AEP appoints Charles E. Zebula as CFO; reaffirms 2023 EPS guidance $5.19-$5.39

AMERICAN ELECTRIC POWER CO INC

Zebula named EVP & CFO effective Sept 30, replacing Ann P. Kelly, who was terminated.
Kelly eligible for severance: 1x salary + target bonus, prorated LTIP vesting subject to agreement.
Zebula's salary raised to $700k (from $619.5k); receives $1.5M in RSUs vesting through Dec 2024 or retirement.
AEP reaffirmed 2023 operating earnings guidance $5.19-$5.39/share, 6-7% long-term growth, and 14-15% FFO/Debt.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Ann P. Kelly

Executive Vice President and Chief Financial Officer

AEP · AMERICAN ELECTRIC POWER CO INC

Effective: 2023-09-29
Successor: Charles E. Zebula
Filed: October 2, 2023, 7:59 PM ET

On October 2, 2023, the Company announced that, effective September 29, 2023, Ann P. Kelly’s employment was terminated as Executive Vice President and Chief Financial Officer.

Appointed

Charles E. Zebula

Executive Vice President and Chief Financial Officer

AEP · AMERICAN ELECTRIC POWER CO INC

Effective: 2023-09-30
Filed: October 2, 2023, 7:59 PM ET

On September 29, 2023, the Board of Directors of American Electric Power Company Inc. (“AEP” or “Company”) elected Charles E. Zebula to serve as AEP’s Executive Vice President and Chief Financial Officer effective as of September 30, 2023.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Ann P. Kelly was terminated as Executive Vice President and Chief Financial Officer at AMERICAN ELECTRIC POWER CO INC.

Action: terminated
Role: Executive Vice President and Chief Financial Officer

Exact text from the filing

On October 2, 2023, the Company announced that, effective September 29, 2023, Ann P. Kelly’s employment was terminated as Executive Vice President and Chief Financial Officer.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Charles E. Zebula was elected as Executive Vice President and Chief Financial Officer at AMERICAN ELECTRIC POWER CO INC.

Action: elected
Role: Executive Vice President and Chief Financial Officer

Exact text from the filing

On September 29, 2023, the Board of Directors of American Electric Power Company Inc. (“AEP” or “Company”) elected Charles E. Zebula to serve as AEP’s Executive Vice President and Chief Financial Officer effective as of September 30, 2023.

View on SEC.gov

AMERICAN ELECTRIC POWER CO INC filing history →

Source: SEC EDGAR

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