Is CenterPoint Energy’s decision to combine CEO and Chair roles a smart move for its $65B plan?

CenterPoint Energy just gave CEO Jason Wells the chairman seat, consolidating power at the top as it embarks on a massive 10-year, $65 billion investment plan to modernize its electric and gas infrastructure.

The company says unified leadership will ensure consistency and focus across management and the board. Still, the dual role raises long-standing corporate governance concerns about checks and oversight — especially with such a large capital commitment on the line.