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    Andrés R. Gluski

    President and Chief Executive Officer at AES Corp
    Since September 2011
    Age
    66 years
    Education
    Holds a bachelor's degree from Wake Forest University (magna cum laude) and both an M.A. and a Ph.D. in Economics from the University of Virginia.
    Tenure
    Joined AES in 2000 and advanced from roles as Regional President of Latin America and Senior Vice President for the Caribbean and Central America to Executive Vice President and Chief Operating Officer (2007–2011), before assuming the current role as President and CEO in September 2011.

    Also at AES Corp

    BDS
    Bernerd Da Santos
    Executive Vice President and President of the Renewables Strategic Business Unit
    JIR
    Juan Ignacio Rubiolo
    Executive Vice President and President of the Energy Infrastructure SBU
    PLF
    Paul L. Freedman
    Executive Vice President, General Counsel, and Corporate Secretary

    About

    Andrés R. Gluski has built a broad and impactful career in the energy sector over more than two decades. His journey at AES reflects a steady progression of leadership responsibilities that have played a key role in transforming the company into a recognized global leader in clean energy technologies, including renewable power and energy storage.

    Over the years, he has spearheaded multiple strategic initiatives that have driven significant milestones at AES, such as securing major power purchase agreements and expanding the company’s renewable energy portfolio. His leadership has not only enhanced corporate growth but also reinforced AES's commitment to sustainable energy solutions.

    Beyond his operational achievements at AES, his influence extends to industry-wide initiatives and governance roles, including serving on various boards and committees. These roles underscore his broader contributions to the advancement of clean technologies and the promotion of international business leadership.

    $AES Performance Under Andrés R. Gluski

    Past Roles

    Organization Role Date Range Details
    AES Executive Vice President and Chief Operating Officer 2007 to 2011 Promoted to CEO later
    AES Regional President for Latin America 2006 to 2007
    AES Senior Vice President for the Caribbean and Central America 2003 to 2006
    La Electricidad de Caracas (EDC) CEO 2002 to 2003
    AES Gener (Chile) CEO 2001
    Telecommunications and Banking Industry Senior Position Before joining AES Held senior roles prior to AES
    International Monetary Fund Senior Position Before joining AES Held senior roles
    Ministry of Finance of Venezuela Senior Position Before joining AES Held senior roles

    External Roles

    Organization Role Date Range
    Waste Management, Inc. Board Member Since January 2015
    Council of the Americas/Americas Society Chairman Since 2015

    Fixed Compensation

    Data from  FY 2023
    Component NameAmountPayment ScheduleAdditional Details
    Base Salary$1,241,000Annual salaryFixed annual salary; unchanged since 2021.
    Company Contributions to RSRP$285,282Credited during 2023Contributions to the Restoration Supplemental Retirement Plan.
    Aggregate Earnings in RSRP$445,317Earned in 2023Investment earnings credited during 2023 based on participant selections.
    Aggregate Balance in RSRP at Year-End$8,763,017Year-end balanceTotal balance including contributions and earnings as of December 31, 2023.

    Performance Compensation

    Data from  FY 2023

    Performance Share Units (PSUs)

    MetricValueAdditional Details
    Grant DateFeb 24, 2023
    Grant Date Fair Value$3,127,324
    Target Shares123,512 PSUs
    Maximum Shares247,024 PSUs200% of target
    Vesting ScheduleFeb 24, 2026Vesting occurs at the end of a 3-year performance period (Jan 1, 2023 – Dec 31, 2025) and subject to continued service
    Performance MetricsEnvironmental & Social GoalsModifier of up to ±15% (Environmental: 7.5% weight; Social: 7.5% weight)

    Performance Cash Units (PCUs)

    MetricValueAdditional Details
    Grant DateFeb 24, 2023
    Grant Date Fair Value$3,583,909
    Threshold Value$2,606,100
    Target Value$5,212,200
    Maximum Value$10,424,400
    Vesting ScheduleThree installments on Dec 31 each yearOver a 3-year period (Jan 1, 2023 – Dec 31, 2025)
    Performance MetricsTotal Shareholder Return (TSR)Based on relative performance to: S&P 500 Utilities Index (50%), S&P 500 (25%), MSCI Latin America Emerging Markets Index (25%)
    Grant Date Stock Price$1.00 per unitValuation based on AES common stock methodology

    Restricted Stock Units (RSUs)

    MetricValueAdditional Details
    Grant DateFeb 24, 2023
    Grant Date Fair Value$2,084,874
    Grant Date Stock Price$22.33Based on closing price on grant date
    Threshold Shares69,990
    Target Shares82,341
    Maximum Shares94,692
    Vesting ScheduleFeb 24, 2024; Feb 24, 2025; Feb 24, 2026Vesting in 3 equal tranches; third tranche subject to performance modifier
    Performance MetricsEnvironmental & Social GoalsModifier up to ±15% on the third tranche (Environmental: ±15% at 7.5% weight; Social: ±15% at 7.5% weight)

    Non-Equity Incentive Plan Compensation

    MetricValueAdditional Details
    Actual Incentive Award$2,364,105127% of target payout based on the 2023 Corporate Performance Score
    Target Annual Incentive150% of base salaryBased on AES 2023 Performance Incentive Plan
    Threshold$0
    Target Value$1,861,500
    Maximum Value$3,723,000
    Evaluation MetricsParent FCF, Green Growth, New Business ModelsPerformance measured over 2023 with score ranges from 50% to 200%