, Mr. Borde will be paid an annual base salary of $450,000 and will be eligible for an annual cash bonus targeted at 55% of his base salary and for equity awards under the 2019 Entergy Corporation Omnibus Incentive Plan or any successor plan.

Key details

• Appointment effective: Oct 5, 2026.
• Resignation notice from prior CEO Eliecer Viamontes: Oct 2, 2026.
• Base salary for Mr. Borde: $450,000 per year.
• Bonus eligibility: annual cash bonus targeted at 55% of base salary; eligible for performance units, restricted stock and stock options.

Why it may matter The filing reports Item 5.02 (Departure of directors or certain officers; election of directors; appointment of certain officers; compensatory arrangements of certain officers), which covers the officer and director change and the related compensation terms disclosed in the filing. The filing does not show why the insider traded or why the company acted.