The AES Corporation (NYSE: AES) today announced the appointment of Mark Woodruff as Executive Vice President and President of AES’s Asia and Middle East region and Ahmed Pasha as Vice President of Investor Relations.
Woodruff will lead AES’s businesses in Asia and the Middle East, which include businesses in China, India, Oman, Pakistan, Qatar and Sri Lanka. He will report to AES Chief Operating Officer, Andres Gluski. Woodruff has been with AES since 1991 and most recently held the position of Vice President of business development in North America and Group Manager for the western North America region. Woodruff has held various positions at AES in general management, business development, and engineering and construction management, including leadership positions at AES businesses in southern California and Hawaii. Prior to AES, Woodruff held management positions at Delmarva Power & Light Company and served as General Manager of Burney Forest Products, an integrated sawmill and wood-fired cogeneration facility in California.
“Mark has been a strong leader for AES, heading up our businesses in western North America and our business development activities for the entire North America region. He most recently completed the acquisition of two new power plants in Mexico, which doubled our generation capacity there,” said Gluski. “We see a tremendous amount of growth opportunity in Asia and the Middle East and Mark has the operational and business development experience needed to help us achieve our growth goals in this fast-growing region.”
Pasha has been with AES since 1995. Prior to his new role, he served as Managing Director of Corporate Finance where he was responsible for funding growth capital, maintaining parent liquidity, monitoring debt compliance and managing corporate bank and rating agency relationships. Prior to that, Pasha served three years in AES’s Investor Relations group as Manager of Investor Relations from 2002 to 2004, and eight years in business development and operations at AES businesses in Asia, Europe and the United States.
“We are pleased to have a person of Ahmed’s experience and talent leading investor relations at AES,” said Victoria Harker, AES Executive Vice President and Chief Financial Officer. “We look forward to his continued contributions to AES in his return to IR in this position.”
About AES
AES is one of the world's largest global power companies, with 2005 revenues of $11 billion. With operations in 26 countries on five continents, AES's generation and distribution facilities have the capacity to serve 100 million people worldwide. Our 14 regulated utilities amassed 2005 annual sales of over 82,000 GWh and our 123 generation facilities have the capacity to generate more than 44,000 megawatts. Our global workforce of 30,000 people is committed to operational excellence and meeting the world's growing power needs. To learn more about AES, please visit www.aes.com or contact AES media relations at media@aes.com.
Safe Harbor Disclosure
This news release contains forward-looking statements within the meaning of the Securities Act of 1933 and of the Securities Exchange Act of 1934. Such forward-looking statements include, but are not limited to, those related to future earnings, growth and financial and operating performance. Forward-looking statements are not intended to be a guarantee of future results, but instead constitute AES's current expectations based on reasonable assumptions. Forecasted financial information is based on certain material assumptions. These assumptions include, but are not limited to, continued normal levels of operating performance and electricity demand at our distribution companies and operational performance at our contract generation businesses consistent with historical levels, as well as achievements of planned productivity improvements and incremental growth investments at normalized investment levels and rates of return consistent with prior experience. Actual results could differ materially from those projected in our forward-looking statements due to risks, uncertainties and other factors. Important factors that could affect actual results are discussed in AES's filings with the Securities and Exchange Commission, including, but not limited to, the risks discussed under Item 1A "Risk Factors" in AES's 2005 Annual Report on Form 10-K. Investors and other interested parties are encouraged to read AES's filings to learn more about the risk factors associated with AES's business. AES undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
