DP&L owner to cut 160 jobs and appoint new CEO


AES Corp. will cut 60 Ohio jobs and 100 Indiana jobs — including some Dayton jobs — in a corporate restructuring of its two subsidiaries, Dayton Power & Light and Indianapolis Power & Light Company (IPL), the company said Monday.

AES said the “organizational and structural changes … will position both companies to operate more efficiently and continue to provide safe, reliable and affordable energy solutions for their customers.”

RELATED: Opponents say Senate bill would raise DP&L rates

The AES announcement did not say where the job cuts will fall. A spokeswoman Monday evening declined to say exactly where the cuts in Ohio will happen, but she said they will happen in more than one location “in the next few weeks.”

“Some of these impacts will be at our headquarters at Dayton,” said Brandi Davis-Handy, a spokeswoman for AES.

“AES will align their structure and reshape the workforce, resulting in the reduction of approximately 100 jobs in Indiana and 60 jobs in Ohio by the second quarter of this year,” the company said in its statement.

RELATEDDP&L will move local jobs to Argentina

As part of the new structure, Craig Jackson will assume the role of president and chief executive for both IPL and DP&L on March 31, AES said.

Tom Raga, former DP&L CEO, will take on a new role as executive vice president of DPL Inc. “He is still with the company, and he will continue to focus on the company’s strategy,” Davis-Handy said.

Jackson has served as chief financial officer for IPL and DP&L for the past five years.

Ken Zagzebski will assume the role of executive chairman of the board of IPL and its holding company, IPALCO, as well as for DP&L and its holding company DPL Inc.

Zagzebski will be the interim CEO for IPL until Jackson assumes this role, AES said.

“While these changes are difficult, they will allow us to improve efficiency and continue modernizing our infrastructure while maintaining affordable electricity for our customers,” Zagzebski said in the company’s statement. “This transformation will enhance our performance, and support investments in new energy solutions that will make a positive economic contribution to both Indianapolis and Dayton.”

Virginia-based AES Corp. acquired DP&L in April 2011. 



Reader Comments ...


Next Up in Business

Ex-Googler turns mom's money into a billion dollars
Ex-Googler turns mom's money into a billion dollars

After Steven Yang left his coveted job at Google, he asked his mother whether he should take venture-capital money to fund his business idea. » RELATED: Do you have the new Gmail? Google’s email gets massive redesign If his online consumer-electronics enterprise was a risky bet, she told him, go with the venture capitalists. But if...
Dayton company focused on new material looking to expand
Dayton company focused on new material looking to expand

A business pushing the limits of a new material is looking for a fourth Dayton building, new employees and relationships with global companies. And companies concerned about exploding cell phone batteries are looking to this Dayton business for answers. Global Graphene Group — also known as “G3” — is the holding company for...
This is the most dangerous day of the week to drive
This is the most dangerous day of the week to drive

Despite several years of steady declines, deadly vehicle crashes are on the rise, according to the most recent data from the National Highway Traffic Safety Administration.           » RELATED: Metro Atlanta drivers pay some of nation's highest costs The safest day to be on the road: Tuesday....
Starbucks’ racial-bias training will be costly, but could pay off in the long run
Starbucks’ racial-bias training will be costly, but could pay off in the long run

As Starbucks prepares to close stores for racial-bias training next week, the coffee giant will not only be confronting a difficult and emotional issue, but will incur some hefty expenses in the process.           » RELATED: Black men arrested at Starbucks settle for...
Premier sets closing date for Atrium Medical Center ER in Mason
Premier sets closing date for Atrium Medical Center ER in Mason

The Atrium Medical Center emergency department in Mason will close in July to make way for a Premier Health Urgent Care Center. The ER will shut down at 7 p.m. July 7, according to a release from Premier Health, which announced in April it would convert the ER space to an urgent care center to serve the Mason and Deerfield Twp. communities. Conditions...
More Stories