AEP Announces Leadership Change, Appoints Interim CEO
American Electric Power Co. has appointed Benjamin G.S. Fowke III as interim CEO following Julie Sloat's removal, signaling a new direction for the utility company.
- Julie Sloat has been removed as CEO of American Electric Power Co. just over a year after assuming the role, with the company citing a need for new leadership direction.
- Benjamin G.S. Fowke III, former chairman and CEO of Xcel Energy and an AEP board member, has been named interim CEO.
- The leadership change comes weeks after billionaire investor Carl Icahn secured two seats on the board, raising questions about the influence of activist investors.
- AEP has begun an external search for a permanent CEO, engaging a leading executive search firm.
- The company faces regulatory challenges and seeks to enhance grid reliability and resiliency while advancing its generation fleet transformation.
Financial Post 
