Named President and CEO of AES in September 2011, Andrés implemented a new strategy of focusing and growing the company where it has a clear competitive advantage. AES exited 11 markets, reduced overhead costs by one-third and accelerated its growth investments as a result. The company currently has more than 6,000 MW under construction, the largest construction program in the company’s history, as well as a strong pipeline of development projects. AES is one of the world’s largest Independent Power Producers with 35,000 MW of capacity from a mix of fuel sources, including renewables and thermal generation, and has more than 10 million distribution customers. The company is a world leader in the use of lithium ion batteries for energy storage and grid stability with more than 80 MW in operation, 70 MW under construction and 100 MW awarded and pending construction.
Under Andrés’ leadership, first as COO and currently as CEO, AES’ operational excellence was recognized with an unprecedented four of the last seven International Edison Awards given by the Edison Electric Institute for innovation and operational improvements. AES also was named one of America’s Safest Companies by EHS Today Magazine. Andrés established sustainability and corporate social responsibility goals that resulted in AES’ first time inclusion in the Dow Jones Sustainability Index for North America and designation as one of the World’s Most Ethical Companies for two years in a row by the Ethisphere® Institute. Prior to his tenure as COO, Andrés served as President for Latin America and CEO of AES Gener in Chile and La Electricidad de Caracas in Venezuela. Andrés held senior positions in banking, telecom, multilaterals and the public sector before joining AES in 2000.
Andrés is a magna cum laude graduate of Wake Forest University and earned his MA and PhD in economics from the University of Virginia. He has been invited to serve as an expert witness at US Congressional hearings on the subject of energy policy and Latin America. In 2012, he was named International CEO of the year by Latin Trade Magazine and he currently serves on President Obama’s Export Council, the US-Brazil CEO Forum and the US-India CEO Forum. He is a member of the Board of The AES Corporation and Waste Management and is Chairman of Brasiliana in Brazil. He is also Chairman of the Americas Society/Council of the Americas, and Director of the Edison Electric Institute and the US-Philippines Society.