American Electric Power Announces Organizational Changes
American Electric Power (NYSE: AEP) has announced organizational changes as part of a continuing corporate-wide repositioning effort, according to Nicholas K. Akins, AEP president and chief executive officer.
"We are redefining our organization to better address the business challenges we face today and potential opportunities in the future," Akins said.
Charles E. Zebula, currently treasurer and senior vice president – Investor Relations, will become executive vice president – Energy Supply, a new position reporting to Robert P. Powers, executive vice president and chief operating officer. Julie Sloat, currently vice president – Regulatory Case Management, will become treasurer and senior vice president. Sloat will report to Brian X. Tierney, executive vice president and chief financial officer.
Zebula will be responsible for separating AEP Ohio's generation from the company's regulated fleet by Jan. 1, 2014, as required under Ohio's move to enhance electric market deregulation.
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.