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AES Executive Derek Porter Named President Of DPL Inc. And The Dayton Power And Light Company

Stocks in this article: AES

Derek Porter, an executive of The AES Corporation (AES) for five years, has been named president of DPL Inc. (DPL) and The Dayton Power and Light Company (DP&L). Most recently Porter served as country manager in Panama where he led the country’s largest electricity generator operating five hydroelectric plants.

Phil Herrington will remain CEO of DPL and The Dayton Power and Light Company. He will assume additional responsibilities as chief operating officer of AES’ U.S. Strategic Business Unit including Competitive Generation which operates and manages AES generating assets in the U.S.

Porter, who assumes his new role at DPL and DP&L immediately, will lead the companies’ day-to-day operations including local service operations, customer service, regulatory, legislative and community efforts in Ohio.

“Derek has extensive domestic and international experience in the energy industry,” said Ken Zagzebski, president of AES’ U.S. Strategic Business Unit. “He will be very active in the Dayton and surrounding communities in west central Ohio, bringing his in-depth knowledge of the current industry issues and his passion to partner with community leaders.”

Prior to leading operations in Panama, Porter served as director of Business Development for North America at AES’s corporate headquarters in Arlington, Virginia. He has more than 20 years of experience in the power generation sector with a focus on projects with environmental benefits.

Additionally, Porter served as managing director at the start-up Greenhouse Gas Services, a joint venture between General Electric and AES. His previous experience also included leadership roles with Covanta Energy in operations, environmental, business, finance and external affairs.

He earned his bachelor of science degree in chemical engineering from Cornell University. Porter and his family will relocate to the Dayton area from Panama this year. He will continue DPL’s practice of executive involvement in issues and organizations critical to the future of the Miami Valley region.

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