The AES Corporation
04/16/2026 | Press release | Distributed by Public on 04/16/2026 05:00
Management Change/Compensation (Form 8-K)
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Transition of Chief Accounting Officer and Appointment of Controller
On April 14, 2026, The AES Corporation (the "Company" or "AES") and Sherry Kohan mutually determined that Ms. Kohan will cease to serve in her role as Senior Vice President and Chief Accounting Officer of the Company, effective May 7, 2026 (the "Effective Date"), and that she will assume the position of Chief Financial Officer of AES' U.S. Utilities business, effective as of the Effective Date.
On April 14, 2026, the Board of Directors (the "Board") of the Company appointed Aubrey Jarred to serve as Vice President and Controller of AES, and designated her as the Company's principal accounting officer, effective on the Effective Date. Ms. Jarred, age 40, has served as Managing Director, Technical Accounting Services of AES since 2022. In this role, she has overseen global technical accounting and internal control functions, supporting AES' financial integrity and compliance across its international operations. Prior to that, she held a series of leadership roles at LKQ Corporation, an auto parts and services supplier, for over nine years, from 2013 to 2022. During her tenure at LKQ Corporation, she led corporate financial reporting and technical accounting, supported strategic initiatives across Europe-including an international assignment in Munich, Germany-and ultimately served as Head of Consolidations, Reporting, and Accounting Policy for LKQ Europe, the company's largest segment. She began her career at KPMG LLP, where she spent five years in audit, advancing to Audit Manager and serving clients across a diverse range of industries, including pharmaceuticals, media, manufacturing, advertising, technology, and investment management. She graduated magna cum laude from the University of Notre Dame with a dual major in Accounting and Spanish.
There are no family relationships, as defined in Item 401(d) of Regulation S-K, between Ms. Jarred and any of the Company's directors or executive officers, or persons nominated or chosen to become a director or an executive officer of AES. There is no arrangement or understanding between Ms. Jarred and any other person pursuant to which she was selected as the Company's Vice President and Controller. Ms. Jarred does not have any direct or indirect material interest in any transaction or proposed transaction required to be disclosed under Item 404(a) of Regulation S-K.
In connection with her appointment as the Company's Vice President and Controller, the Board approved the following compensation arrangements for Ms. Jarred:
• Annual base salary of $315,000;
• Annual performance incentive plan target opportunity of 50% of base salary, which will be subject to pre-established performance targets; and
• Annual long-term compensation target opportunity of $189,000, which will be subject to pre-established performance goals and service based vesting conditions).
Ms. Jarred will continue to be eligible for benefits similar to those of other current AES executives, including, without limitation, participation in the Company's health, welfare, retirement, and relocation benefits, and Amended and Restated Executive Severance Plan. In addition, the Company will enter into its standard form of Director and Officer Indemnification Agreement with Ms. Jarred.
Transition of Officer
On April 15, 2026, the Company and Bernerd Da Santos mutually determined that Mr. Da Santos will cease to serve in his role as the Company's Executive Vice President and President of US & Renewables on April 16, 2026. He has been appointed to serve as the Chairman of the AES Clean Energy Board and Senior Strategic Advisor to the President of the Company, effective April 16, 2026.
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