AES Appoints Sanjeev Addala Chief Information Digital Officer
October 09 2018 - 8:00AM
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.
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The AES CorporationInvestor Contact:Ahmed Pasha
703-682-6451orMedia Contact:Amy Ackerman 703-682-6399
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