Craig Jackson, who took over executive leadership of Indianapolis Power & Light in February as part of a corporate restructuring by parent AES Corp., plans to resign at the end of the month.
AES announced Thursday that Jackson would step down as CEO of both IPL and Dayton Power and Light Co. “to spend more time with his family and begin exploring new career opportunities.” The company said it has begun a search for a successor.
Jackson became CEO of both utilities as part of a “global strategic transformation” by Arlington, Virginia-based AES that resulted in the elimination of 100 jobs at IPL.
Jackson, formerly a senior vice president based in Dayton, Ohio, replaced Rafael Sanchez, who became president and CEO of IPL in June 2016. Sanchez joined Evansville-based Old National Bank in late November as president of private banking.
Outside of a stint with another utility from 2002-2004, Jackson has been with Dayton Power & Light since 2000. AES bought DP&L in 2011.
“My thanks go out to Craig for his unwavering commitment to delivering value and superior service to our customers,” said Lisa Krueger, president of the AES U.S. region, in a written statement. “As a result of Craig’s leadership, we refocused our business strategy in DP&L and exited the generation business in Ohio. At IPL, we’ve invested over $2 billion in ‘greening’ our generation portfolio and providing reliable and affordable energy to IPL customers.”
IPL provides electric service to almost 500,000 residential, commercial and industrial customers in Indianapolis and surrounding areas.