Dean Seavers Joins CenterPoint Energy Board to Enhance Utility Operations

CenterPoint Energy Welcomes Dean Seavers to Its Board

CenterPoint Energy, Inc. recently announced the addition of Dean Seavers to its Board of Directors, effective December 31, 2024. A distinguished figure in the utility industry, Seavers has a robust background, having previously served as the President of National Grid U.S. and as Executive Director of National Grid's parent company. His vast experience is expected to significantly contribute to the Board's objectives and enhance the company’s operations.

Seavers' appointment fills an existing vacancy on the Board and aligns with CenterPoint Energy’s strategy of bringing in leaders with a wealth of expertise in electricity and gas utility management. With a strong belief in delivering value to customers and shareholders, the company anticipates Seavers’ involvement will aid in fulfilling its long-term growth aspirations.

Philip R. Smith, the Independent Chair of the Board, expressed enthusiasm over Seavers’ appointment, citing his extensive leadership history and impressive track record in driving growth as key factors for his selection. Smith stated, “Dean's extensive leadership experience in the utility, safety, and security industries makes him a great fit for our Board of Directors.”

In addition to his role at National Grid, Seavers has also made his mark in the security domain. He founded Red Hawk Fire Security, where he served as Chief Executive Officer and President, focusing on life safety and security solutions. Prior to that, he held the position of President of Global Services at United Technologies Corporation's Fire & Security business and successfully led GE Security's sale to UTC. His contributions across these roles underscore his capability to understand and enhance operational efficiency and security in utility services.

Seavers, who also serves on the boards of Albemarle Corp., Ametek Inc., and Vine Hill Capital Investment Corp, holds a Bachelor’s degree from Kent State University and an M.B.A. from Stanford University. His diverse experiences across companies and sectors position him well to contribute to CenterPoint’s mission.

Upon his selection, Seavers expressed his gratitude and eagerness to start working with the Board. He stated, “I'm honored to be joining the CenterPoint Board. I look forward to collaborating with my fellow directors on enhancing safety and operational performance and contributing to the company's governance.”

CenterPoint Energy, the only investor-owned electric and gas utility in Texas, caters to more than 7 million customers across various states, including Indiana, Louisiana, Minnesota, and Ohio. With approximately $43 billion in assets and a workforce of 9,000 employees, the company is positioned as a key player in the energy delivery sector. Seavers’ new role is anticipated to strengthen CenterPoint’s resolve in maintaining reliability and fostering growth across its operations.

As the company gears up for its annual shareholder meeting in 2025, Seavers is expected to stand for election as a director, paving the way for his influential leadership during a pivotal time in the energy landscape.

In conclusion, Dean Seavers' extensive background in the utility sector brings fresh perspectives and expertise to CenterPoint Energy. His leadership is expected to bolster the company's ongoing initiatives aimed at enhancing customer value, operational performance, and governance. As the energy sector evolves, Seavers' contributions will be crucial in navigating the strategic pathways for the company’s future growth and resilience.