AEP Appoints Trevor Mihalik as New CFO to Lead Financial Strategy
On January 7, 2025, American Electric Power (AEP), a leading electric utility company, announced the appointment of Trevor I. Mihalik as Executive Vice President and Chief Financial Officer, effective January 20. Mihalik steps into this role following Chuck Zebula, who will move into a senior advisory position before his retirement in March. Mihalik’s expansive career, primarily in the energy sector, spans over 34 years and includes numerous leadership roles that highlight his expertise in finance, enterprise risk management, and business operations.
Before joining AEP, Mihalik served as the group president at Sempra, overseeing the operational and financial aspects of its subsidiaries, including San Diego Gas and Electric and Southern California Gas Company. His impressive résumé features various high-level positions within Sempra's finance division, including CFO and controller. Mihalik's successful tenure in the energy industry has prepared him to lead AEP through the complexities of the rapidly changing landscape of energy demand and regulatory requirements.
In his new position, Mihalik will handle several critical areas, such as accounting, tax, treasury, risk management, corporate planning, and budget formulation, as well as overseeing investor relations and supply chain operations. Bill Fehrman, AEP's President and CEO, expressed confidence in Mihalik's capabilities to enhance AEP's operating performance and support its ambitious multibillion-dollar capital investment strategy aimed at improving service and energy delivery to customers and stakeholders.
Fehrman praised Mihalik’s diverse background, highlighting his energetic leadership style and the strategic focus he brings to AEP's senior leadership team. The CEO emphasized the importance of Mihalik’s immediate contribution towards achieving the company’s operational goals, especially as AEP navigates the challenge of meeting increasing energy demands.
Reflecting on his appointment, Mihalik noted, "AEP is a leader in the utility space and has robust long-term growth potential. I am grateful for the opportunity to join such a dynamic team and am committed to creating value for all our stakeholders." His focus aims to continue the momentum established by his predecessor, Chuck Zebula, who has dedicated over 25 years of service to AEP.
Chuck Zebula has been credited with significant contributions throughout his lengthy career, providing invaluable leadership at various levels within the company. His departure marks the end of an era; however, he is committed to ensuring a smooth transition of responsibilities over the upcoming months.
Mihalik holds a bachelor's degree in Accounting from Creighton University and a Master of Business Administration from Rice University, alongside being a certified public accountant in Texas. His career began with PricewaterhouseCoopers, where he gained foundational experience and industry insight.
American Electric Power, headquartered in Columbus, Ohio, is a prominent player in the energy sector, employing nearly 16,000 individuals. As part of its commitment to meet future energy requirements, AEP is undertaking an investment of $54 billion from 2025 through 2029 aimed at upgrading services and enhancing infrastructure for its customers. The company operates approximately 40,000 miles of electric transmission lines and serves around 5.6 million customers across eleven states, showcasing its expansive capacity as one of the nation’s largest electricity producers.
As Mihalik steps into his new role, the focus will be on strategic growth initiatives that align with AEP’s dedication to efficiency and sustainability in the evolving energy marketplace. The future looks bright as AEP continues to innovate and improve its service offerings under his financial guidance.
Before joining AEP, Mihalik served as the group president at Sempra, overseeing the operational and financial aspects of its subsidiaries, including San Diego Gas and Electric and Southern California Gas Company. His impressive résumé features various high-level positions within Sempra's finance division, including CFO and controller. Mihalik's successful tenure in the energy industry has prepared him to lead AEP through the complexities of the rapidly changing landscape of energy demand and regulatory requirements.
In his new position, Mihalik will handle several critical areas, such as accounting, tax, treasury, risk management, corporate planning, and budget formulation, as well as overseeing investor relations and supply chain operations. Bill Fehrman, AEP's President and CEO, expressed confidence in Mihalik's capabilities to enhance AEP's operating performance and support its ambitious multibillion-dollar capital investment strategy aimed at improving service and energy delivery to customers and stakeholders.
Fehrman praised Mihalik’s diverse background, highlighting his energetic leadership style and the strategic focus he brings to AEP's senior leadership team. The CEO emphasized the importance of Mihalik’s immediate contribution towards achieving the company’s operational goals, especially as AEP navigates the challenge of meeting increasing energy demands.
Reflecting on his appointment, Mihalik noted, "AEP is a leader in the utility space and has robust long-term growth potential. I am grateful for the opportunity to join such a dynamic team and am committed to creating value for all our stakeholders." His focus aims to continue the momentum established by his predecessor, Chuck Zebula, who has dedicated over 25 years of service to AEP.
Chuck Zebula has been credited with significant contributions throughout his lengthy career, providing invaluable leadership at various levels within the company. His departure marks the end of an era; however, he is committed to ensuring a smooth transition of responsibilities over the upcoming months.
Mihalik holds a bachelor's degree in Accounting from Creighton University and a Master of Business Administration from Rice University, alongside being a certified public accountant in Texas. His career began with PricewaterhouseCoopers, where he gained foundational experience and industry insight.
American Electric Power, headquartered in Columbus, Ohio, is a prominent player in the energy sector, employing nearly 16,000 individuals. As part of its commitment to meet future energy requirements, AEP is undertaking an investment of $54 billion from 2025 through 2029 aimed at upgrading services and enhancing infrastructure for its customers. The company operates approximately 40,000 miles of electric transmission lines and serves around 5.6 million customers across eleven states, showcasing its expansive capacity as one of the nation’s largest electricity producers.
As Mihalik steps into his new role, the focus will be on strategic growth initiatives that align with AEP’s dedication to efficiency and sustainability in the evolving energy marketplace. The future looks bright as AEP continues to innovate and improve its service offerings under his financial guidance.
Topics Energy）
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