COLUMBUS, Ohio - American Electric Power (NASDAQ:AEP) today announced the appointment of Chris Brathwaite as vice president and chief communications officer. Brathwaite will report directly to Phil Ulrich, executive vice president and chief human resources officer, and will oversee a broad range of communication disciplines within the company.
Brathwaite's responsibilities include managing enterprise-wide employee and external communications, reputation management, policy communications, marketing, brand management, digital communications, social media, analytics, and creative services. His role is pivotal in maintaining effective communication channels with customers, employees, and other stakeholders as AEP navigates the evolving energy industry.
With a career spanning various industries, Brathwaite brings a wealth of experience to AEP. He recently held the position of senior vice president and chief communications officer at Tenneco, a global automotive components manufacturer. His prior roles include significant communications leadership positions at Sears Holdings Corporation and media relations management at United Airlines and State Farm Insurance. Additionally, Brathwaite has a background in journalism, which began with his tenure as a news reporter and anchor for WJBC/WBNQ radio in Illinois.
Phil Ulrich commented on Brathwaite's appointment, highlighting his track record and expertise in leading communications strategies for large organizations. Brathwaite expressed his enthusiasm for joining AEP, emphasizing the opportunity to engage with various stakeholders and share the company's commitment to investing in new technologies and infrastructure.
American Electric Power, headquartered in Columbus, Ohio, is recognized for its extensive transmission and distribution network, serving 5.6 million customers across 11 states. AEP is also noted for its substantial generating capacity, including a significant portion of renewable energy. The company is currently investing $43 billion to enhance grid reliability and is working towards ambitious carbon dioxide emission reduction targets.
This news is based on a press release statement from American Electric Power.
InvestingPro Insights
In light of American Electric Power's (NASDAQ:AEP) recent executive appointment, it's worth considering the company's financial health and market performance to understand its position within the industry. AEP has shown a commitment to consistent shareholder returns, as evidenced by a 3.84% dividend yield and a history of maintaining dividend payments for 54 consecutive years. This dedication is further highlighted by a 6.02% increase in dividend growth over the last twelve months as of Q1 2023.
From a market perspective, AEP is trading near its 52-week high, with the price at 99.47% of this peak. The company's stock has also experienced a strong return over the last three months, with a total return of 17.43%. These metrics reflect a positive investor sentiment and a robust performance in the recent period.
InvestingPro Tips suggest that while AEP operates with a significant debt burden, the company has been profitable over the last twelve months and analysts have revised their earnings upwards for the upcoming period. For those looking to delve deeper into AEP's financials and future prospects, there are additional insights available. InvestingPro offers more tips to subscribers, and by using the coupon code PRONEWS24, readers can get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
With Brathwaite at the helm of communications, AEP appears well-positioned to continue its legacy of strong shareholder returns and strategic growth in the energy sector. His expertise in stakeholder engagement may prove invaluable as the company continues to invest in new technologies and infrastructure, with an eye towards sustainability and reliability.
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