Inside INdiana Business

Indianapolis Power & Light names new CEO

(photo courtesy of The AES Corp.)

INDIANAPOLIS (Inside INdiana Business) – Indianapolis Power & Light Co. has a leader. IPL parent The AES Corp. (NYSE: AES) has named Kristina Lund president of U.S. Utilities, which includes the roles of president and chief executive officer of both IPL and Dayton Power & Light Co. in Ohio.

Lund has worked at AES for nearly 15 years, most recently serving as chief product officer for carbon free energy. Prior to that, she served as a regional chief financial officer.

“The team’s hard work over the past several years laid a strong foundation for IPL’s future, and we will innovate with new products and solutions to meet our customers’ changing energy needs,” said Lund. “I am excited to lead IPL during this pivotal time as we deliver on a $1.2 billion plan to modernize our grid which improves reliability and customer experience.”

Lisa Krueger, president of AES US, will become executive chairman of the board of IPL and its holding company, IPALCO, as well as DP&L and its holding company, DPL Inc.

“Kristina’s spirit of innovation and focus on customer insights makes her uniquely qualified to lead IPL as we invest in transformational digital solutions that create additional customer value,” said Krueger. “Our customers, our people and the communities we serve will benefit from Kristina’s leadership in providing personalized and sustainable energy services that will improve lives.”