COLUMBUS, Ohio, Aug. 12, 2015 /PRNewswire/ -- American Electric
Power (NYSE: AEP) has named Stephan T.
Haynes senior vice president - Strategic Initiatives and
Chief Risk Officer effective Aug. 3.
Haynes, 54, was promoted from vice president - Strategic
Initiatives and Chief Risk Officer, a position he has held since
January 2008. Haynes will continue to
report to Brian Tierney, executive
vice president and chief financial officer.
Haynes is responsible for all risk management functions and also
for strategic analysis for new business opportunities. He also
serves on the board of managers for the Transource and PATH
Transmission joint ventures and previously served as treasurer of
the PATH, Electric Transmission Texas and Electric Transmission
America joint ventures.
"Steve and his team have done an incredible job identifying,
analyzing and developing mitigation strategies for risk events that
could impact AEP. He also has helped the company evaluate strategic
opportunities to grow our business and to move our transmission
joint ventures forward," Tierney said.
From May 2004 through December 2007, Haynes was assistant treasurer for
AEP with responsibilities for cash management, market risk
activities, trusts and investments, and the planning and execution
of AEP's corporate financing programs, including debt and equity
instruments and banking relationships. Haynes also has served as
vice president - Market Risk Oversight, managing director - Risk
Oversight, managing director - Corporate Finance; manager -
Corporate Finance, and held other positions in investor relations
and information systems. He began his career at AEP in 1984 as a
programmer in the information systems department.
Haynes earned his master's degree in business administration
from The Ohio State University, where
he was named a Weidler Scholar for placing in the top 5 percent of
the class, and holds a bachelor of business systems analysis
degree, summa cum laude, from Harding
University. He has completed the AEP Management Development
Program at Ohio State and the Darden
Program at the University of
Virginia.
American Electric Power is one of the largest electric utilities
in the United States, delivering
electricity to nearly 5.4 million customers in 11 states. AEP ranks
among the nation's largest generators of electricity, owning nearly
32,000 megawatts of generating capacity in the U.S. AEP also owns
the nation's largest electricity transmission system, a more than
40,000-mile network that includes more 765-kilovolt extra-high
voltage transmission lines than all other U.S. transmission systems
combined. AEP's transmission system directly or indirectly serves
about 10 percent of the electricity demand in the Eastern
Interconnection, the interconnected transmission system that covers
38 eastern and central U.S. states and eastern Canada, and approximately 11 percent of the
electricity demand in ERCOT, the transmission system that covers
much of Texas. AEP's utility units
operate as AEP Ohio, AEP Texas, Appalachian Power (in Virginia and West
Virginia), AEP Appalachian Power (in Tennessee), Indiana Michigan Power, Kentucky
Power, Public Service Company of Oklahoma, and Southwestern Electric Power
Company (in Arkansas, Louisiana and east Texas). AEP's headquarters are in Columbus, Ohio.
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SOURCE American Electric Power