American Electric Power (AEP) has named Trevor Mihalik executive vice president and chief financial officer effective Jan. 20. He will succeed Chuck Zebula, who will serve as senior advisor to the chief executive officer before retiring in March. Mihalik’s previous experience includes roles as group president, CFO, controller and chief accounting officer at Sempra of California. He will report to Bill Fehrman, AEP president and chief executive officer.
Mihalik will be responsible for AEP’s accounting and tax, treasury and risk, internal audit, corporate planning and budgeting, investor relations, procurement, supply chain, strategy, and corporate regulatory functions.
AEP is the parent company of Indiana Michigan Power, Southwest Michigan’s electric utility, and the owner of the Donald C. Cook Nuclear Power Plant at Bridgman, one of the region’s major employers.
“As the demand for energy increases, AEP is committed to delivering on our promises to regulators, customers and investors by improving our operating performance and executing our multibillion-dollar capital plan,” Fehrman said. “Trevor’s diverse background of experience, deep industry knowledge and energetic leadership style will help us achieve these strategic goals. He is a proven leader who immediately will add tremendous strength and focus to our senior leadership team as well as our internal succession planning. We look forward to having Trevor on the team and leveraging his insights to deliver results for our regulators, customers and shareholders.”
“AEP is a leader in the utility space and has robust long-term growth potential,” Mihalik said. “I am grateful for this opportunity to join a dynamic team focused on positioning the company for future success, and I am committed to continuing this momentum to create value for all our stakeholders.”
“Chuck has been a tremendous leader at AEP for more than 25 years and has brought value and expertise to every role he has taken on. His steady leadership will be missed, and we are thankful he will serve in an advisor role until his expected retirement in March to ensure a smooth transition,” Fehrman said.
Mihalik has worked in the energy industry for more than 34 years and has extensive experience in finance, enterprise risk and business operations. He most recently served as the group president of Sempra, where he was responsible for all aspects of the company’s San Diego Gas and Electric and Southern California Gas Company subsidiaries. He held several leadership roles in Sempra’s finance organization during his more than 12 years with the company, including executive vice president and chief financial officer and senior vice president, controller and chief accounting officer. Prior to joining Sempra, Mihalik led the finance teams of Iberdrola Renewables Holdings, Inc., Chevron Natural Gas and Bridgeline Holdings, L.P., a joint venture owned by Chevron and Targa Resources. He began his career with PricewaterhouseCoopers in their assurance business.
He chairs the finance committee for the board of directors of the WD-40 Company. Mihalik received his bachelor’s degree in accounting from Creighton University and his master’s degree in business administration from Rice University. He is a certified public accountant in the state of Texas.
