AEP Announces Sara Martinez Tucker's Resignation as Chair and William J. Fehrman's Appointment as New Chair

Sara Martinez Tucker has resigned as Chair of American Electric Power's Board of Directors, effective July 31, 2025, citing personal reasons. She will continue as an independent Lead Director, and William J. Fehrman will assume the role of Chair on August 1, 2025. Tucker's resignation marks a significant leadership transition for the company.

American Electric Power Company, Inc. (AEP) has announced significant changes to its board leadership, effective July 31, 2025. Sara Martinez Tucker, the current Chair of the Board, will step down from her position for personal reasons. She will continue to serve on the board as an independent Lead Director, effective August 1, 2025 [1].

William J. Fehrman, who has been a member of the board since August 2024 and currently serves as the company's Chief Executive Officer and President, has been elected to assume the role of Chair on August 1, 2025. This transition marks a shift from an independent Chair structure to a Lead-Director model, combining the CEO and Chair positions [2].

The resignation of Ms. Tucker and the subsequent election of Mr. Fehrman do not indicate any disagreements with the company's operations, policies, or practices. The move aims to ensure continuity in leadership and governance [1].

In addition to the board leadership changes, American Electric Power has reported 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 [1].

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. The company has also announced new leadership appointments, with Rob Berntsen and Johannes Eckert taking on executive roles in legal and technology, respectively. American Electric Power's subsidiary, AEP Transmission, has secured $425 million in senior notes, facilitated by major financial institutions [1].

These developments reflect ongoing efforts by American Electric Power to strengthen its financial and operational standing. The company's focus on strategic leadership transitions and financial stability underscores its commitment to long-term growth and investor confidence [1].

References:
[1] https://www.investing.com/news/sec-filings/american-electric-power-names-william-j-fehrman-as-board-chair-sara-martinez-tucker-to-become-lead-director-93CH-4148414
[2] https://www.stocktitan.net/sec-filings/AEP/8-k-american-electric-power-company-inc-reports-material-event-447ff4451217.html