AEP Appoints Charles E. Zebula Chief Financial Officer; Company Reaffirms 2023 Operating Earnings Guidance Range Of $5.19-$5.39 Per Share, Long-Term Growth Rate Of 6%-7% And FFO/Debt Target Of 14%-15%
Portfolio Pulse from Benzinga Newsdesk
American Electric Power (AEP) has appointed Charles E. Zebula as its new CFO, effective immediately. Zebula, who previously served as AEP's executive vice president, Portfolio Optimization, replaces Ann P. Kelly. The company also reaffirmed its 2023 operating earnings guidance range of $5.19 to $5.39 per share, long-term growth rate of 6% to 7%, and FFO/Debt target of 14% to 15%.
October 02, 2023 | 12:04 pm
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Charles E. Zebula's appointment as CFO and the reaffirmation of the 2023 earnings guidance could potentially boost investor confidence in AEP.
The appointment of a new CFO, especially one with a deep understanding of the company and its strategic initiatives, is often seen as a positive sign by investors. Additionally, the reaffirmation of the 2023 earnings guidance indicates that the company is confident in its financial outlook, which could also be seen positively by investors.
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