Scott M. Prochazka served as the CEO of CenterPoint Energy from August 1, 2016, until February 19, 2020. His time at the company was marked by strong financial performance, and in 2018, he earned a notable total compensation of nearly...
Scott M. Prochazka served as the CEO of CenterPoint Energy from August 1, 2016, until February 19, 2020. His time at the company was marked by strong financial performance, and in 2018, he earned a notable total compensation of nearly $8.9 million, primarily through stock vesting and salary. Interestingly, he received a large lump-sum payment of over $7.3 million upon his departure, which included two years of salary and incentives. Prochazka’s career in the energy sector showcases his ability to navigate a challenging industry and drive results. Notably, his insider trading activity peaked around September 2019, with significant sales of stock valued at approximately $12.79 million, indicating a strategic move during a time of financial strength for the company. Prochazka's leadership came to an end not due to controversy but as a part of a planned transition, reflecting a focus on future growth and new leadership dynamics.