AEP NAMES JAMES TO BOARD OF DIRECTORS
American Electric Power (Nasdaq: AEP) has appointed Donna A. James to its Board of Directors. James, a corporate governance expert and founder of Lardon & Associates, brings over 25 years of experience from her tenure at Nationwide Mutual Insurance. The company aims to enhance service and drive growth with her insights. David Anderson resigned after 11 years, reaching retirement age. AEP operates the largest electricity transmission system in the U.S. and plans to increase its renewable energy portfolio to 50% by 2030, targeting an 80% reduction in carbon emissions from 2000 levels.
- Appointment of Donna A. James expected to provide valuable insights into corporate governance and business strategy.
- AEP's commitment to a cleaner energy future with plans to grow renewable energy capacity to 50% by 2030.
- David Anderson's resignation may raise concerns about continuity on the Board.
COLUMBUS, Ohio, June 21, 2022 /PRNewswire/ -- Donna A. James, managing director and founder of Lardon & Associates, LLC, has been elected to the American Electric Power (Nasdaq: AEP) Board of Directors.
"Donna is a recognized authority in corporate governance, business strategy and human resources, as well as a respected Ohio business leader," said Nicholas K. Akins, AEP chairman, president and chief executive officer. "Her vast experience in the public and private sector will be incredibly valuable as we work to enhance service for our customers, transform our workforce and drive growth. We look forward to her insights as we build a cleaner, brighter energy future for the communities we serve."
James, 64, has been managing director and founder of Lardon & Associates, LLC since 2006. She previously worked for more than 25 years at Nationwide Mutual Insurance Co. where she held various positions of increasing responsibility, including executive vice president and chief administrative officer and president of Nationwide Strategic Investments. James received her bachelor's degree in accounting from North Carolina Agricultural and Technical State University.
She is the chair of the board of Victoria's Secret & Co. and a member of the boards of Boston Scientific Corp. and The Hartford Financial Services Group. She also is a board trustee for OhioHealth and co-executive for the African American Leadership Academy.
David Anderson resigned from the Board of Directors after reaching the retirement age for outside Directors. He served on AEP's Board for 11 years.
"David's leadership and expertise have been invaluable to us for more than a decade," Akins said. "We thank him for his considerable contributions, and we wish him all the best."
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
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SOURCE American Electric Power
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