Summary
American Electric Power Company, Inc. (AEP) announced a change to its Board of Directors in this 8-K filing. Effective June 22, 2022, Donna A. James has been elected to the Board and appointed to the Finance Committee and Policy Committee. Ms. James brings extensive experience from her prior roles at Nationwide Mutual Insurance Company and Nationwide Financial Services, and currently serves on the boards of other prominent companies like Boston Scientific, The Hartford, and Victoria's Secret. The Board has confirmed her independence, and she will receive standard compensation for non-employee directors. Additionally, David J. Anderson will resign from the Board effective June 21, 2022, for personal reasons and not due to any disagreement with the company. Mr. Anderson's tenure was extended to assist with board transitions earlier in the year. These changes aim to ensure continued strong governance and diverse expertise within AEP's leadership.
Key Highlights
- 1Appointment of Donna A. James as a new independent director to the Board, effective June 22, 2022.
- 2Ms. James has been assigned to the Finance Committee and the Policy Committee.
- 3Ms. James possesses significant executive and advisory experience, having held senior positions at Nationwide and currently serving on multiple other public company boards.
- 4The Board has determined Ms. James meets all independence requirements.
- 5Ms. James will be compensated according to the company's standard non-employee director compensation plan.
- 6Resignation of existing director David J. Anderson, effective June 21, 2022.
- 7Mr. Anderson's resignation is for personal reasons and not due to any disputes with AEP.