INDIANAPOLIS (Oct. 29, 2020) — Indianapolis Power & Light Company (IPL), a subsidiary of The AES Corporation (NYSE: AES), announces Kristina Lund has been named president and CEO of the utility, which serves approximately 500,000 customers throughout central Indiana.

“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 Lisa Krueger, president of AES US. “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.”

Lund and her senior leadership team will have overall responsibility to provide safe, reliable and affordable electric service to over 1 million customers served by IPL and Dayton Power & Light (DP&L), as she is president of the US Utilities for AES, with headquarters in Indianapolis.

Krueger, who has been deeply involved in developing the strategic plans for both utilities over the past two years, 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. Krueger also leads strategic growth plans across the US, including AES Clean Energy, which delivers greener, smarter energy solutions the world needs.

Lund is a senior energy executive with a nearly 15-year tenure at AES. Most recently she was Chief Product Officer for carbon free energy, and prior to that role, Lund served as a regional Chief Financial Officer. She led financial affairs and execution for AES businesses in 13 countries that represented more than $10 billion in assets. As Vice President, Corporate Strategy and Investment, Lund developed the company’s strategy and facilitated its Investment Committee, which determines AES’ global investment priorities.

“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.”