Ken Zagzebski named SVP of AES and President and CEO of AES Indiana

August 15, 2023

The AES Corporation (NYSE: AES) has named Ken Zagzebski SVP of AES, President and CEO of AES Indiana and Chairman of the AES Indiana Board. Ahmed Pasha, who recently served as acting President and CEO will continue as the US Utilities CFO. 

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Zagzebski’s extensive utility experience will provide a seamless transition for the utility and continued focus on delivering affordable, reliable and sustainable solutions to customers.

“I am rejoining AES Indiana at a time where there is tremendous opportunity ahead of us to serve our customers in more personalized, reliable and sustainable ways,” said Ken Zagzebski, President and CEO, AES Indiana. “While I’ve worked in AES markets across the country, Indiana has remained my home. I look forward to working alongside our team to meet our customers’ expectations as we accelerate the energy transition happening here in our state.”

A resident of Central Indiana, Zagzebski joined AES in 2007. He has served in a variety of leadership roles, including as President of Indianapolis Power & Light (now AES Indiana) and Dayton Power and Light (now AES Ohio). Prior to this post, he served as Chief Operating Officer for AES’ US Renewables business. 

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About AES 

The AES Corporation (NYSE: AES) is a Fortune 500 global energy company accelerating the future of energy. Together with our many stakeholders, we’re improving lives by delivering the greener, smarter energy solutions the world needs. Our diverse workforce is committed to continuous innovation and operational excellence, while partnering with our customers on their strategic energy transitions and continuing to meet their energy needs today.  For more information, visit www.aes.com.  

About AES Indiana

AES Indiana, an AES Company, provides retail electric service to more than 500,000 residential, commercial and industrial customers in Indianapolis, as well as portions of other Central Indiana communities surrounding Marion County. During its long history, AES Indiana has supplied its customers with some of the lowest-cost, most reliable power in the country. Connect with AES Indiana on Twitter, Facebook and LinkedIn. To learn more about how AES Indiana is accelerating the future of energy, visit aesindiana.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 expectations regarding 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 the execution of PPAs, conversion of our backlog and growth investments at normalized investment levels, rates of return consistent with prior experience and the COVID-19 pandemic. 

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’ 2022 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, except where required by law. 

Any Stockholder who desires a copy of the Company’s 2022 Annual Report on Form 10-K filed March 1, 2023 with the SEC may obtain a copy (excluding the exhibits thereto) 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 Annual Report on Form 10-K may be obtained by visiting the Company’s website at www.aes.com. 

Website Disclosure 

AES uses its website, including its quarterly updates, as channels of distribution of Company information. The information AES posts through these channels may be deemed material. Accordingly, investors should monitor our website, in addition to following AES’ press releases, quarterly SEC filings and public conference calls and webcasts. In addition, you may automatically receive e-mail alerts and other information about AES when you enroll your e-mail address by visiting the “Subscribe to Alerts” page of AES’ Investors website. The contents of AES’ website, including its quarterly updates, are not, however, incorporated by reference into this release