#USA #Columbus #Board of Directors #AEP #Joseph Sauvage

Joseph G. Sauvage Appointed to AEP Board

In a significant move for American Electric Power (AEP), the company has welcomed Joseph G. Sauvage to its Board of Directors. Armed with vast experience from Citigroup, where he notably served as the vice chairman and the chairman of Global Power, Utilities, and Renewables, Sauvage's addition is expected to strengthen the Board's strategic direction.

Sauvage's experience spans over 16 years in the power and utilities sector. Before his tenure at Citigroup, he held various leadership positions at Lehman Brothers, showcasing his deep understanding of the financial intricacies in the energy landscape. At AEP, his insights into capital markets and the evolving energy sector will be indispensable as the company strives to adapt to a shifting industry landscape.

Sara Martinez Tucker, the Chairman of the AEP Board, emphasized the importance of diverse expertise in guiding the company's long-term strategy. "Joe's deep understanding of the opportunities facing our industry, as well as his insight into complex capital raises and market dynamics, will bring a valuable perspective to the Board," said Tucker.

Bill Fehrman, AEP's President and CEO, echoed this sentiment, highlighting the current challenges and opportunities. "Joe's strategic and financial expertise will be helpful as we invest in a reliable, modern energy system to serve our customers and support once-in-a-generation load growth," he stated. AEP is set on enhancing its systems as part of a $54 billion investment plan aimed at bolstering energy delivery amidst increasing demand.

In a statement regarding changes within the Board, it was noted that Donna James chose not to stand for re-election for personal reasons. Her contributions were acknowledged by Tucker, who thanked her for her leadership and expressed appreciation for her service.

AEP's Commitment to Reliable Energy

American Electric Power, headquartered in Columbus, Ohio, is one of the nation’s largest providers of electricity. With nearly 16,000 employees, AEP operates approximately 40,000 miles of electric transmission lines and serves 5.6 million customers across 11 states. Its commitment to enhancing customer service is underscored by ongoing investments designed to meet the increasing energy demands of communities.

AEP's strategy is not just about providing power; the company is also heavily focused on sustainability and operational excellence, aiming to create value for stakeholders. The inclusion of experts like Sauvage helps AEP balance its growth objectives with the need to maintain high standards of safety and efficiency.

With industry veterans joining the ranks, AEP is well-positioned to navigate the future of energy supply and management. The company’s vision is clear: to provide reliable, affordable power while supporting economic development through community engagement and innovative energy solutions.

In an ever-evolving sector, AEP stands at the forefront of change, and with leaders like Joseph G. Sauvage, the company is ready to tackle its ambitious goals head-on. As the energy landscape shifts, the insights and guidance from seasoned professionals will be crucial for AEP's continued success.