Entergy Texas taps
Borde for next CEO
Entergy Texas on Monday named David Borde as the new president and CEO of the utility.
Borde is succeeding Eliecer Viamontes, who left to pursue other opportunities, according to a Monday news release.
“Eli has been a tremendous leader and a great colleague, and his many years of experience will serve him well in this next chapter,” said Drew Marsh, chair and chief executive officer of Entergy Corp., in the news release.
Entergy Corp. serves more than 3 million customers and oversees operations in Arkansas, Louisiana, Mississippi and Texas.
Borde joined Entergy in 2009, where he served as director of corporate development based in Texas. He later served at Entergy’s vice president of investor relations and in other leadership roles, which include serving within the company’s utility finance business partner organization.
Borde served as vice president, utility strategy and regulatory initiatives.
“David has extensive experience in utility strategy, regulatory affairs and utility finance, along with his deep understanding of our business and customers,” Marsh said.
Shares of Entergy Corp. fell 9 cents, or less than 1%, to close Monday at $100.82. The shares have traded between $118.45 and $90.87 in the past 52 weeks.
— Sydney Sasser
Sports retailer plans
Siloam Springs store
Siloam Springs will be the home of the state’s newest Academy Sports + Outdoors store with the operation expected to open in November.
The 64,000-square-foot store will be at 3299 U.S. 412 East. This is the 11th Academy Sports + Outdoors store in Arkansas. The company already operates locations in Fayetteville and Rogers.
The store is expected to employ about 60 workers. Those interested in employment there can find more information at careers.academy.com.
The company said in a Monday news release that an opening date for the store will be released at a later date.
Founded in Texas in 1938 as a family company, the sporting goods and outdoor gear retailer operates 300 stores in 21 states, according to the company.
— John Magsam
State index up 19.68
to close at 1,140.28
The Arkansas Index, a price-weighted index that tracks the largest public companies based in the state, closed Monday at 1,140.28, up 19.68 points.
Shares of America’s Car-Mart fell 6.4%. J.B. Hunt Transport Services shares fell 1.9%.
“Tech stocks rallied on Monday as the Nasdaq jumped 1% higher and the S&P 500 rose to striking distance of a record high despite higher interest rates and an unknown outcome related to oil price pressures,” said Chris Harkins, managing director at Raymond James & Associates.
The index was developed by Bloomberg News and the Democrat-Gazette with a base value of 100 as of Dec. 30, 1997.