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April 23, 2019

AEP Names McCarthy to Board of Directors

COLUMBUS, Ohio, April 23, 2019 – Margaret (Meg) McCarthy, executive vice president – Technology Integration, CVS Health Corp., has been elected to the American Electric Power (NYSE: AEP) Board of Directors.

McCarthy, 65, has led Technology Innovation at CVS since December 2018 supporting the company’s technology organization through a period of transition following the CVS acquisition of Aetna Inc. She was executive vice president of Technology and Operations for Aetna from 2010 through December 2018 where she oversaw information technology, service operations, information technology, global security, procurement, travel and real estate services. McCarthy also was a member of Aetna’s Executive Leadership Team and the company’s senior governing body. Before joining Aetna, she was senior vice president of Information Technology at Cigna and served as chief information officer at Catholic Health Initiatives and Franciscan Health System. McCarthy also has worked in technology consulting at Andersen Consulting (Accenture) and was a consulting partner at Ernst & Young.

 “Meg brings exceptional leadership experience in the highly regulated and competitive insurance and healthcare industries to our board, particularly expertise in information technology and cyber security. We will benefit from her unique insights as we focus on advancing new technologies, smarter energy infrastructure and enhanced service to benefit our customers,” said Nicholas K. Akins, AEP chairman, president and chief executive officer.

McCarthy earned a bachelor’s degree from Providence College in Providence, Rhode Island, and a master’s degree in public health and hospital administration from Yale University in New Haven, Connecticut. She is a U.S. Navy veteran with service in the U.S. Navy Medical Services Corps, at Bethesda Naval Hospital and as a U.S. Navy Reserves Lieutenant Commander. McCarthy also is a director for Brighthouse Financial Inc., First American Financial Corp, Marriott International, vArmour and the Financial Services Information Sharing and Analysis Center (FS-ISAC). She also is a member of the Providence College Board of Trustees. McCarthy has been recognized as one of Insurance & Technology Magazine’s “Elite 8” and Computerworld’s Top 100 leaders.

American Electric Power, based in Columbus, Ohio, is focused on building a smarter energy infrastructure and delivering new technologies and custom energy solutions to our customers. AEP’s approximately 18,000 employees operate and maintain the nation’s largest electricity transmission system and nearly 220,000 miles of distribution lines to efficiently deliver safe, reliable power to nearly 5.4 million regulated customers in 11 states. AEP also is one of the nation’s largest electricity producers with approximately 32,000 megawatts of diverse generating capacity, including more than 4,300 megawatts of renewable energy. AEP’s family of companies includes utilities AEP Ohio, AEP Texas, Appalachian Power (in Virginia and West Virginia), AEP Appalachian Power (in Tennessee), Indiana Michigan Power, Kentucky Power, Public Service Company of Oklahoma, and Southwestern Electric Power Company (in Arkansas, Louisiana, east Texas and the Texas Panhandle). AEP also owns AEP Energy, AEP Energy Partners, AEP OnSite Partners, and AEP Renewables, which provide innovative competitive energy solutions nationwide.

 

MEDIA CONTACT:                                    ANALYSTS CONTACT:

Melissa McHenry                                                        Bette Jo Rozsa

Managing Director, External Communications           Managing Director, Investor Relations

614/716-1120                                                              614/716-2840

 

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