, /PRNewswire/ — American Electric Power (Nasdaq: AEP) has named Matthew Fransen senior vice president, Finance and Treasurer, effective Dec. 1. He will succeed Julie Sherwood, who is retiring after 20 years with the company. Fransen will report to Chuck Zebula, executive vice president and chief financial officer.
Fransen will be responsible for all elements of the finance and treasury function including working with banking institutions, investors and rating agencies to support AEP’s capital market needs; cash flow management and forecasting; development of capitalization strategy and monitoring of key credit metrics; and management of AEP’s trusts and investments. He also will lead management of various corporate risks, including markets, credit and insurance.
“AEP’s investments in a reliable, modern energy system to deliver more value and affordable energy to customers require a strong connection to capital markets,” Zebula said. “Matt’s financial acumen paired with his expertise in corporate strategy will serve us well as AEP increases capital spend to …