Parent Of Retail Supplier Names New Executive Vice President - Strategy

November 2, 2020

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Reporting by Paul Ring • ring@energychoicematters.com

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American Electric Power today announced leadership changes to expand the experiences of key executives. The changes are effective Jan. 1, 2021.

Notably, Brian X. Tierney, currently executive vice president and chief financial officer, has been named executive vice president – Strategy.

Lisa M. Barton, currently executive vice president – Utilities, has been named executive vice president and chief operating officer. Julie Sloat, currently senior vice president – Treasury & Risk, has been named executive vice president and chief financial officer.

"These changes in executive leadership roles strengthen the company's focus on its strategic goals and are a continuation of AEP's executive development program," said Nicholas K. Akins, AEP chairman, president and chief executive officer. "With these changes, we will fully leverage the operational expertise, strong leadership abilities and deep industry knowledge of these key leaders as we continue our long-term strategy of investment in smart, cleaner energy infrastructure and innovative technological solutions for the benefit of our customers."

In his new role, Tierney will lead AEP's corporate strategy and operational and performance management functions.

In her new role, Barton will continue to lead the activities of all AEP utility operating companies, as well as the operations of the Generation and Transmission business units, and the Procurement, Supply Chain and Fleet Operations organization.

Sloat will assume responsibility for all other CFO functions, including accounting & tax, treasury & risk, corporate planning & budgeting, and investor relations.

Tierney has served in his current role since 2009. Prior to that, Tierney served as executive vice president – AEP Utilities East, senior vice president of Commercial Operations, and held a number of management positions within the company. Prior to joining AEP, Tierney worked for a Houston-based energy company where he was an electricity trader, traded coal and priced energy transactions.

Barton has served in her current role since 2019 and previously held several leadership positions in AEP Transmission. She joined AEP in 2006 from Northeast Utilities. Previous to that she worked with Strategic Energy LLC in Pittsburgh

Sloat has served in her current role since 2019 and previously served as president and chief operating officer, AEP Ohio. Prior to that, Sloat held several leadership positions in the Finance and Regulatory Services departments.

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