NEW ORLEANS, Feb. 1, 2016 /PRNewswire/ -- Entergy Corporation (NYSE: ETR) announced today that David Borde, director of Entergy's utility finance business partners, has been selected as the company's vice president of investor relations effective March 2016. Borde replaces Paula Waters, who will move into the position of vice president, utility sales and development services, in the utility business. Waters will report to Theo Bunting, group president, utility operations.
Borde will serve as the primary interface with Wall Street analysts and investors, responsible for preparing financial disclosures, presentations and press releases to assist investors in their assessments of Entergy's future prospects. In addition, Borde will provide counsel to executive management and the board on analysts' perspectives of Entergy relative to its peers. Borde will report to Drew Marsh, executive vice president and chief financial officer.
"David's financial background has given him a unique opportunity to experience business finance from a variety of perspectives," said Marsh. "David understands the broader financial picture as well as the nuances that can affect the investment landscape. I am confident investors will find him a valuable resource in building a stronger understanding between us and our owners and the broader financial community."
In her new role, Waters will oversee the utility's top-line strategies, including sales forecasting and economic development and sales growth strategy and services in support of the five utility operating companies.
"Paula has been instrumental in helping us strengthen our relationships with the analyst community by working with investors to better understand our financial decisions," said Bunting. "Her expertise will be extremely valuable as we identify opportunities to enhance sales and services to benefit our customers."
Since beginning his career with Entergy in 2009, Borde has held leadership positions in corporate development and in the finance organization. Prior to joining Entergy, Borde was an associate with the law firm of Simpson Thacher & Bartlett in New York and an investment banker at Citi, also in New York. Borde received a business degree from the Pantheon-Sorbonne University and obtained his law degree from Duke University.
Waters, who received her master's degree in business administration from Tulane University and a bachelor's degree from Missouri State University, has been with the company since 1994. She also holds the Chartered Financial Analyst designation and has worked in various professional and management positions across Entergy's financial and business development groups.
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, including nearly 10,000 megawatts of nuclear power, making it one of the nation's leading nuclear generators. Entergy delivers electricity to 2.8 million utility customers in Arkansas, Louisiana, Mississippi and Texas. Entergy has annual revenues of more than $12 billion and approximately 13,000 employees.
SOURCE Entergy Corporation