American Electric Power names William J. Fehrman as board chair, Sara Martinez Tucker to become lead director

American Electric Power Company, Inc. (NASDAQ:AEP), a $58.85 billion utility giant currently trading near its 52-week high of $110.51, announced changes to its board leadership this week, according to a statement released in a regulatory filing.

On Tuesday, Sara Martinez Tucker notified the board that she will step down as chair of the board, effective July 31. The company stated that Ms. Tucker is resigning from the chair role for personal reasons and not due to any disagreement with the company regarding its operations, policies, or practices. She will remain on the board and has been elected to serve as independent lead director beginning August 1.

The board has elected William J. Fehrman to serve as chair of the board, effective August 1. Mr. Fehrman has been a member of the board since August 2024 and currently serves as the company’s chief executive officer and president.

American Electric Power is incorporated in New York and is headquartered in Columbus (WA:CLC), Ohio. Its common stock is listed on the NASDAQ Stock Market under the symbol AEP.

This information is based on a statement provided in an SEC filing.

In other recent news, American Electric Power announced a quarterly dividend of 93 cents per share, payable to shareholders on September 10, 2025. BofA Securities has adjusted its price target for American Electric Power to $114.00 from $117.00, maintaining a Buy rating on the stock. This adjustment reflects updated earnings per share estimates for the second quarter of 2025, which BofA projects at $1.28 compared to a consensus estimate of $1.21. S&P Global Ratings has revised the outlook for American Electric Power to stable from negative, citing the company’s improving financial performance despite a substantial capital spending plan. Additionally, American Electric Power has announced new leadership appointments, with Rob Berntsen and Johannes Eckert taking on executive roles in legal and technology, respectively. The company also reported that its subsidiary, AEP Transmission, has secured $425 million in senior notes, facilitated by major financial institutions. This move is part of the company’s broader financial strategy, as detailed in a recent SEC filing. These developments reflect ongoing efforts by American Electric Power to strengthen its financial and operational standing.

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