American Electric Power Company, Inc.
AEP Appoints New CFO and Announces Transition of Current CFO to Senior Advisor
Summary
American Electric Power Company, Inc. announced on January 7, 2025, the appointment of Trevor I. Mihalik as Executive Vice President and Chief Financial Officer, effective January 20, 2025. Mihalik succeeds Charles E. Zebula, who will transition to the role of Senior Advisor to the Chief Executive Officer before retiring in March 2025. Mihalik brings over 34 years of experience in the energy industry, most recently serving as Group President of Sempra. Zebula will continue to receive his salary and long-term incentive compensation until his retirement.
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About American Electric Power Company, Inc.
American Electric Power Company, Inc. is a leading electric utility company in the United States, primarily engaged in the generation, transmission, and distribution of electricity. With its headquarters in Columbus, Ohio, the company serves over five million customers across 11 states, making it one of the largest electric utilities by customer base. American Electric Power owns a significant amount of the United States' generation capacity, comprising a diversified energy portfolio that includes coal, natural gas, renewables, and nuclear energy sources. This diversification enables the company to provide a stable and reliable energy supply, vital for both residential and industrial sectors. By investing in infrastructure projects and innovations, such as smart grids and clean energy solutions, American Electric Power plays a crucial role in promoting energy efficiency and meeting regulatory demands for lower emissions. In the broader financial market, the company is considered a staple in the utility sector, frequently drawing attention from investors seeking steady revenue streams and dividends, given its long-standing presence and operational reliability in the industry.
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