American Electric Power has announced organizational changes as part of a continuing corporate-wide repositioning effort, according to Nicholas K. Akins, AEP President and CEO.
Charles E. Zebula, currently treasurer and senior vice president – Investor Relations, will become executive vice president – Energy Supply, a new position reporting to Robert P. Powers, executive vice president and COO. Julie Sloat, currently vice president – Regulatory Case Management, will become treasurer and senior vice president. Sloat will report to Brian X. Tierney, executive vice president and chief financial officer.
“AEP is a regulated electric utility, with the vast majority of our operations and earnings tied to rate-regulated electric utilities,” Akins said. “But Ohio’s move to enhance electric market deregulation will shift much of AEP’s Ohio generation into a separate competitive business. This is an important change for AEP. We’re confident that Chuck’s financial experience in leading AEP’s treasury functions, combined with his prior operational experience running fuel procurement and our river operations business, makes him the right person to manage the transition and ensure it is seamless.”
Sloat will replace Zebula as AEP’s treasurer.