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.”

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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.

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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.

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