Press release
AEP Names Matthew Fransen Treasurer
COLUMBUS, Ohio, Oct. 24, 2024 /PRNewswire/ -- American Electric Power (Nasdaq: AEP) has named Matthew Fransen senior vice president, Finance and Treasurer,
About this update from American Electric Power Company, Inc.
[{"type":"text","content":"COLUMBUS, Ohio, Oct. 24, 2024 /PRNewswire/ -- American Electric Power (Nasdaq: AEP) has named Matthew Fransen senior vice president, Finance and Treasurer, effective Dec. 1. He will succeed Julie Sherwood, who is retiring after 20 years with the company. Fransen will report to Chuck Zebula, executive vice president and chief financial officer.\nFransen will be responsible for all elements of the finance and treasury function including working with banking institutions, investors and rating agencies to support AEP's capital market needs; cash flow management and forecasting; development of capitalization strategy and monitoring of key credit metrics; and management of AEP's trusts and investments. He also will lead management of various corporate risks, including markets, credit and insurance.\n\"AEP's investments in a reliable, modern energy system to deliver more value and affordable energy to customers require a strong connection to capital markets,\" Zebula said. \"Matt's financial acumen paired with his expertise in corporate strategy will serve us well as AEP increases capital spend to support growth in our footprint and across the country.\"\n\"Julie has done an exceptional job managing our cash flow strategy and strengthening our relationships with industry stakeholders in the capital markets,\" Zebula said. \"Her leadership and institutional knowledge were impactful in making the needed investments to build the energy system of the future. We wish Julie all the best in the future.\"\nFransen currently is vice president, New Generation Resource Development, and leads AEP's efforts to integrate renewable assets into its portfolio. He has held various roles in renewable energy development, including vice president, Renewable Development and Investment of AEP Renewables, a former subsidiary of AEP. Fransen also was a managing director in AEP's strategic initiatives group and a manager in the company's treasury organization. Prior to joining AEP, he held various roles with Bank One Corporation.\nFransen received his bachelor's and master's degree in business administration from the Ohio State University.\nAbout AEPAt American Electric Power, based in Columbus, Ohio, we understand that our customers and communities depend on safe, reliable and affordable power. Our nearly 16,000 employees operate and maintain more than 40,000 ...