Arlington, Va., USA - April 22, 2013, Arlington, Va., USA - The AES Corporation, a power company, announced that chairman Philip A. Odeen has retired and Charles Rossotti has been appointed as non-executive chairman.
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Mr. Odeen has been a Director of AES since May 1, 2003, and has served as Chairman of the Board and Lead Independent Director since January 2008. He also serves as Chairman of the Compensation Committee and a member of the Finance and Investment Committee of the Board. He has more than 40 years of experience.
Mr. Odeen was Non-Executive Chairmanship for Convergys Corporation, a Non-Executive Chairman for Avaya, and a Non-Executive Chairman for Reynolds and Reynolds Company. He was also Chairman/CEO of TRW, and prior to this he was President and Chief Executive Officer of BDM, which TRW acquired in 1997. He was also a Senior Consulting Partner with Coopers & Lybrand and served as Vice Chairman, management consulting service. He was also a Vice President of the Wilson Sporting Goods Company.
Mr. Odeen has served in senior positions with the Office of the Secretary of Defense and the National Security Council staff, and has served on the boards of community organizations. He graduated with a BA from the University of South Dakota, where he was a member of Phi Beta Kappa and a Fulbright Scholar to the United Kingdom. He earned an MA from the University of Wisconsin.
Mr. Rossotti has been a Director on the AES Board since March 2003 and serves as Chairman of the Financial Audit Committee of the Board. He also serves as a Senior Advisor with the Carlyle Group, one of the world's largest private equity firms. Previously, he was the Commissioner of the Internal Revenue Service (IRS).
Prior to joining the IRS, Mr. Rossotti was a founder of American Management Systems, Inc. (AMS), a technology and management consulting firm. He was President of AMS from 1970-1989, Chief Executive Officer from 1981 to 1993, and Chairman from 1989 to 1997. In addition to AES, he served on the Board of Directors of Bank of America, Booz Allen Hamilton and several Carlyle-backed private companies.
He graduated magna cum laude from Georgetown University and received an MBA with high distinction from Harvard Business School.
The company also announced that former Executive Director of the World Bank, Moises Naim, has joined its board of directors.
Mr. Naim is the Senior Associate in the International Economics Program at the Carnegie Endowment for International Peace and has served in that role from June 2010 to present. He was Venezuela's Minister of Industry and Trade and Director of Venezuela's Central Bank in the early 1990s and an Executive Director of the World Bank in the early 1990s. He serves on the Global Advisors group for Mars, the largest private company in the United States.
Mr. Naim has been a member of the board of directors of FEMSA (Fomento Económico Mexicano, S.A.B. de C.V.). For 14 years he served as Editor in Chief for Foreign Policy magazine (first, at The Carnegie Endowment for International Peace and subsequently, at The Washington Post Company). ■