April 06, 2023
AEP Names Smyth Executive Vice President Grid Solutions & Government Affairs, Announces Organizational Changes
American Electric Power (Nasdaq: AEP) has made organizational and executive leadership changes to support the company’s strategic priorities, according to Julie Sloat, president and chief executive officer. The changes are effective today.
Antonio Smyth, currently senior vice president, Grid Solutions, has been named executive vice president, Grid Solutions and Government Affairs. Smyth will continue to oversee planning for regulated infrastructure investment and policy related to the Federal Energy Regulatory Commission (FERC) and Regional Transmission Organizations, with expanded responsibility for federal and Ohio government affairs. He will report to Sloat.
“Antonio brings expertise in policy and strategy and a proven ability to plan and execute on infrastructure investment opportunities to benefit all of our stakeholders. His vision and knowledge will allow us to continue developing and advocating for policy that supports our investment strategies as we work to build a cleaner, more efficient energy system that meets the future needs of our customers and communities,” Sloat said.
AEP’s executive vice president of External Affairs position is being eliminated, and the responsibilities have been realigned. Raja Sundararajan is leaving the organization to pursue other opportunities.
Regulatory Services will now report to David Feinberg, executive vice president, general counsel and secretary. Communications & Marketing will report to Phillip Ulrich, executive vice president and chief human resources officer. Strategy & Transformation will report to Greg Hall, executive vice president and chief commercial officer. Charles Zebula will remain in his role as executive vice president, Portfolio Optimization. The Sales, Economic & Business Development organization will report to Peggy Simmons, executive vice president, Utilities.
“AEP has benefitted greatly from Raja’s leadership and keen understanding of the unique regulatory and policy challenges facing our industry over the two decades that he has been with the company. His technical expertise and experience were incredibly valuable during his time as president of AEP Ohio and as he led parts of our regulatory, transmission and finance organizations. I want to sincerely thank him for his contributions and leadership. We wish him all the best and continued success,” Sloat said.
Smyth, 47, has been senior vice president, Grid Solutions, since 2021. In that role, he led the commercial development of new grid resources, including AEP’s investments in large-scale generation projects, renewable energy projects, competitive transmission, energy storage, and emerging technologies. Previously, he was senior vice president of Transmission Ventures, Strategy and Policy, where he led transmission strategy, finance, commercial development activities, and federal regulatory and policy for AEP’s $40 billion electric transmission business. He also has held key leadership roles in the Strategic Initiatives and Corporate Finance organizations since joining AEP in 2001.
Smyth is chair of the board of directors of the ReliabilityFirst Corporation and a member of the Compensation Committee. He also serves as a board member of Electric Transmission Texas, LLC, a $4 billion electric infrastructure joint venture between AEP and Berkshire Hathaway Energy, and as a trustee of the Center of Science and Industry (COSI) in Columbus, Ohio. He earned bachelor’s and master’s degrees in economics from The Ohio State University and is a veteran of the United States military.
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.
Other News Releases
May 31, 2023
May 04, 2023
AEP Reports First-Quarter Earnings, Reaffirms 2023 Guidance
- First-quarter 2023 GAAP earnings of $0.77 per share; operating earnings of $1.11 per share
- 2023 operating earnings (non-GAAP) guidance range reaffirmed at $5.19 to $5.39 per share with long-term growth rate of 6% to 7% and FFO/Debt target of 14% to 15%
- AEP launches sale process for retail and distributed resources businesses, announces strategic review of certain non-core transmission joint ventures, remains on track to close on unregulated renewable asset sale