Houston utility appoints new CFO

Centerpoint Energy has appointed Xia Liu as its new CFO. She replaces Bill Rogers who announced his intention to retire on November 27, 2018.

Centerpoint has a market cap of $15 billion.  In February it completed its $6 billion takeover of Vectren, a utility company with 1 million retail customers in Indiana and Ohio. In total it now serves 7 million customers in 8 states (Arkansas, Louisiana, Minnesota, Mississippi, Oklahoma and Texas being the others).

Ms Liu joins from Georgia Power Company where she was the CFO and Treasurer. Georgia Power is a subsidiary of Southern Co that serves 2.5 million retail customers. Ms Liu had spent 20 years in various roles at Southern Co. She has a master’s degree in finance from Renmin University in Beijing, China. She also has a master’s degree in business administration from Emory University in Atlanta, Georgia.



Ms Liu has also served on numerous boards of directors of non-profit organizations, including the Atlanta Symphony Orchestra, the Pensacola Symphony Orchestra, Florida TaxWatch and Gulf Coast Health Systems.

Ms Liu will receive a base salary of $550,000 and a sign-on bonus of $100,000. She also receives 25,000 restricted stock units (current stock price $30) that vest over 2 years.

Mr Rogers had a base salary of $595,000 and received a lump-sum payment of $360,000 in connection with his retirement. He had been the CFO for 4 years and had been with the company since 2001.

http://www.prnewswire.com/news-releases/centerpoint-energy-appoints-xia-liu-executive-vice-president-and-chief-financial-officer-300834934.html

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