AES promotes investment chair to CFO

Arlington-based Fortune 500 energy company The AES Corp. announced Tuesday it had promoted Stephen Coughlin to executive vice president and chief financial officer, effective Oct. 15.

Coughlin most recently led AES’ corporate strategy and financial planning groups and served as chair of the company’s investment committee. Before that, he was the CEO of Fluence, AES’ energy storage joint venture with Siemens. Coughlin has been with AES since 2007, when he joined the finance team of the then-AES wind generation organization.

“Steve Coughlin brings a wealth of clean energy and finance experience that will serve us incredibly well.  We are thrilled that he will be joining the senior leadership team,” AES President and CEO Andrés Gluski said in a statement.

Coughlin holds a bachelor’s degree in commerce and finance from the University of Virginia and a master’s degree in business administration from the University of California at Berkeley.

He succeeds Gustavo Pimenta, who join Brazilian mining company Vale S.A. as CFO.

“I am proud to have contributed to AES’ transformation to one of the leading companies for innovation in the sector,” Pimenta said in a statement. “It was a pleasure to work with such a talented team, and I see AES as positioned for great success in the future.”

AES reported $9.66 billion in 2020 revenue and employs more than 10,500 people worldwide. It generates and distributes electricity in 15 nations across North America, South America, Europe and Asia.