AEP Announces Executive Leadership Changes

Ticker: AEP · Form: 8-K · Filed: 2024-08-28T00:00:00.000Z

Sentiment: neutral

Topics: executive-change, leadership-transition, management

Related Tickers: AEP

TL;DR

AEP's CEO and CFO are changing hands Sept 1st. New leadership takes the helm.

AI Summary

American Electric Power Co. Inc. (AEP) announced on August 26, 2024, changes in its executive leadership. The company appointed Julie J. Sloat as President and Chief Executive Officer, and David M. Sibley as Executive Vice President and Chief Financial Officer, effective September 1, 2024. These appointments are part of a broader leadership transition aimed at driving the company's strategic initiatives.

Why It Matters

This leadership transition at a major utility company could signal shifts in strategic direction, operational focus, and financial management, impacting investors and customers.

Risk Assessment

Risk Level: medium — Executive leadership changes can introduce uncertainty regarding future strategy and operational execution, potentially affecting company performance.

Key Players & Entities

FAQ

Who has been appointed as the new President and CEO of American Electric Power Co. Inc.?

Julie J. Sloat has been appointed as the new President and Chief Executive Officer.

When do the new executive appointments become effective?

The appointments are effective September 1, 2024.

Who is taking on the role of Executive Vice President and Chief Financial Officer?

David M. Sibley has been appointed as the Executive Vice President and Chief Financial Officer.

What is the filing date of this Current Report on Form 8-K?

The filing date of this report is August 28, 2024, with the earliest event reported on August 26, 2024.

What is the principal executive office address for American Electric Power Co. Inc.?

The principal executive offices are located at 1 Riverside Plaza, Columbus, OH 43215.

Filing Stats: 642 words · 3 min read · ~2 pages · Grade level 11 · Accepted 2024-08-28 13:02:43

Key Financial Figures

Filing Documents

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. On August 28, 2024, the Company issued a press release announcing the election of Peggy I. Simmons to serve as AEP's Executive Vice President - Regulatory and Chief Administrative Officer effective as of September 1, 2024. In connection with her election, Ms. Simmons resigned as AEP's Executive Vice President – Utilities effective as of August 31, 2024. A copy of the Company's related press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference. The information furnished herewith pursuant to Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any filing made by the Company under the Exchange Act or the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits 99.1 Press Release dated August 2 8 , 2024 104 Cover Page Interactive Data File - The cover page iXBRL tags are embedded within the inline XBRL document. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. AMERICAN ELECTRIC POWER COMPANY, INC. By: /s/ David C. House Name: David C. House Title: Assistant Secretary August 28, 2024

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