AES Corp. names ValueAct CEO Jeffrey Ubben to board
The AES Corporation announced that Jeffrey Ubben, Founder and CEO of ValueAct Capital, has been appointed to AES' Board of Directors, effective immediately. This appointment is a continuation of the company's efforts to create shareholder value. "We are delighted to welcome Jeff to AES' Board. Jeff's exceptional investment management track record and extensive public market experience will further enhance our expertise and strength," said Charles Rossotti, AES Chairman. "We remain committed to enhancing shareholder returns and we believe that Jeff will make a significant contribution to that end in an increasingly dynamic global energy market that is demanding innovative solutions."