Vincent Parisi has been named president of U.S. Utilities for the AES Corp., a global power company.

In this role, he will serve as president and CEO of two of AES's subsidiaries, Indianapolis Power & Light Company (IPL) and The Dayton Power and Light Company (DP&L), reports Daily Energy Insider.

"We are pleased to have someone of Vince's caliber join us at the helm of IPL and DP&L," Lisa Krueger, president of AES United States Strategic Business Unit, said. "His knowledge of the Midwest utilities industry, combined with his strong focus on serving customers, will allow us to continue to provide reliable, affordable and smarter power to our customers today while preparing for the energy future."

Parisi will take the role effective June 3.

Source: Daily Energy Insider