E. LINN DRAPER JR. ELECTED CHAIRMAN, CHIEF EXECUTIVE BY AMERICAN ELECTRIC POWER COMPANY BOARD OF DIRECTORS
ASHLAND, Ky., April 28 /PRNewswire/ -- The board of directors has elected Dr. E. Linn Draper Jr. chairman and chief executive officer of American Electric Power Company, Inc. (NYSE: AEP). He succeeds Richard E. Disbrow, who retires at the end of April after 39 years with AEP. Draper, 51, will remain president of AEP. Draper also becomes chairman and chief executive officer of American Electric Power Service Corporation, the management and technology arm of the company, and he retains the posts of president and chief operating officer of AEP Service Corp. "Under Linn Draper's leadership, we will continue our commitment to achieving the highest level of reliability and efficiency. We will do this with the lowest environmental impact and lowest long-term cost to all our customers, whose needs and wants must be recognized even better in the future," Disbrow told shareowners at AEP's annual meeting here today. "American Electric Power will respond well to the new challenges of the energy industry," Draper said. "As a low-cost competitor, AEP will make great strides in an era of increased market competition. "In their homes, shops and factories, our customers will benefit from our low cost structure, our dedication to efficiency and our expertise in energy technologies." Draper joined AEP in March 1992 after 13 years with Gulf States Utilities Company in Beaumont, Texas, where he served as chairman, president and chief executive officer, as well as a series of other positions in nuclear technology and management of external affairs and production. Prior to joining Gulf States, he had served on the faculty and administration at the University of Texas as an associate professor and director of the Nuclear Engineering Program. Draper holds a bachelor of arts degree from Rice University, a bachelor of science degree in chemical engineering from the same institution, and a doctorate in nuclear science and engineering from Cornell University. He is a registered professional engineer in the state of Texas. In February 1992, Draper was elected a member of the National Academy of Engineering, one of the highest distinctions for a professional engineer. He is a past director of the Edison Electric Institute. He is a past president and former member of the board of directors of the American Nuclear Society.
He is a member of the board of directors of the U. S. Council for Energy Awareness and Pacific Nuclear Systems, Inc.
In addition, he has also been a member of the board of directors of the Texas Commerce Bank - Beaumont, and Southeast Texas, Inc., as well as a member of the Lamar University Board of Regents and the University of Texas Engineering Foundation Council. He presently serves as a member of the board of directors and the executive committee of the Nuclear Management and Resources Council. He has also served as chairman of the Utility Nuclear Waste Management Group, a consortium of 43 electric utilities. Draper has edited books on nuclear power and the engineering aspects of fusion reactors and has written many major technical papers. He has been a frequent speaker on behalf of industry groups such as the Edison Electric Institute and the Atomic Industrial Forum. -0- 4/28/93 /CONTACT: Luke M. Feck, Senior Vice President-Public Affairs, American Electric Power, 614-223-1650/ (AEP)
CO: American Electric Power ST: Ohio IN: UTI SU: PER
BM -- CL006 -- 2011 04/28/93 12:11 EDT
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|Date:||Apr 28, 1993|
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