Indianapolis Power & Light Co. is cutting 100 jobs in Indiana and getting a new president and CEO under a corporate restructuring by parent AES Corp.
The utility announced the moves Monday evening as part of a global strategic transformation.
Under the restructuring, Craig Jackson will assume the role of president and CEO of both IPL and sister company Dayton Power & Light. Both are subsidiaries of AES, based in Arlington, Virginia. The announcement did not say where he would be based. He was formerly a senior vice president based in Dayton, Ohio.
The announcement made no mention of Rafael Sanchez, who is apparently leaving the company. Sanchez became president and CEO of IPL in June 2016, following a four-month apprenticeship a…
Read the full article at: https://www.ibj.com/articles/67396-ipl-cuts-100-jobs-in-indiana-gets-new-presidentceo-under-corporate-restructuring