COLUMBUS, Ohio, Nov. 2, 2022
/PRNewswire/ -- American Electric Power (Nasdaq: AEP) has named
Ann P. Kelly executive vice
president and chief financial officer (CFO), effective Nov. 30. Kelly is currently vice president of
finance and CFO for AmeriGas Propane, Inc., a UGI Corp.
subsidiary.
Kelly will be responsible for AEP's accounting and tax, treasury
and risk, corporate planning and budgeting, and investor relations
functions. She will report to Nicholas K.
Akins, AEP chair and chief executive officer (CEO), until
Jan. 1 when Julie Sloat, AEP president and current CFO,
becomes CEO.
"Ann brings significant financial expertise, deep industry
knowledge and an engaging leadership style to this role, and I am
thrilled to have her join our dynamic team. Her experience will be
invaluable as we continue to grow our business and invest in a
modern, reliable energy system to benefit our customers," Sloat
said.
Kelly, 52, was appointed vice president of finance and CFO for
AmeriGas in 2019. Previously, she was corporate controller and
chief accounting officer for UGI, assistant treasurer for UGI, and
controller and principal accounting officer for UGI Utilities.
Prior to joining UGI Utilities in 2014, Kelly was CFO for JGM,
Inc., senior vice president of finance for Preferred Sands, and
held roles of increasing responsibility in finance and accounting
at Exelon Generation, PECO, Radnor Holdings, Price Waterhouse and
Dean Witter. Kelly earned a bachelor's degree in accounting from
Ohio Wesleyan University and a Master
of Business Administration with a concentration in finance from
Villanova University.
American Electric Power, based in Columbus, Ohio, is powering a cleaner,
brighter energy future for its customers and communities. AEP's
approximately 16,700 employees operate and maintain the nation's
largest electricity transmission system and more than 224,000 miles
of distribution lines to safely deliver reliable and affordable
power to 5.5 million regulated customers in 11 states. AEP also is
one of the nation's largest electricity producers with
approximately 31,000 megawatts of diverse generating capacity,
including more than 7,100 megawatts of renewable energy. The
company's plans include growing its renewable generation portfolio
to approximately 50% of total capacity by 2030. AEP is on track to
reach an 80% reduction in carbon dioxide emissions from 2005 levels
by 2030 and has committed to achieving net zero by 2045. AEP is
recognized consistently for its focus on sustainability, community
engagement, and diversity, equity and inclusion. AEP's family of
companies includes utilities 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, east Texas and the Texas
Panhandle). AEP also owns AEP Energy, which provides
innovative competitive energy solutions nationwide. For more
information, visit aep.com.
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SOURCE American Electric Power