AES Announces Election of New Board Member Holly Koeppel and Retirement of Sandra Moose and Sven Sandstrom
24 April 2015 - 9:10AM
Business Wire
The AES Corporation (NYSE: AES) announced today that Holly
Keller Koeppel has joined AES’ Board of Directors. Ms. Koeppel was
elected at AES’ 2015 Annual Meeting of Stockholders. AES also
announced today that Sandra Moose and Sven Sandstrom retired from
AES’ Board of Directors. Dr. Moose served for 11 years and Mr.
Sandstrom served for 13 years.
“Holly’s 30 years of experience in the energy industry, as well
as her knowledge of global energy-related commodity markets and
infrastructure industries, will offer valuable insight to the
Board,” said Charles Rossotti, Chairman of AES’ Board of Directors.
“Sandy and Sven each contributed a great deal to AES in their more
than 10 years on AES’ Board. I would like to thank them for their
service and wish them well in the future.”
Ms. Koeppel was most recently Partner and Global Co-Head of Citi
Infrastructure Investors, a division of Citigroup from 2010 until
February 2015. Previously, she was Executive Vice President and
Chief Financial Officer of American Electric Power Corporation
(AEP) from 2006 until 2009. Ms. Koeppel held several additional
executive positions at AEP from 2000 until 2006.
First elected to AES’ Board of Directors in 2004, Dr. Moose
contributed to the development of the Company’s strategy through
the Strategy and Investment Committee and to the succession
planning process as Compensation Committee Chair. Dr. Moose is a
former Senior Vice President and Director of The Boston Consulting
Group.
Mr. Sandstrom was first elected to AES’ Board of Directors in
2002. He shared his global business and entrepreneurial expertise
on the Audit and Nominating Committees. Mr. Sandstrom is a former
Managing Director of the World Bank.
About AES
The AES Corporation (NYSE: AES) is a Fortune 200 global power
company. We provide affordable, sustainable energy to 18 countries
through our diverse portfolio of distribution businesses as well as
thermal and renewable generation facilities. Our workforce of
18,500 people is committed to operational excellence and meeting
the world’s changing power needs. Our 2014 revenues were $17
billion and we own and manage $39 billion in total assets. To
learn more, please visit www.aes.com. Follow AES on Twitter
@TheAESCorp.
Safe Harbor Disclosure
This news release contains forward-looking statements within the
meaning of the Securities Act of 1933 and of the Securities
Exchange Act of 1934. Such forward-looking statements include, but
are not limited to, those related to future earnings, growth and
financial and operating performance. Forward-looking statements are
not intended to be a guarantee of future results, but instead
constitute AES’ current expectations based on reasonable
assumptions. Forecasted financial information is based on certain
material assumptions. These assumptions include, but are not
limited to, our accurate projections of future interest rates,
commodity price and foreign currency pricing, continued normal
levels of operating performance and electricity volume at our
distribution companies and operational performance at our
generation businesses consistent with historical levels, as well as
achievements of planned productivity improvements and incremental
growth investments at normalized investment levels and rates of
return consistent with prior experience.
Actual results could differ materially from those projected in
our forward-looking statements due to risks, uncertainties and
other factors. Important factors that could affect actual results
are discussed in AES’ filings with the Securities and Exchange
Commission (the “SEC”), including, but not limited to, the risks
discussed under Item 1A “Risk Factors” and Item 7: Management’s
Discussion & Analysis in AES’ 2014 Annual Report on Form 10-K
and in subsequent reports filed with the SEC. Readers are
encouraged to read AES’ filings to learn more about the risk
factors associated with AES’ business. AES undertakes no obligation
to update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise.
Any Stockholder who desires a copy of the
Company’s 2014 Annual Report on Form 10-K dated on or about
February 25, 2015 with the SEC may obtain a copy (excluding
Exhibits) without charge by addressing a request to the Office of
the Corporate Secretary, The AES Corporation, 4300 Wilson
Boulevard, Arlington, Virginia 22203. Exhibits also may be
requested, but a charge equal to the reproduction cost thereof will
be made. A copy of the Form 10-K may be obtained by visiting the
Company’s website at www.aes.com.
The AES CorporationInvestor Contact:Ahmed Pasha,
703-682-6451orMedia Contact:Amy Ackerman, 703-682-6399
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