AEP taps Sloat as new CEO effective January 1
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American Electric Power (NASDAQ:AEP) said Wednesday it has appointed current Executive VP and CFO Julie Sloat as President and CFO effective immediately, and will become the company's new CEO starting January 1.
Current Chairman, President and CEO Nicholas Akins will become Executive Chair starting January 1; Akins has served as AEP's (AEP) President and CEO since 2011 and Chairman since 2014.
Sloat, who joined the company in 1999, has been Executive VP and CFO since January 2021, after serving previously as Senior VP of Treasury and Risk, and as President and COO of AEP Ohio.
American Electric Power (AEP) is a "solid future growth prospect at an attractive valuation," Mayank Sharma writes in a bullish analysis published recently on Seeking Alpha.