press-release-details

Press Release Details

AES Reappoints Ahmed Pasha Vice President of Investor Relations

Nov 04, 2011

ARLINGTON, Va., Nov 04, 2011 -- The AES Corporation (NYSE: AES) today announced the appointment of Ahmed Pasha as Vice President of Investor Relations, replacing Joel Abramson who has been promoted to Chief Financial Officer of Generation.

"Ahmed's deep experience in investor relations will be invaluable as we execute our strategy and create value for our shareholders," said Victoria D. Harker, Executive Vice President, Chief Financial Officer and President of Global Business Services. "At the same time, we want to thank Joel for his outstanding work with the investor relations program, and look forward to him taking on a broader leadership role in our new organizational structure."

Pasha will be coming back from Singapore where he led the finance group as Chief Financial Officer of AES' Asia operations. Since joining AES in 1995, Pasha has made important contributions in a number of roles, including nine years in business development in Asia and Europe and two years in corporate finance. Pasha also served as head of investor relations for four years.

Abramson joined AES in 1995. His tenure with the Company includes seven years in business development in Asia, the United States and Latin America. Abramson also spearheaded AES' Portfolio Management group, where he led a number of complex transactions for the Company over the past six years. For the past year, in addition to running Portfolio Management, he has been serving as Vice President of Investor Relations, where he developed and executed the Company's investor communications for key initiatives, such as the strategy of geographic concentration and the acquisition of Dayton Power & Light Company.

About AES

The AES Corporation (NYSE: AES) is a Fortune 200 global power company. We provide affordable, sustainable energy to 27 countries through our diverse portfolio of distribution businesses as well as thermal and renewable generation facilities. Our workforce of 29,000 people is committed to operational excellence and meeting the world's changing power needs. Our 2010 revenues were $17 billion and we own and manage $41 billion in total assets. To learn more, please visit http://www.aes.com.

Safe Harbor Disclosure

This news release contains forward-looking statements within the meaning of the Securities Act of 1933 and of the Securities Exchange Act of 1934. Such forward-looking statements include, but are not limited to, those related to future earnings, growth and financial and operating performance. Forward-looking statements are not intended to be a guarantee of future results, but instead constitute AES' current expectations based on reasonable assumptions. Forecasted financial information is based on certain material assumptions. These assumptions include, but are not limited to, our accurate projections of future interest rates, commodity price and foreign currency pricing, continued normal levels of operating performance and electricity volume at our distribution companies and operational performance at our generation businesses consistent with historical levels, as well as achievements of planned productivity improvements and incremental growth investments at normalized investment levels and rates of return consistent with prior experience.

Actual results could differ materially from those projected in our forward-looking statements due to risks, uncertainties and other factors. Important factors that could affect actual results are discussed in AES' filings with the Securities and Exchange Commission, including, but not limited to, the risks discussed under Item 1A "Risk Factors" in AES' 2010 Annual Report on Form 10-K and its Form 10-Q for the periods ended March 31, 2011 and September 30, 2011. Readers are encouraged to read AES' filings to learn more about the risk factors associated with AES' business. AES undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Any Stockholder who desires a copy of the Company's 2010 Annual Report on Form 10-K dated on or about February 25, 2011 with the SEC may obtain a copy (excluding Exhibits) without charge by addressing a request to the Office of the Corporate Secretary, The AES Corporation, 4300 Wilson Boulevard, Arlington, Virginia 22203. Exhibits also may be requested, but a charge equal to the reproduction cost thereof will be made. A copy of the Form 10-K may be obtained by visiting the Company's website at http://www.aes.com.

SOURCE: The AES Corporation

AES
Investor Contact:
Ahmed Pasha, 703-682-6451
or
Media Contact:
Rich Bulger, 703-682-6318