The AES Corp. (AES) announced that Charles Rossotti has been elected to replace Odeen as Non-Executive Chairman of the Board. Chairman Philip Odeen has retired from the Board of Directors after 10 years of service.
Commenting on Charles Rossotti, the company said that he has been a Director on the AES Board since March 2003 and serves as Chairman of the Financial Audit Committee of the Board. He also serves as a Senior Advisor with the Carlyle Group, one of the world's largest private equity firms.
Previously, Rossotti was the Commissioner of the Internal Revenue Service or IRS, where he was responsible for regulatory and financial and accounting functions for $2 trillion in annual tax revenues. Prior to joining the IRS, he was a founder of American Management Systems, Inc. or AMS, a technology and management consulting firm. He was President of AMS from 1970-1989, Chief Executive Officer from 1981 to 1993, and Chairman from 1989 to 1997, the company noted.
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