AEP Names Seasoned Energy Executive Trevor Mihalik Executive Vice President & Chief Financial Officer
American Electric Power (AEP) has appointed Trevor I. Mihalik as executive vice president and chief financial officer, effective January 20, 2024. Mihalik, who brings over 34 years of energy industry experience, will succeed Chuck Zebula, who will serve as senior advisor to the CEO before retiring in March.
Mihalik joins AEP from Sempra, where he most recently served as group president overseeing San Diego Gas and Electric and Southern California Gas Company subsidiaries. His responsibilities at AEP will include accounting and tax, treasury and risk, corporate planning and budgeting, investor relations, procurement, supply chain, strategy, and corporate regulatory functions.
The appointment comes as AEP focuses on improving operating performance and executing its multibillion-dollar capital plan to meet increasing energy demand. Mihalik's experience includes leadership roles at Iberdrola Renewables Holdings, Chevron Natural Gas, and Bridgeline Holdings.
American Electric Power (AEP) ha nominato Trevor I. Mihalik come vicepresidente esecutivo e direttore finanziario, con effetto dal 20 gennaio 2024. Mihalik, che porta con sé oltre 34 anni di esperienza nel settore energetico, succederà a Chuck Zebula, che ricoprirà il ruolo di consulente senior per il CEO prima di andare in pensione a marzo.
Mihalik si unisce ad AEP dopo aver lavorato in Sempra, dove ha recentemente ricoperto il ruolo di presidente di gruppo supervisionando le sussidiarie di San Diego Gas and Electric e Southern California Gas Company. Le sue responsabilità in AEP includeranno contabilità e fiscalità, tesoreria e gestione dei rischi, pianificazione e budgeting aziendale, relazioni con gli investitori, approvvigionamento, catena di approvvigionamento, strategia e funzioni regolatorie aziendali.
La nomina arriva mentre AEP si concentra sul miglioramento delle performance operative e sull'esecuzione del suo piano di investimento plurimiliardario per soddisfare la crescente domanda energetica. L'esperienza di Mihalik comprende ruoli di leadership in Iberdrola Renewables Holdings, Chevron Natural Gas e Bridgeline Holdings.
American Electric Power (AEP) ha nombrado a Trevor I. Mihalik como vicepresidente ejecutivo y director financiero, con efecto a partir del 20 de enero de 2024. Mihalik, que cuenta con más de 34 años de experiencia en la industria energética, sucederá a Chuck Zebula, quien actuará como asesor senior del CEO antes de jubilarse en marzo.
Mihalik se une a AEP procedente de Sempra, donde más recientemente se desempeñó como presidente de grupo, supervisando las subsidiarias de San Diego Gas and Electric y Southern California Gas Company. Sus responsabilidades en AEP incluirán contabilidad y fiscalidad, tesorería y gestión de riesgos, planificación y presupuestación corporativa, relaciones con inversores, adquisiciones, cadena de suministro, estrategia y funciones regulatorias corporativas.
El nombramiento se produce mientras AEP se centra en mejorar el rendimiento operativo y en ejecutar su plan de capital de varios miles de millones de dólares para satisfacer la creciente demanda de energía. La experiencia de Mihalik incluye roles de liderazgo en Iberdrola Renewables Holdings, Chevron Natural Gas y Bridgeline Holdings.
아메리칸 일렉트릭 파워(AEP)는 트레버 I. 미할릭을 2024년 1월 20일부터 부사장 겸 최고 재무 책임자로 임명했습니다. 34년 이상의 에너지 산업 경력을 가진 미할릭은 3월 퇴임할 Chuck Zebula의 뒤를 잇게 됩니다. Zebula는 CEO의 수석 고문 역할을 수행합니다.
미할릭은 지난번 Sempra에서 샌디에이고 가스 및 전기와 남부 캘리포니아 가스 회사의 자회사를 감독하는 그룹 회장으로 재직하였습니다. AEP에서 그의 책임은 회계 및 세무, 재무 및 위험 관리, 기업 계획 및 예산 편성, 투자자 관계, 조달, 공급망, 전략 및 기업 규제 기능을 포함합니다.
이 임명은 AEP가 운영 성과 개선 및 증가하는 에너지 수요를 충족하기 위한 수십억 달러 규모의 자본 계획을 실행하는 데 집중하는 가운데 이루어졌습니다. 미할릭의 경력은 Iberdrola Renewables Holdings, Chevron Natural Gas 및 Bridgeline Holdings에서의 리더십 역할을 포함합니다.
American Electric Power (AEP) a nommé Trevor I. Mihalik au poste de vice-président exécutif et directeur financier, à compter du 20 janvier 2024. Mihalik, qui possède plus de 34 ans d'expérience dans l'industrie de l'énergie, succédera à Chuck Zebula, qui occupera le rôle de conseiller senior auprès du PDG avant de prendre sa retraite en mars.
Mihalik rejoint AEP après avoir travaillé chez Sempra, où il a récemment occupé le poste de président du groupe en supervisant les filiales de San Diego Gas and Electric et de Southern California Gas Company. Ses responsabilités chez AEP incluront la comptabilité et la fiscalité, la trésorerie et la gestion des risques, la planification et la budgétisation d'entreprise, les relations avec les investisseurs, les achats, la chaîne d'approvisionnement, la stratégie et les fonctions réglementaires de l'entreprise.
Cette nomination intervient alors qu'AEP se concentre sur l'amélioration de la performance opérationnelle et l'exécution de son plan d'investissement multibillionnaire pour répondre à la demande énergétique croissante. L'expérience de Mihalik comprend des postes de direction chez Iberdrola Renewables Holdings, Chevron Natural Gas et Bridgeline Holdings.
American Electric Power (AEP) hat Trevor I. Mihalik zum Executive Vice President und Chief Financial Officer ernannt, wirksam ab dem 20. Januar 2024. Mihalik bringt über 34 Jahre Erfahrung in der Energiewirtschaft mit und wird Chuck Zebula nachfolgen, der als Senior Advisor des CEO tätig sein wird, bevor er im März in den Ruhestand geht.
Mihalik kommt von Sempra, wo er zuletzt als Präsident der Gruppe tätig war und die Tochtergesellschaften San Diego Gas and Electric sowie Southern California Gas Company überwachte. Zu seinen Aufgaben bei AEP gehören Buchhaltung und Steuern, Treasury und Risikomanagement, Unternehmensplanung und -budgetierung, Investor Relations, Beschaffung, Lieferkette, Strategie und regulatorische Unternehmensfunktionen.
Die Ernennung erfolgt, während AEP sich auf die Verbesserung der Betriebsleistung und die Umsetzung seines mehrjährigen Investitionsplans zur Deckung der steigenden Energienachfrage konzentriert. Mihaliks Erfahrung umfasst Führungsrollen bei Iberdrola Renewables Holdings, Chevron Natural Gas und Bridgeline Holdings.
- Appointment of seasoned executive with 34+ years of energy industry experience
- Strategic focus on executing multibillion-dollar capital plan
- Strengthening of senior leadership team and internal succession planning
- None.
Insights
AEP's CFO appointment warrants attention but doesn't significantly impact immediate market dynamics. The selection of Trevor Mihalik, with his 34-year energy industry experience and substantial tenure at Sempra, suggests a strategic focus on operational efficiency and capital management. His background overseeing multibillion-dollar operations at Sempra's utilities demonstrates capability in managing AEP's complex financial operations and capital deployment strategies.
The timing of this transition appears well-orchestrated, with a planned overlap period allowing for knowledge transfer from the outgoing CFO. Mihalik's experience with both regulated utilities and renewable energy operations at Iberdrola aligns with AEP's evolving business model and capital investment needs. Of particular note is his familiarity with regulatory frameworks and capital planning, important for AEP's ongoing infrastructure investments and regulatory relationships.
The appointment represents continuity in AEP's financial strategy rather than a dramatic shift. Mihalik's extensive background in utility finance and accounting brings valuable expertise in managing regulated returns and capital allocation. His experience at Sempra, particularly in overseeing major utility subsidiaries, suggests strong capabilities in executing AEP's multibillion-dollar capital plan and maintaining relationships with regulators and investors.
From an investor perspective, Mihalik's track record in enterprise risk management and regulatory compliance is particularly relevant given AEP's position as one of the largest U.S. utility holding companies. His appointment indicates a focus on disciplined financial management and strategic capital deployment, though the immediate impact on stock performance should be minimal as the transition appears well-planned and orderly.
Mihalik will be responsible for AEP's accounting and tax, treasury and risk, corporate planning and budgeting, investor relations, procurement, supply chain, strategy, and corporate regulatory functions.
"As the demand for energy increases, AEP is committed to delivering on our promises to regulators, customers and investors by improving our operating performance and executing our multibillion-dollar capital plan," Fehrman said. "Trevor's diverse background of experience, deep industry knowledge and energetic leadership style will help us achieve these strategic goals. He is a proven leader who immediately will add tremendous strength and focus to our senior leadership team as well as our internal succession planning. We look forward to having Trevor on the team and leveraging his insights to deliver results for our regulators, customers and shareholders."
"AEP is a leader in the utility space and has robust long-term growth potential," Mihalik said. "I am grateful for this opportunity to join a dynamic team focused on positioning the company for future success, and I am committed to continuing this momentum to create value for all our stakeholders."
"Chuck has been a tremendous leader at AEP for more than 25 years and has brought value and expertise to every role he has taken on. His steady leadership will be missed, and we are thankful he will serve in an advisor role until his expected retirement in March to ensure a smooth transition," Fehrman said.
Mihalik has worked in the energy industry for more than 34 years and has extensive experience in finance, enterprise risk and business operations. He most recently served as the group president of Sempra, where he was responsible for all aspects of the company's San Diego Gas and Electric and Southern California Gas Company subsidiaries. He held several leadership roles in Sempra's finance organization during his more than 12 years with the company, including executive vice president and chief financial officer and senior vice president, controller and chief accounting officer. Prior to joining Sempra, Mihalik led the finance teams of Iberdrola Renewables Holdings, Inc., Chevron Natural Gas and Bridgeline Holdings, L.P., a joint venture owned by Chevron and Targa Resources. He began his career with PricewaterhouseCoopers in their assurance business.
He chairs the finance committee for the board of directors of the WD-40 Company. Mihalik received his bachelor's degree in accounting from Creighton University and his master's degree in business administration from Rice University. He is a certified public accountant in the state of
About AEP
Our team at American Electric Power (Nasdaq: AEP) is committed to improving our customers' lives with reliable, affordable power. We are investing
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SOURCE American Electric Power
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