COLUMBUS, Ohio, June 2 /PRNewswire-FirstCall/ -- American Electric
Power (NYSE: AEP) has named Richard E. Munczinski senior vice president --
shared services, according to Michael G. Morris, AEP's chairman, president
and chief executive officer.
In his new position, Munczinski, 56, will report to Carl L. English,
AEP's chief operating officer, and have responsibility for information
technology, human resources and business logistics. He replaces Stephen P.
Smith, who is leaving AEP to become chief financial officer for NiSource
Inc. Munczinski is currently AEP's senior vice president -- corporate
planning and budgeting.
Lonni L. Dieck, 49, currently vice president -- RTO and public policy,
will replace Munczinski as senior vice president -- corporate planning and
budgeting, reporting to Holly K. Koeppel, chief financial officer. Dieck
will be responsible for corporate strategy development; oversight of
financial planning, budgeting and reporting; fundamental analysis; and
integrated resource planning functions for the AEP system.
Munczinski and Dieck will assume their new positions on June 1.
"Rich has developed a wealth of knowledge about all areas of AEP during
his years heading our planning and budgeting group," Morris said. "Planning
and budgeting and the shared services functions each touch all of AEP's
operations, so Rich will be able to put that knowledge to work in his new
position, ensuring that shared services best meets the needs of its
internal customers.
"Lonni has held a number of positions in recent years that aligned
closely with the planning and budgeting responsibilities that have prepared
her for these new responsibilities," Morris said.
Munczinski has been senior vice president -- corporate planning and
budgeting since 1998. He joined AEP in 1978 in the project engineering
department and transferred to corporate planning and budgeting in 1982. He
became director of rate case management in 1992 and vice president --
regulatory services in 1996. During this period, he led the regulatory
approval process for AEP's merger with Central and South West Corp.
Munczinski earned a bachelor's degree in electrical engineering and a
master's degree in management science from Stevens Institute of Technology
in Hoboken, N.J. He is a member of the Institute of Electrical and
Electronics Engineers.
Dieck has been vice president -- RTO and public policy, since 2007.
Dieck joined AEP in 1991 as a senior treasury staff accountant and held a
number of positions in accounting before being named director -- strategic
analysis-projects, where she coordinated corporate and business
unit-specific strategic initiatives and served as project manager for
several integration and divestiture activities. She was then named vice
president -- commercial business services, followed by vice president --
regulatory case management before assuming her current position in 2007.
Dieck earned a bachelor's degree in accounting from Bowling Green State
University in Bowling Green, Ohio.
American Electric Power is one of the largest electric utilities in the
United States, delivering electricity to more than 5 million customers in
11 states. AEP ranks among the nation's largest generators of electricity,
owning nearly 38,000 megawatts of generating capacity in the U.S. AEP also
owns the nation's largest electricity transmission system, a nearly
39,000-mile network that includes more 765 kilovolt extra-high voltage
transmission lines than all other U.S. transmission systems combined. AEP's
transmission system directly or indirectly serves about 10 percent of the
electricity demand in the Eastern Interconnection, the interconnected
transmission system that covers 38 eastern and central U.S. states and
eastern Canada, and approximately 11 percent of the electricity demand in
ERCOT, the transmission system that covers much of Texas. AEP's utility
units operate as 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 and east Texas). AEP's
headquarters are in Columbus, Ohio.
SOURCE American Electric Power
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Related links:
http://www.aep.com
http://www.prnewswire.com/comp/042050.html/
CONTACT:
Pat D. Hemlepp, Director, Corporate Media
Relations, +1-614-716-1620, or Bette Jo Rozsa, Managing Director,
Investor Relations, +1-614-716-2840, both of American Electric
Power
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