American Electric Power announced that Benjamin Fowke III, a member of the company’s board and the former chairman and CEO of Xcel Energy, has been appointed interim CEO and president, effective immediately. Fowke succeeds Julie Sloat. The board determined, based on discussions with Sloat, that it is time to identify a new CEO to lead the company’s next chapter. This decision was not a result of any disagreement with Sloat regarding AEP‘s operations, policies or financial performance, and was not made for cause or related to any ethical or compliance concern.
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