The AES Corporation announced a reorganization as part of its ongoing strategy to simplify its portfolio, optimize its cost structure and reduce its carbon intensity. Reflecting AES' simplified portfolio, the company is consolidating its five Strategic Business Unit structure and will now manage its global operations and infrastructure activities under Executive Vice President and Chief Operating Officer, Bernerd Da Santos. The company also has reorganized its growth and commercial activities into three new units.

These units will be led by three existing executives and they are, Executive Vice President and Chief Financial Officer, Tom O'Flynn will continue in his current role and assume additional responsibility for leading the US Renewables growth unit; Manuel Pérez Dubuc will lead a consolidated South America growth unit that includes Argentina, Brazil, Chile and Colombia; and Juan Ignacio Rubiolo will lead the Mexico, Central America and the Caribbean growth unit. The new leaner organizational structure reflects the simplification of the company's portfolio and cumulative investments in IT, and will result in a lower headcount and overhead costs. This initiative supports the company's objectives of achieving investment grade metrics by 2019 and delivering attractive returns.

The new organizational structure will also accelerate the application of new technologies in AES' existing businesses.