our-leadership

Our Leadership

During his tenure as President and CEO since 2011, Andrés has led a major reorganization and cost savings program that has transformed the company, resulting in over $250M in annual savings to-date with an additional $150M in annual savings targeted by 2020. He has also initiated an asset sales program that has generated roughly $4B in proceeds and dramatically simplified the company’s operating structure by exiting from many high-risk countries. This has allowed AES to focus on the markets in which it has the greatest comparative advantage. During this period, AES has paid down approximately one-third, or $2.1B, of its parent company debt and initiated a quarterly dividend, which has grown to $0.48 per share. Andrés has overseen the largest construction program in AES’ history, with more than 5,000 MW of new power generation completed. The company has also recently completed the acquisition of sPower, the largest independent solar developer in the United States.
AES is a diversified power generation and utility company, with 35,000 MW of capacity from a mix of fuel sources, including renewables and thermal generation, and has more than 9 million distribution customers. The company recently announced a new joint venture with Siemens, Fluence. The joint venture will bring together AES’ world leading deployment of battery-based energy storage and grid stability with 208 MW in operation and 268 MW under construction, contracted or in advanced stage development with Siemens’ global scale. Under Andrés’ leadership, first as COO and currently as CEO, AES’ operational excellence was recognized with an unprecedented five of the last nine International Edison Awards given by the Edison Electric Institute for innovation and operational improvements. Andrés established sustainability and corporate social responsibility goals that resulted in AES’ inclusion in the Dow Jones Sustainability Index for North America for the past four years and designation as one of the World’s Most Ethical Companies for four 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, the IMF 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. From 2013 to 2016, he served on President Obama’s Export Council. 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 AES Gener. He is also Chairman of the Americas Society/Council of the Americas and Director of the Edison Electric Institute.

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

Bernerd was named AES’ COO in January 2015. Responsible for AES’ global operations including more than 35,000 MW and six utilities serving tens of millions of people, Bernerd drives our businesses’ operational excellence, performance and efficiencies. He played a critical role in the implementation of AES’ five Strategic Business Units (SBUs) to further the execution of AES’ strategy by driving business performance through asset, work, revenue and sourcing management programs, replicating best practices globally and achieving world-class performance. Bernerd puts safety first and is proud that AES people and operations contractors have achieved global lost time incident rates that rank in the top 10% based on US benchmarks.

He brings proven experience in international corporate finance and business transformation for generation, transmission and distribution companies in the United States, Latin America, Africa, Europe and Asia to his role as COO. Bernerd built his capabilities through positions of increasing responsibility prior to becoming COO. Most recently, he served as CFO for AES’ Global Finance Operations. He was previously CFO for the Utilities group and for the Latin America and Africa group. Bernerd joined AES through its acquisition of La Electricidad de Caracas (EDC) where he held a number of leadership positions.

Bernerd is a Summa Cum Laude graduate of Universidad José Maria Vargas with Bachelor’s degrees in Business Administration and Public Administration, Business Management and Finance, and an MBA. He also completed the Advanced Program at Instituto de Estudios Superiores y de Administración (IESA) in Caracas. Bernerd is a member of the Boards of AES Brasiliana, AES Tietê, AES Eletropaulo, AES Gener and Indianapolis Power and Light. He also serves as a member of the Board of Directors of privately held AES companies.

Bernerd Da Santos , , EVP and Chief Operating Officer , , Executive Vice President and Chief Operating Officer (COO)

Paul heads the company’s legal department and ethics and compliance efforts as Senior Vice President and General Counsel. Prior to assuming his current role, Paul served in several positions at AES, including Chief of Staff to the CEO, Assistant General Counsel and General Counsel, North America Generation. Paul is a member of the boards of IPALCO, AES U.S. Investments, DP&L and Fluence. He is also an alternate Director at AES Gener. Prior to joining AES, Paul was Chief Counsel for credit programs at the U.S. Agency for International Development and he previously worked as an associate at the law firms of White & Case and Freshfields. Paul received a BA from Columbia University and a JD from the Georgetown University Law Center.

Paul Freedman , , Senior Vice President and General Counsel , , Senior Vice President and General Counsel

At AES, our people are our energy and Tish works to ensure that our people around the world are energized by what they do and developing to their fullest potential. Her leadership in this area was recognized in 2014 with the designation of Top 10 Breakaway Leader in HR by Evanta.

Since joining AES in 2006, Tish has served in a number of leadership roles in Human Resources as Vice President of Utilities Human Resources and Vice President of Global Compensation, Benefits and HRIS, including Executive Compensation. Tish gained Human Resources leadership experience in the financial services and technology industries including JP Morgan Chase and Vastera, Inc, a former technology and managed services company.

Tish studied management, leadership, organizational development and human resources through programs at Villanova University, Strayer University, University of Maryland University College and University of Virginia’s Darden School of Business. She earned certificates in leadership and human resource management and a Bachelor’s degree in Business Administration and Human Resources. She serves as Chair of AES’ compensation and benefits committee. Tish is co-chair of Evanta Global HR, serving on the Washington, DC governing body.

Tish Mendoza , , Senior Vice President, Human Resources and Business Services, and Chief Human Resources Officer , , Senior Vice President, Human Resources and Business Services, and Chief Human Resources Officer

As AES accelerates a cleaner energy future, Leo leads the design and execution of AES’ global strategy, oversees the company’s growth investments, manages all global risk management functions and heads a unit to incubate new businesses with the potential to become transformative, high growth platforms.
Leo previously served as the Chief Financial Officer for AES’ Europe Strategic Business Unit, managing businesses in Europe, Central Asia and the Middle East. In his 12 years with AES, he has held numerous leadership positions at both the corporate and business levels. Leo managed mergers, acquisitions, divestments, sell-downs, material contract negotiations and restructurings throughout AES’ global portfolio, leading transactions in the US, Central and South America, Europe, Africa and Asia. At AES Brazil, he ran teams in charge of strategy, financial planning, risk management and investment analysis. Leo worked for Ernst & Young prior to joining AES.
Leo has a degree in Business Administration from Universidade Federal de Minas Gerais, Brazil, and has completed executive business and leadership programs at the London Business School, Georgetown University and University of Virginia.

Leonardo Moreno , , Senior Vice President, Corporate Strategy & Investment and Chief Risk Officer , , Senior Vice President, Corporate Strategy & Investment and Chief Risk Officer

One of our goals is to increase our value to our shareholders and Tom is responsible for driving, tracking and reporting the company’s financial position as well as managing our outreach to investors. Tom also leads our efforts to build partnerships, evaluate acquisitions, align our portfolio where we have competitive advantages and mitigate risk. Through Tom’s leadership, AES recorded a number of new financings at $5.2B and $1.9B from partnerships in 2014.

Tom brought diverse experience in the financial services industry and power sector to AES. He served as an advisor in the power and utility sector for private equity firm The Blackstone Group prior to joining AES. As CFO for PSEG, a $30B asset company with a diverse portfolio of USA and international utility and merchant power businesses, he led the company through a significant transformation. Tom began his career as an investment banker at Morgan Stanley in the Global Power and Utility Group, ultimately becoming Managing Director and the Head of North American Power.

Tom attended Northwestern University on a full tennis scholarship and graduated with a BA in Economics, and earned an MBA in Finance at the University of Chicago. He is Chairman of the Board of IPALCO. Tom also serves as the Chairman of the Institute for Sustainability and Energy at Northwestern University (ISEN) and is on the Board of the New Jersey Performing Arts Center.

Thomas O'Flynn , , EVP and Chief Financial Officer , , Executive Vice President and Chief Financial Officer (CFO)

Gustavo was named AES’ Deputy CFO in February 2018. As Deputy CFO, Gustavo leads the finance functional areas of Financial Planning and Analysis, Treasury, Tax and Accounting and oversees finance for AES’ Strategic Business Units.
Prior to his current role, Gustavo served as CFO for AES’ Mexico, Central America and the Caribbean Strategic Business Unit from December 2014 to February 2018 and various leadership roles including CFO at AES Brazil from 2009 to 2014. Gustavo serves on the boards of IPALCO, AES Panama and EnerAB.
Before joining AES, Gustavo was Vice President of Strategy and M&A for Citigroup in London and New York after joining the bank in Brazil. He began his career at KPMG and rose to the level of Senior Auditor.
Gustavo received a Bachelor’s degree in Economics from Universidade Federal de Minas Gerais and a Master’s degree in Economics and Finance from Fundação Getulio Vargas. He also participated in development programs in Finance, Strategy and Risk Management at New York University, University of Virginia’s Darden School of Business and Georgetown University.

Gustavo Pimenta , , Deputy Chief Financial Officer (CFO) , , Deputy Chief Financial Officer (CFO)