Dean Seavers
Director at CNP
Board
About Dean L. Seavers
Independent director of CenterPoint Energy since December 31, 2024; age 64. Serves on the Governance and Safety & Operations Committees. Former President of National Grid U.S. and prior senior leadership roles in safety/security businesses; current Senior Advisor at Stifel Financial. Education: B.A., Kent State University; M.B.A., Stanford University .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| National Grid U.S. | President; Executive Director at National Grid plc | 2014–2019 | Led day-to-day operations, safety, and customer programs; contributed board-level governance at parent company |
| Red Hawk Fire & Security | Chief Executive Officer and President | 2012–2014 | Led life safety/security solutions provider |
| United Technologies (Fire & Security) | President, Global Services | 2010–2011 | Oversaw global services in safety/security segment |
| GE Security | President and Chief Executive Officer | 2007–2010 | Led security and life safety solutions business unit |
| Stifel Financial Corp. | Senior Advisor | 2020–Present | Advisory role at full‑service financial firm |
External Roles
| Organization | Type | Role | Tenure |
|---|---|---|---|
| Albemarle Corp. | Public company | Director | 2019–Present |
| Ametek Inc. | Public company | Director | 2022–Present |
| Vine Hill Capital Investment Corp. | Public company | Director | 2024–Present |
| PG&E Corp. | Public company | Director (prior) | 2020–2022 |
| National Grid plc | Public company | Executive Director (prior) | 2015–2020 |
| Asplundh | Private | Director | 2022–Present |
| Sciens Building Solutions | Private | Director | 2021–Present |
Board Governance
- Independence: Board determined Seavers is independent under NYSE standards .
- CNP tenure: 1 year as of March 5, 2025 .
- Committee assignments: Governance; Safety & Operations (not a chair) .
- Committee activity: 2024 meetings — Audit: 8; Human Capital & Compensation: 4; Governance: 11; Safety & Operations: 3 .
- Attendance: In 2024, each incumbent director attended >75% of Board and committee meetings; Seavers was appointed Dec 31, 2024 .
- Executive sessions: Independent directors hold executive sessions in conjunction with each regular Board meeting; Independent Chair presides .
Fixed Compensation
| Component | Amount/Policy | Notes |
|---|---|---|
| Annual cash retainer | $125,000 | Paid quarterly in arrears |
| Committee chair supplemental retainers | Audit: $20,000; HCCC: $20,000; Governance: $15,000; Safety & Operations: $15,000 | Not applicable to Seavers (not a chair) |
| Independent Chair supplemental retainer | $185,000 | Not applicable to Seavers |
| Meeting fees | None | No meeting fees for directors |
| 2024 director compensation (Seavers) | — | Appointed Dec 31, 2024; no 2024 cash or stock reported in table |
| Equity Grant | Grant Date | Cash Value | Shares | Vesting | Plan |
|---|---|---|---|---|---|
| Initial stock grant (one‑time) | Jan 2, 2025 | $56,357 | 1,790 | Immediately fully vested | Stock Plan for Outside Directors |
Performance Compensation
| Item | Disclosure |
|---|---|
| Performance‑based director pay metrics | None disclosed; annual director stock awards are immediately vested and not tied to performance |
| Option awards for directors | None disclosed in director compensation table |
Other Directorships & Interlocks
| Company | Sector Overlap with CNP | Potential Interlock/Conflict Disclosure |
|---|---|---|
| Albemarle; Ametek; Vine Hill; PG&E (prior); National Grid plc (prior) | Not utility T&D operations except PG&E/National Grid (prior) | No related‑party transactions disclosed; Board affirmed independence |
Expertise & Qualifications
- Utility operations and safety expertise from leading National Grid U.S.; relevant to Safety & Operations oversight .
- Public company governance experience via multiple boards (Albemarle, Ametek, PG&E, National Grid); supports Governance Committee work .
- Safety/security industry background (GE Security, UTC Fire & Security, Red Hawk) strengthens risk oversight .
Equity Ownership
| Holder | Shares Beneficially Owned | Percent Owned | Notes |
|---|---|---|---|
| Dean L. Seavers | 1,790 | <1% | As of Feb 28, 2025; reflects initial grant |
| Director stock ownership guideline | 5× annual cash retainer | Compliance within 5 years of joining | Applies to all non‑employee directors; Seavers must reach guideline by Dec 31, 2029 based on his appointment date |
| Hedging/pledging | Prohibited | Anti‑hedging and anti‑pledging policy applies to directors | Insider Trading Policy prohibits pledging and hedging |
Governance Assessment
- Committee fit: Seavers’ operational and safety background aligns with his Safety & Operations and Governance Committee roles, strengthening Board oversight of the Greater Houston Resiliency Initiative and system reliability .
- Independence and conflicts: Board affirmed his independence; Company reports no related‑party transactions in 2024, reducing conflict risk .
- Ownership alignment: Early in tenure with 1,790 shares; subject to a robust 5× retainer ownership guideline within 5 years, which promotes alignment as tenure advances .
- Governance practices: Independent Chair structure; regular executive sessions; strong shareholder support on say‑on‑pay (93.4%) signal overall governance stability and investor confidence .