COLUMBUS, Ohio, March 13,
2023 /PRNewswire/ -- American Electric Power (Nasdaq:
AEP) has named Kate Sturgess senior
vice president, controller and chief accounting officer effective
May 9.
In this role, she will be responsible for all aspects of
accounting, financial reporting and regulatory accounting services.
Sturgess will report to Ann Kelly,
executive vice president and chief financial officer. She will
succeed Joseph Buonaiuto, senior
vice president, controller and chief accounting officer, who will
retire July 1 after more than 21
years with the company.
"We thank Joe for his leadership and significant contributions
to AEP's finance team throughout the years and wish him the best in
his well-deserved retirement," said Kelly. "Kate's depth of
accounting knowledge and experience working in the finance
organizations of large, regulated energy companies, paired with her
commitment to continuous improvement and developing finance talent,
make her a strong choice for this role. We welcome Kate's insights
and knowledge as we continue to advance our strategic growth
objectives."
Sturgess most recently was vice president, Controller for Edison
International and its subsidiary Southern California Edison. Prior
to that role, she held various finance leadership positions at
National Grid USA, a subsidiary of
National Grid plc., including vice president, U.S. controller.
Before National Grid, Sturgess was a senior manager with
PricewaterhouseCoopers LLP in New
York and London, where she
specialized in audits of publicly traded companies in the power and
utilities sector. She began her career in 2006 as an associate with
the company.
Sturgess received her bachelor's degree in history from the
University of Sheffield in
England and is a chartered
accountant from the Institute of Chartered Accountants in
England and Wales.
American Electric Power, based in Columbus, Ohio, is powering a cleaner,
brighter energy future for its customers and communities. AEP's
approximately 17,000 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 5.6 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 6,900 megawatts of renewable energy. The
company's plans include growing its renewable generation portfolio
to approximately 50% of total capacity by 2032. 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