press-release-details

Press Release Details

AES Appoints Sanjeev Addala Chief Information Digital Officer

Oct 09, 2018

ARLINGTON, Va.--(BUSINESS WIRE)-- The AES Corporation (NYSE: AES) today announced the appointment of Sanjeev Addala to the newly created position of Chief Information Digital Officer (CIDO). Addala joins AES from GE Renewable Energy, where he served as Chief Digital Officer since 2016.

“We are very pleased to welcome Sanjeev to AES’ Senior Management Team,” said Andrés Gluski, AES President and Chief Executive Officer. “His role in leading Caterpillar’s successful digitalization and business innovation efforts, and recent digital thought leadership and experience with GE Renewable Energy, make him the ideal candidate to accelerate AES’ efforts to become a leader in new technologies, including solar, energy storage, drones and digitalization.”

“I look forward to working closely with Sanjeev to achieve the next level in AES’ transformation to the most efficient operator and manager in our sector. Among other things, digitalization will improve our back-office operations, predictive maintenance and commercialization,” said Bernerd Da Santos, AES Executive Vice President and Chief Operating Officer. “We have done a lot of work to prepare the company for digitalization, including the strategic investment this year in Simple Energy, the leading provider of utility-branded online energy efficiency marketplaces and customer engagement software for US utilities.”

“AES is already a recognized leader in applying new technologies and I am excited to bring my deep knowledge and experience in digital transformation and innovation to AES,” said Sanjeev Addala, AES Senior Vice President and Chief Information Digital Officer.

Prior to joining GE, Addala was Chief Digital Officer at Caterpillar from 2013 to 2015 and Chief Information Officer, Americas, Climate Control Technologies at Ingersoll-Rand from 2008 to 2013. He also previously held business and technology leadership roles at General Motors.

About AES

The AES Corporation (NYSE: AES) is a Fortune 500 global power company. We provide affordable, sustainable energy to 15 countries through our diverse portfolio of distribution businesses as well as thermal and renewable generation facilities. Our workforce is committed to operational excellence and meeting the world’s changing power needs. Our 2017 revenues were $11 billion and we own and manage $33 billion in total assets. To learn more, please visit www.aes.com. Follow AES on Twitter @TheAESCorp.

AES 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 (the “SEC”), including, but not limited to, the risks discussed under Item 1A “Risk Factors” and Item 7: Management’s Discussion & Analysis in AES’ 2017 Annual Report on Form 10-K and in subsequent reports filed with the SEC. 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 2017 Annual Report on Form 10-K dated on or about February 26, 2018 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 www.aes.com.

The AES Corporation
Investor Contact:
Ahmed Pasha 703-682-6451
or
Media Contact:
Amy Ackerman 703-682-6399

Source: The AES Corporation