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Stock impact report

Former Berkshire Hathaway Energy Executive Named New AEP CEO [Financial Post (Toronto, Ontario, Canada)]

American Electric Power Company, Inc. (AEP) 
Last american electric power company, inc. earnings: 2/20 06:57 am Check Earnings Report
US:NYSE Investor Relations: aep.com/investors
Company Research Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — American Electric Power Co. selected utility veteran Bill Fehrman as its new chief executive after abruptly firing its head earlier this year. Fehrman, 63, will join AEP on Aug. 1 after just seven months leading Centuri Holdings, an infrastructure services business. He formerly served as president and chief executive officer of Warren Buffett's Berkshire Hathaway Energy Co. Article content Even though Fehrman is a longtime energy executive,“he wasn't CEO of Centuri for very long, so it's a little unusual to see this kind of move,” said Paul Patterson, a utility analyst for Glenrock Associates LLC. AEP shares were unchanged in late trading following the news. AEP fired Julie Sloat in February after 14 months in the utility owner's top job. Earlier that month, billionaire activist investor Carl Icahn reached an agreement to add two directors to th Show less Read more
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