Item 5.02 Departure of Directors or Certain Officers; Election of Directors;

Appointment of Certain Officers; Compensatory Arrangements of Certain

Officers.

Departure of Chief Financial Officer

On September 20, 2021, Gustavo Pimenta, Executive Vice President and Chief Financial Officer of The AES Corporation (the "Company"), notified the Company of his decision to resign from his position to join Vale S.A. as its Chief Financial Officer. Mr. Pimenta will continue to serve as the Company's Executive Vice President and Chief Financial Officer through October 14, 2021 and will serve as Executive Vice President thereafter until his departure on November 1, 2021.

Appointment of Chief Financial Officer

On September 21, 2021, the Board of Directors (the "Board") of the Company appointed Stephen Coughlin to serve as the Company's Executive Vice President and Chief Financial Officer, effective October 15, 2021. Mr. Coughlin, age 50, currently serves as the Vice President, Corporate Strategy and Financial Planning & Analysis of the Company and has held such position since September 2020. Prior to his current role, Mr. Coughlin previously served as Vice President, Financial Planning & Analysis and Global Finance Operations of the Company from May 2020 through August 2020, the founding Chief Executive Officer of Fluence, the Company's joint venture with Siemens, from 2018 through April 2020, Vice President, Energy Storage Platforms of the Company from 2016 through 2017 and Vice President, Corporate Strategy & Investments of the Company from 2014 through 2016.

There are no family relationships, as defined in Item 401(d) of Regulation S-K, between Mr. Coughlin and any of the Company's directors or executive officers, or persons nominated or chosen to become a director or an executive officer. There is no arrangement or understanding between Mr. Coughlin and any other person pursuant to which he was selected as the Company's Executive Vice President and Chief Financial Officer. Mr. Coughlin 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. There were no material changes made to Mr. Coughlin's compensatory arrangements, or awards granted, in connection with his appointment as the Company's Executive Vice President and Chief Financial Officer.

A copy of the Company's press release announcing the appointment of Mr. Coughlin to serve as Executive Vice President and Chief Financial Officer commencing on October 15, 2021 and Mr. Pimenta's departure from the Company is attached hereto as Exhibit 99.1.

Item 9.01 Financial Statements and Exhibits.




(d) Exhibits



Exhibit No.       Description

99.1                Press Release issued by The AES Corporation, dated
                  September 21, 2021

104               Cover Page Interactive Data File (embedded within the Inline XBRL
                  document)




                                       2

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