COLUMBUS, Ohio, Jan. 7, 2025
/PRNewswire/ -- American Electric Power (Nasdaq: AEP) has named
Trevor I. Mihalik executive vice
president and chief financial officer effective Jan. 20. He will succeed Chuck Zebula, who will serve as senior advisor
to the chief executive officer before retiring in March. Mihalik's
previous experience includes roles as group president, CFO,
controller and chief accounting officer at Sempra. He will report
to Bill Fehrman, AEP president and
chief executive officer.
Mihalik will be responsible for AEP's accounting and tax,
treasury and risk, corporate planning and budgeting, investor
relations, procurement, supply chain, strategy, and corporate
regulatory functions.
"As the demand for energy increases, AEP is committed to
delivering on our promises to regulators, customers and investors
by improving our operating performance and executing our
multibillion-dollar capital plan," Fehrman said. "Trevor's diverse
background of experience, deep industry knowledge and energetic
leadership style will help us achieve these strategic goals. He is
a proven leader who immediately will add tremendous strength and
focus to our senior leadership team as well as our internal
succession planning. We look forward to having Trevor on the team
and leveraging his insights to deliver results for our regulators,
customers and shareholders."
"AEP is a leader in the utility space and has robust
long-term growth potential," Mihalik said. "I am grateful for this
opportunity to join a dynamic team focused on positioning the
company for future success, and I am committed to continuing this
momentum to create value for all our stakeholders."
"Chuck has been a tremendous leader at AEP for more than 25
years and has brought value and expertise to every role he has
taken on. His steady leadership will be missed, and we are thankful
he will serve in an advisor role until his expected retirement in
March to ensure a smooth transition," Fehrman said.
Mihalik has worked in the energy industry for more than 34 years
and has extensive experience in finance, enterprise risk and
business operations. He most recently served as the group president
of Sempra, where he was responsible for all aspects of the
company's San Diego Gas and Electric and Southern California Gas
Company subsidiaries. He held several leadership roles in Sempra's
finance organization during his more than 12 years with the
company, including executive vice president and chief financial
officer and senior vice president, controller and chief accounting
officer. Prior to joining Sempra, Mihalik led the finance teams of
Iberdrola Renewables Holdings, Inc., Chevron Natural Gas and
Bridgeline Holdings, L.P., a joint venture owned by Chevron and
Targa Resources. He began his career with PricewaterhouseCoopers in
their assurance business.
He chairs the finance committee for the board of directors of
the WD-40 Company. Mihalik received his bachelor's degree in
accounting from Creighton University
and his master's degree in business administration from
Rice University. He is a certified
public accountant in the state of Texas.
About AEP
Our team at American Electric Power
(Nasdaq: AEP) is committed to improving
our customers' lives with reliable, affordable power. We are
investing $54 billion from 2025
through 2029 to enhance service for customers and support the
growing energy needs of our communities. Our nearly 16,000
employees operate and maintain the nation's largest electric
transmission system with 40,000 line miles, along with more than
225,000 miles of distribution lines to deliver energy to 5.6
million customers in 11 states. AEP also is one of the
nation's largest electricity producers with approximately 29,000
megawatts of diverse generating capacity. We are focused on safety
and operational excellence, creating value for our stakeholders and
bringing opportunity to our service territory through economic
development and community engagement. Our family of companies
includes AEP Ohio, AEP Texas, Appalachian Power (in Virginia, West
Virginia and Tennessee),
Indiana Michigan Power, Kentucky Power, Public Service Company of
Oklahoma, and Southwestern
Electric Power Company (in Arkansas, Louisiana, east Texas and the Texas
Panhandle). AEP also owns AEP
Energy, which provides innovative competitive energy
solutions nationwide. AEP is headquartered in
Columbus, Ohio. For more
information, visit aep.com.
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SOURCE American Electric Power