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4-Traders Homepage  >  Equities  >  Nyse  >  AES Corp    AES

AES CORP (AES)
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The AES Corporation : AES Executive Phil Herrington Named President and CEO of DPL Inc.

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03/05/2012 | 11:10pm CEST

DPL Inc. is the parent company of Dayton Power and Light

Phil Herrington has been named president and CEO of DPL Inc. Herrington currently serves as president of Global Wind Generation for The AES Corporation where he is responsible for the development, operations and asset management of AES' worldwide wind generation portfolio. He will assume his new role at DPL later this month.

"Phil brings more than 20 years of proven leadership skills in the energy industry. He has successfully managed a wide range of operations, commercial activities and development efforts throughout his career," said Andy Vesey, AES executive vice president and chief operating officer, Global Utilities. "Phil's expertise makes him a great addition to the DPL organization, and to my team."

Prior to joining AES, Herrington held a number of leadership positions for nearly 20 years with Edison Mission Group (EMG), a subsidiary of Edison International. EMG is a global energy company based in California which runs competitive power generation businesses with assets in coal, natural gas and wind, as well as energy marketing and trading operations. Before that Herrington was a project manager with Monsanto Chemical Company's engineering group in St. Louis. He also served in the U.S. Navy as a submarine officer.

Herrington and his family will relocate to the Dayton area from Alexandria, Va. this year and he will continue DPL's practice of executive involvement in issues and organizations critical to the future of the Miami Valley region.

About DPL

DPL Inc. is a regional energy company. DPL's principal subsidiaries include The Dayton Power and Light Company (DP&L), DPL Energy, LLC (DPLE) and DPL Energy Resources, Inc. (DPLER), which also does business as DP&L Energy. The Dayton Power and Light Company, a regulated electric utility, provides service to over 500,000 retail customers in West Central Ohio; DPLE engages in the operation of merchant peaking generation facilities; and DPLER is a competitive retail electric supplier. DPL Inc., through its subsidiaries, owns and operates approximately 3,800 megawatts of generation capacity, of which 2,800 megawatts are coal-fired units and 1,000 megawatts are natural gas and diesel peaking units. Further information can be found at www.dplinc.com.

DPL Inc. was acquired by The AES Corporation (NYSE: AES) in 2011. AES is a Fortune 200 global power company with generation and distribution businesses. Through a diverse portfolio of thermal and renewable fuel sources, AES provides affordable and sustainable energy to 27 countries. Its workforce of approximately 28,000 people is committed to operational excellence and meeting the world's changing power needs. AES' 2011 revenues were $17 billion and it owns and manages $45 billion in total assets. To learn more, please visit www.aes.com.

DPL Inc.
DPL Medialine, 937-224-5940
[email protected]


© Business Wire 2012
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Financials ($)
Sales 2017 14 116 M
EBIT 2017 2 559 M
Net income 2017 580 M
Debt 2017 20 318 M
Yield 2017 4,34%
P/E ratio 2017 13,89
P/E ratio 2018 12,34
EV / Sales 2017 1,96x
EV / Sales 2018 1,98x
Capitalization 7 335 M
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Mean consensus OUTPERFORM
Number of Analysts 10
Average target price 13,3 $
Spread / Average Target 19%
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Andrés Ricardo Gluski Weilert President, Chief Executive Officer & Director
Charles O. Rossotti Chairman
Bernerd Raymond da Santos Ávila Chief Operating Officer & Senior Vice President
Thomas M. O'Flynn Chief Financial Officer & Executive Vice President
Philip Lader Independent Director
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