Board of Directors

John B. Morse, Jr. has been a director of AES since December 2008 and serves as Chairman and Lead Independent Director. Prior to assuming the role as chairman, he was chairman of the Financial Audit Committee and a member of the Strategy and Investment Committee. Mr. Morse brings substantial executive experience to the Board, including board, investment and other finance expertise. Before his retirement in December 2008, Mr. Morse served as the Senior Vice President, Finance and Chief Financial Officer of The Washington Post Company (the “Post”), now Graham Holdings Co., a diversified education and media company whose principal operations include educational services, newspaper and magazine print and online publishing, television broadcasting and cable television systems recording over $4.4 billion in annual operating revenues. During Mr. Morse’s 19 year tenure, the Post’s leadership made more than 100 investments in both domestic and international companies and included new endeavors in emerging markets. Prior to joining the Post, Mr. Morse was a partner at Price Waterhouse (now PricewaterhouseCoopers), where he worked with publishing/media companies and multilateral lending institutions for more than 17 years. Mr. Morse graduated with a B.A. from the University of Virginia and an M.B.A. from the Wharton School of Finance at the University of Pennsylvania. Mr. Morse is a Certified Public Accountant.

Jay Morse , , , Chairman and Lead Independent Director

Janet Davidson has been a Director of AES since February 2019 and serves on the Financial Audit Committee, Compensation Committee, and Innovation and Technology Committee of the Board. Ms. Davidson brings to the AES Board a deep knowledge of technology, global business operations, customer care and sales, and corporate strategy. Ms. Davidson began her career in 1979 as a member of the Technical Staff of Bell Laboratories, Lucent Technologies (as of 2006 Alcatel Lucent), and served from 1979 through 2011 in several key positions including, as Group President Internetworking Systems (2001 to 2005), Chief Strategy Officer (2005 to 2006), Chief Compliance Officer (2006 to 2008) and Executive Vice President, Quality & Customer Care (2008 to 2011). Ms. Davidson became a member of the supervisory board of ST Microelectronics in June 2013, a leading integrated device manufacturer delivering solutions that are key to smart driving and the Internet of Things where she is a member of the Audit and Strategic Committees. Ms. Davidson has a BA in Physics from Lehigh University, a MS in Electrical Engineering from the Georgia Institute of Technology.

Janet Davidson , , , Director

Andrés Gluski has served as President and CEO since 2011, after serving as COO for five years. Previously he served as CEO of both AES Gener in Chile and La Electricidad de Caracas in Venezuela. Andrés held senior positions in banking, telecom, the IMF and the public sector before joining AES in 2000. During his tenure as President and CEO, Andrés has led AES through a dramatic transformation by focusing on simplification, risk improvement and innovation. He has led the company through a $5 billion divestiture program, increased the credit rating by multiple notches and initiated a quarterly dividend, which has grown at an 8% annual rate. Andrés has also overseen the largest construction program in AES’ history, with more than 5,000 MW of new power generation completed. Under his leadership, AES has become a world leader in implementing new clean technologies, including energy storage, wind, solar and LNG. Navigant Research has consistently ranked Fluence—AES’ joint venture with Siemens—as the #1 grid-scale energy storage integrator in the world. Andrés also established sustainability and corporate social responsibility goals that resulted in AES’ inclusion in the Dow Jones Sustainability Index for North America for the past six years and designation as one of the World’s Most Ethical Companies for six years in a row by the Ethisphere® Institute. In 2018 the company established aggressive carbon reduction goals and became the first publicly-traded power company to issue a climate report that complies with recommendations from the Task Force on Climate Related Financial Disclosures. He has been invited to serve as an expert witness at US Congressional hearings on the subject of energy policy and Latin America. He currently serves on the US-Brazil CEO Forum and the US-India CEO Forum. He is a member of the Board of The AES Corporation, Waste Management and Fluence. He is also Chairman of the Americas Society/Council of the Americas, a Director of the Edison Electric Institute and a member of the Business Roundtable. Andrés is a magna cum laude graduate of Wake Forest University and earned his MA and PhD in economics from the University of Virginia.

Andrés Gluski , , President and CEO , , President and Chief Executive Officer

Holly Keller Koeppel has been a Director of AES since April 2015 and serves on the Compensation and Innovation and Technology Committees and as Chair of the Governance Committee of the Board. Ms. Koeppel, a senior operating and financial executive, has served for over thirty years in the energy industry. Her knowledge of global energy-related commodity markets and infrastructure industries offers valuable insights to the Board. Most recently (from March 2015 to January 2017), Ms. Koeppel was Managing Director and Co-Head of Corsair Infrastructure Management. From 2010 to February 2015, Ms. Koeppel was Partner and Global Co-Head of Citi Infrastructure Investors, a division of Citigroup. Prior to her service at Citi Infrastructure Investors, Ms. Koeppel served as Executive Vice President and Chief Financial Officer for American Electric Power Corporation (“AEP”) from 2006 to 2009, and several additional executive positions at AEP from 2000 to 2006. Koeppel received a BS in Business Administration from Ohio State University and an MBA from Ohio State University where she was a member of Phi Beta Kappa.

Holly Keller Koeppel , , , Director

Tarun Khanna has been a Director of AES since April 2009 and serves on the Governance and Financial Audit Committees and is Chair of the Innovation and Technology Committee of the Board. Dr. Khanna is the Jorge Paulo Lemann Professor at the Harvard Business School, joining the faculty in 1993. He brings substantial expertise regarding global business, emerging markets and corporate strategy to the Board. Dr. Khanna’s scholarly work has been published in a range of economics, management and foreign policy journals and published “Billions of Entrepreneurs: How China and India are Reshaping Their Futures and Yours,” a book focusing on the drivers of entrepreneurship in Asia. He also co-authored the book “Winning in Emerging Markets: A Roadmap for Strategy and Execution,” which was published in March 2010. His latest book, “Trust: Creating the Foundation for Entrepreneurship in Developing Countries,” will be published worldwide in July 2018. He was appointed a Young Global Leader (under 40) by the World Economic Forum in 2007, was elected as a Fellow of the Academy of International Business in 2009, and was appointed Director of Harvard University’s South Asia Institute in 2010. Dr. Khanna received a B.S.E. from Princeton University and Ph.D. from Harvard University

Tarun Khanna , , , Director

Julie Laulis has been a Director of AES since April 2020 and serves on the Compensation and Innovation and Technology Committees of the Board. Ms. Laulis brings to the AES Board a deep knowledge of business agility, customer care, technology and transformational leadership. Ms. Laulis serves as the President and Chief Executive Officer of Cable ONE, a position she has held since 2017. In 2008, Ms. Laulis was named Chief Operations Officer, responsible for Cable ONE’s three operation divisions and two call centers. In 2012, she was named Chief Operating Officer, adding sales, marketing and technology to her responsibilities. She was promoted to President and Chief Operations Officer in 2015. In 2017 she was names President and Chief Executive Officer and in 2018 she was named Chair of the Board. Prior to joining Cable ONE, Ms. Laulis served in various marketing management positions with Jones Communications in the Washington, DC and Denver, CO areas. Ms. Laulis began her career in the cable industry with Hauser Communications.

Julie Laulis , , , Director

James H. Miller has been a Director of AES since June 2013 and serves on the Governance and Innovation and Technology Committees, and is Chair of the Financial Audit Committee of the Board. Mr. Miller brings to the AES Board his substantial experience in the energy industry both in the US and internationally, including experience in regulated utilities and the competitive power markets. With more than 35 years of experience in the energy industry, Mr. Miller served as Chairman of PPL Corporation from 2006 until his retirement in March 2012. He joined PPL as President of its US generation businesses in 2001. Previously, he was Executive Vice President of USEC Inc. and President of two ABB Group subsidiaries: ABB Environmental Systems and ABB Resource Recovery Systems. He began his career at the former Delmarva Power & Light Co. Mr. Miller holds a bachelor’s degree in electrical engineering from the University of Delaware and served in the US Navy nuclear submarine program.

James Miller , , , Director

Alain Monié has been a Director of AES since July 2017 and serves on the Governance and Innovation and Technology Committees and is Chair of the Compensation Committee of the Board. Mr. Monié has served as the chief executive officer of Ingram Micro Inc. (“Ingram Micro”), a leader in delivering the full spectrum of global technology and supply chain solutions to businesses around the world, since January 2012. Mr. Monié joined Ingram Micro in 2003 and was appointed president of the Asia Pacific region in 2004. From 2007 to 2010, he served as president and chief operating officer of Ingram Micro. Following one year as chief executive officer of Singapore-based Asia Pacific Resources International Limited, he returned to Ingram Micro as chief operating officer in late 2011 and became chief executive officer in January 2012. Prior to joining Ingram Micro, Mr. Monié held senior international leadership positions with AlliedSignal Inc. (“AlliedSignal”) and, subsequently, Honeywell International (“Honeywell”) after the two companies merged. Mr. Monié played a key role in AlliedSignal’s 1999 merger with Honeywell and, from 2000 to 2002, he served as Honeywell’s president of Latin America and head of the Industrial and Building Automation group for that region. Before joining AlliedSignal, Mr. Monié held general management positions with French aerospace company Sogitec Inc. and, prior to that, he was a controller with Renault. He started his career as an engineer in Mexico while in military service. Mr. Monié earned a master’s degree in business administration from the Institut Supérieur des Affaires in Jouy-en-Josas, France (now part of Groupe HEC). He graduated with honors in automation engineering studies at the École Nationale Supérieure d’Arts et Métiers (ENSAM), Bordeaux and Paris.

Alain Monié , , , Director

Moisés Naim has been a Director of AES since April 2013 and serves on the Governance, Financial Audit and Innovation and Technology Committees of the Board. Moisés Naím is a distinguished fellow at the Carnegie Endowment for International Peace, an internationally syndicated columnist, and the host and producer of Efecto Naím; a weekly television program on international affairs that airs throughout the Americas. The program earned an Emmy Award in 2018. Moises Naím was Venezuela’s Minister of Development, director of its Central Bank and an Executive Director at the World Bank. From 1996 to 2010, he was the editor-in-chief of Foreign Policy magazine. Naím is the author of many scholarly articles and over 14 books on international affairs, economics and politics; including “Illicit" and “The End of Power” which was selected by the Washington Post and the Financial Times as one of the best books of the year. He recently published his first novel, “Dos Espías en Caracas”. Naim holds a Ph.D from the Massachusetts Institute of Technology and a Doctor Honoris Causa in International Affairs from American University.

Moisés Naim , , , Director

Jeffrey W. Ubben has been a Director of AES since January 2018 and serves on the Financial Audit, Innovation and Technology, and Compensation Committees of the Board. Mr. Ubben is a Founder and Chairman of ValueAct Capital, an investment firm based in San Francisco, California with over $15 billion in assets under management. He is currently Portfolio Manager of the ValueAct Spring Fund and is a member of the firm's Management Committee. Mr. Ubben is a former Director of Twenty-First Century Fox Inc., Gartner Group, Inc., Misys plc, Sara Lee Corp., Valeant Pharmaceuticals International and Willis Towers Watson plc, as well as other public and private companies. Mr. Ubben serves on the boards of Duke University, Northwestern University and the E.O. Wilson Biodiversity Foundation, and formerly served as Chair of the national board of the Posse Foundation. Mr. Ubben holds a B.A. from Duke University and an M.B.A. from the Kellogg Graduate School of Management at Northwestern University.

Jeffrey Ubben , , , Director

Governance and Risk Management

At AES, we believe corporate governance is an essential element of maintaining sustainable local operations, and we integrate it in our business model. We empower our operating businesses with our corporate governance guidelines and resources to ensure we routinely operate in a sustainable manner, thereby improving lives by providing safe, reliable and sustainable energy solutions in every market we serve.

AES Corporate Governance Guidelines

The AES Board of Directors is the center of our corporate governance and oversight structure. Every year, the Board reviews and approves our Corporate Governance Guidelines, which outline policies and procedures for various activities, including:

  • Establishing the role and goals for Directors
  • Selecting a Chairman of the Board
  • Electing new Directors and setting Board membership criteria
  • Providing Board member access to management, people and advisors
  • Developing corporate leadership
  • Determining the strategic direction of the company

Board Responsibilities

The AES Governance Committee regularly reviews corporate governance principles adopted by the Board, examines governance issues and provides recommendations when necessary. In addition, the Committee is also responsible for:

  • Advising the Board with regard to corporate governance principles that are consistent with laws, regulations and stock exchange listing standards
  • Reviewing our commitment to, and implementation of, the principle of acting in a socially responsible way at all times
  • Monitoring the environmental and safety compliance of the company and its subsidiaries
  • Reviewing and approving the scope of our internal environmental and safety compliance audit programs


Board Committees

The Board has five standing committees. The standing committees include the Compensation Committee, the Financial Audit Committee, the Innovation and Technology Committee, and the Governance Committee.

Compensation Committee

Janet Davidson
Julie Laulis
Alain Monié – Chair
Jeff Ubben
Holly Koeppel

Financial Audit Committee

Janet Davidson
Tarun Khanna
Jim Miller - Chair
Moisés Naím
Jeff Ubben

Innovation and Technology Committee

Janet Davidson
Andrés Gluski
Tarun Khanna - Chair
Holly Koeppel
Julie Laulis
Jim Miller
Alain Monié
Moisés Naím
Jeff Ubben

Governance Committee

Tarun Khanna
Holly Koeppel – Chair
Jim Miller
Alain Monié
Moisés Naím

Incorporation and Bylaws

AES' Certificate of Incorporation and Bylaws are provided here for reference.

Bylaws 236 KB