Who is Sandra Beach Lin and what is her background?

Sandra Beach Lin is a new director elected to AEP's Board. She previously served as the Chief Executive Officer of Calisolar, Inc. and as Corporate Executive Vice President of Celanese Corporation. She is also currently a director at WESCO International.

What is the significance of Ms. Lin being an 'independent' director?

Ms. Lin's designation as an 'independent' director means she meets specific criteria set by AEP's Corporate Governance guidelines, the New York Stock Exchange, and the SEC. This typically implies she has no material relationship with AEP that could impair her independent judgment as a director, which is a key aspect of good corporate governance.

How will Ms. Lin be compensated for her role as a director?

As a non-employee director, Ms. Lin will receive the same compensation as other non-employee directors of AEP, consistent with policies and procedures previously approved by the Board and disclosed in AEP's 2012 Proxy Statement.

AEP 8-K: Leadership Changes

Q: What committee has Ms. Lin been appointed to?

Ms. Lin has been appointed to the Policy Committee of AEP's Board of Directors.

Summary

American Electric Power Company, Inc. (AEP) filed an 8-K on July 24, 2012, to report a significant change within its Board of Directors. The company announced the election of Sandra Beach Lin as a new director, effective immediately, with her term extending through the 2013 annual shareholder meeting. Ms. Lin brings substantial executive experience, having previously served as CEO of Calisolar, Inc. and Corporate Executive Vice President of Celanese Corporation, and currently sits on the Board of WESCO International. This appointment is notable as Ms. Lin has been deemed an independent director by AEP, meeting the criteria set by the New York Stock Exchange and the SEC. She has also been appointed to the Policy Committee of AEP's Board. As a non-employee director, her compensation will align with that of other directors, as previously disclosed. The filing also confirms no undisclosed related-party transactions or arrangements involving Ms. Lin's election.

Key Highlights

1AEP elected Sandra Beach Lin as a new director to its Board.
2Ms. Lin's directorship is effective immediately and will continue until the 2013 annual shareholder meeting.
3Ms. Lin is considered an independent director by AEP, meeting NYSE and SEC standards.
4Ms. Lin has been appointed to the Board's Policy Committee.
5Ms. Lin possesses prior executive experience as CEO of Calisolar, Inc. and Corporate Executive Vice President of Celanese Corporation.
6Ms. Lin currently serves on the Board of Directors for WESCO International.
7Ms. Lin will receive standard compensation for non-employee directors, as previously disclosed.

AMERICAN ELECTRIC POWER CO INC 8-K Report, Executive Changes (Jul 25, 2012)

Summary

Key Highlights

Frequently Asked Questions