AEP Named a 2020 Women on Boards Winning Company

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Mar 09, 2020, 13:43 ET

COLUMBUS, Ohio, March 9, 2020 /PRNewswire/ -- American Electric Power (NYSE: AEP) has been recognized by 2020 Women on Boards as a Winning "W" Company for the third consecutive year. The recognition is given to Russell 3000 companies whose boards have 20% or more seats held by women. AEP's 14-member board includes four women, or 28%.

"AEP is fortunate to have four women on our board whose valuable opinions and expertise help guide our company," said Nicholas K. Akins, AEP chairman, president and chief executive officer. "We appreciate being recognized for our commitment to board diversity. Beyond our leadership, diversity and inclusion are priorities throughout the company, and AEP strives to create a culture that encourages everyone to leverage their unique perspectives to best serve our customers and communities."

2020 Women on Boards is a non-profit grassroots campaign committed to increasing the percentage of women who serve on company boards to 20% or greater by 2020. In 2019, the organization reached its goal with women holding 20.4% of corporate board seats in Russell 3000 companies.

AEP also was included for the second consecutive year in the 2019 Bloomberg Gender-Equality Index for its commitment to gender reporting and advancing women's equality. AEP is a member of Paradigm for Parity®, a coalition of employers committed to promoting gender parity, and a signatory of the CEO Action for Diversity & Inclusion pledge.

American Electric Power, based in Columbus, Ohio, is focused on building a smarter energy infrastructure and delivering new technologies and custom energy solutions to our customers. AEP's approximately 18,000 employees operate and maintain the nation's largest electricity transmission system and more than 219,000 miles of distribution lines to efficiently deliver safe, reliable power to nearly 5.4 million regulated customers in 11 states. AEP also is one of the nation's largest electricity producers with approximately 31,000 megawatts of diverse generating capacity, including more than 5,200 megawatts of renewable energy. AEP's family of companies includes utilities AEP Ohio, AEP Texas, Appalachian Power (in Virginia and West Virginia), AEP Appalachian Power (in Tennessee), Indiana Michigan Power, Kentucky Power, Public Service Company of Oklahoma, and Southwestern Electric Power Company (in Arkansas, Louisiana, east Texas and the Texas Panhandle). AEP also owns AEP Energy, AEP Energy Partners, AEP OnSite Partners, and AEP Renewables, which provide innovative competitive energy solutions nationwide. For more information, visit aep.com.

SOURCE American Electric Power