Gustavo “Guga” Garavaglia named as CFO of US Utilities, including AES Indiana

INDIANAPOLIS, Feb. 06, 2024 – The AES Corporation (NYSE: AES) has named Gustavo “Guga” Garavaglia, CFO of US Utilities, including AES Indiana and AES Ohio.

Garavaglia is an impactful and trusted leader who previously spent 12 years with AES, delivering strong financial performance and strengthening the finance team and culture. He was instrumental in helping to negotiate and sign key renewables transactions in Indiana. The company sustainability commitments include adding up to 1,300 megawatts (MW) of wind, solar and battery energy storage from new procurements in the next five years.

“We are thrilled to welcome back Guga to the AES family as he is a proven leader focused on improving outcomes for our people, our customers, and our community,” said Ken Zagzebski, President, AES Utilities.  Guga strengthens our leadership team during a time when we are making major investments, improving reliability for our customers and converting to a more sustainable generation fleet.”

Garavaglia worked in various markets during his AES career including Panama and Brazil, while also helping to support the Dominican Republic, Mexico, El Salvador and Puerto Rico. In 2020, he was named CFO of the Year by the Indianapolis Business Journal.


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