AEP Welcomes Joseph Sauvage to Board of Directors

American Electric Power Company Inc. (AEP), a leader in the energy sector, announced the appointment of Joseph G. Sauvage to its Board of Directors on April 29, 2025. Sauvage, who has an extensive background in the power, utilities, and renewables sectors, brings a wealth of experience to AEP, having served as the retired vice chairman and chairman of Global Power, Utilities, and Renewables at Citigroup for over 16 years.

Before his tenure at Citigroup, Sauvage held various positions at Lehman Brothers, including vice chairman and global head of Power, Utilities, and Renewables. His impressive resume also includes roles as vice chairman of the Wall Street Advisory Group and a member of the executive committee for the Electric Power Research Institute Advisory Council. This deep industry knowledge positions Sauvage to provide valuable insights into the challenges and opportunities faced by AEP and the energy sector at large.

Sara Martinez Tucker, chairman of the AEP Board of Directors, highlighted the importance of aligning the board's skills and experiences with the company's long-term strategy. "Joe's deep understanding of the opportunities facing our industry, as well as his insight into complex capital raises and market dynamics, will bring a valuable perspective to the Board," Tucker noted.

Bill Fehrman, President and CEO of AEP, expressed optimism regarding Sauvage's impact on the company. "Joe's strategic and financial expertise will be helpful as we invest in a reliable, modern energy system to serve our customers and support once-in-a-generation load growth," Fehrman stated. He emphasized the significance of Sauvage's guidance in navigating the evolving landscape of energy demands.

The announcement of Sauvage's appointment comes alongside the news that Donna James did not stand for re-election to the Board of Directors for personal reasons. Tucker extended her gratitude toward James, thanking her for her leadership and contributions to AEP. "We wish her all the best moving forward," she remarked.

American Electric Power remains steadfast in its commitment to enhancing service for its customers and addressing the growing energy needs of communities. The company has outlined a robust investment plan of $54 billion from 2025 through 2029, aimed at modernizing its infrastructure and improving service reliability. With nearly 16,000 employees, AEP operates the largest electric transmission system in the United States, encompassing approximately 40,000 line miles and over 225,000 miles of distribution lines. This extensive network serves 5.6 million customers across 11 states.

As one of the nation's largest electricity producers, AEP boasts an impressive generating capacity of approximately 29,000 megawatts, derived from a diverse mix of energy sources. The company's focus on safety, operational excellence, and community engagement underscores its mission to create value for stakeholders.

The addition of Joseph Sauvage to AEP's Board of Directors marks a significant step in the company's strategic evolution. With his extensive experience in the power and utilities sector, AEP is well-positioned to navigate the complexities of the energy landscape and continue its commitment to delivering reliable and affordable power to millions of customers. As the company embarks on its ambitious investment plan, the insights and guidance from its newly appointed board member will undoubtedly play a crucial role in shaping its future.