Joseph G. Sauvage, retired vice chairman and chairman of Global Power, Utilities and Renewables of Citigroup, was elected to the American Electric Power Board of Directors.
Sauvage led Citigroup’s Global Power, Utilities and Renewables practice for more than 16 years. Prior to joining Citigroup, he held various investment banking roles at Lehman Brothers, including vice chairman and global head of Power, Utilities and Renewables. Sauvage served as a vice chairman of the Wall Street Advisory Group and was a member of the executive committee for the Electric Power Research Institute Advisory Council.
“AEP strives to achieve a mix of directors with skills and experience that align with the company’s long-term strategy,” said Sara Martinez Tucker, chairman of the AEP Board of Directors. “Joe’s deep understanding of the opportunities facing our industry, as well as his insight into complex capital raises and market dynamics, will bring a valuable perspective to the Board.”
“Joe’s strategic and financial expertise will be helpful as we invest in a reliable, modern energy system to serve our customers and support once-in-a-generation load growth,” said AEP President and Chief Executive Officer Bill Fehrman. “We are grateful to have Joe on the Board and welcome his guidance.”
Donna James did not stand for re-election to the Board of Directors for personal reasons.
“We thank Donna for her leadership and contributions to the company and wish her all the best moving forward,” Tucker said.
Discover the latest trends and insights—explore the Business Insights Journal for up-to-date strategies and industry breakthroughs!
