Entergy Corporation Names Dr. Stewart C. Myers to Its Board of Directors

NEW ORLEANS, Sept. 9  /PRNewswire-FirstCall/ -- Entergy Corporation (NYSE: ETR) today announced the election of Dr. Stewart C. Myers, a renowned expert in the field of finance, to its board of directors.

"We are thrilled to have not only a person of Stewart Myers's ability, experience and reputation, but actually THE Stewart Myers himself join our board," said J. Wayne Leonard, Entergy's chairman and chief executive officer. "As we face a period of growing investment for cleaner energy and more efficient usage, combined with more complicated financial alternatives and structures, Dr. Myers expertise and experience will be invaluable in providing guidance and oversight.  He makes an already outstanding board even better; particularly in an area that is very difficult for boards to attract the kind of deep subject matter understanding and knowledge of a person in such demand as Dr. Myers."

Stewart C. Myers is the Robert C, Merton (1970) Professor of Financial Economics at the MIT Sloan School of Management. His research has concentrated on the theory and practice of corporate finance, including the role of information and incentives in corporate financing and methods for evaluating corporate investments.  Recent research projects include the valuation of investments in R&D, risk management, the allocation of capital in diversified firms, and the theory of corporate governance.  Myers is the co-author of the classic graduate level textbook, Principles of Corporate Finance, which is now in its 9th edition.  He has published widely cited  research papers on valuation methods and corporate financing decisions.

Myers is also a noted and highly respected consultant and expert witness on wide ranging matters involving financial theory and practice.  He has appeared as an expert witness in major cases and regulatory proceedings, testifying on the cost of capital, the analysis of profitability and value, intellectual property, determination of damages and tax issues. His work has spanned a wide range of industries.

Myers received his Ph.D. and MBA from Stanford University and A.B. from Williams College.  He is past president of the American Finance Association and a Research Associate of the National Bureau of Economic Research. He is also a Principal of The BrattleGroup, Inc.

Entergy Corporation is an integrated energy company engaged primarily in electric power production and retail distribution operations. Entergy owns and operates power plants with approximately 30,000 megawatts of electric generating capacity, and it is the second-largest nuclear generator in the United States. Entergy delivers electricity to 2.7 million utility customers in Arkansas, Louisiana, Mississippi and Texas. Entergy has annual revenues of more than $13 billion and approximately 14,700 employees. 

DATASOURCE: Entergy Corporation



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