Andrew Vesey served as the CEO of AES Corporation, an essential player in the global energy market, during 2014. He has an engineering background with a degree from the University of Melbourne, which shaped his technical approach to leadership. In...

Andrew Vesey served as the CEO of AES Corporation, an essential player in the global energy market, during 2014. He has an engineering background with a degree from the University of Melbourne, which shaped his technical approach to leadership. In 2014, during his brief tenure, his total compensation reached about $2.46 million, which mainly consisted of salary and stock options. Notably, Mr. Vesey's impact on AES was seen in the company's strategic decisions, focusing on performance metrics like Adjusted EPS and Free Cash Flow. Interestingly, his time at AES came to an end in December 2014, but before that, he resigned as the Executive Vice President and Chief Operating Officer, further emphasizing his complex journey in the energy sector. During his time, he also engaged in insider trading, making significant moves that peaked at a value of approximately $40 million in stocks by late 2022. These insights reveal the financial dynamics and decisions at play during his career, highlighting the challenges and complexities faced by executives today.

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1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other AES CEOs

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Andrew Vesey

Ex-CEO of AES

Education

Bachelor's degree in Engineering from the University of Melbourne

Field of Expertise

Technology & Engineering - Engineering

Sector of Economy

Utilities

Born

January 1, 1964 - 61 years ago

CEO of AES for

0 years 11 months (Jan 2014 - Dec 2014)

Previous Experience

Executive Vice President and COO of AES

Rivals

Competitors/colleagues of Andrew Vesey

Holdings

See how much did Andrew Vesey make over time.

Andrew Vesey's stock holdings give an insight into his financial strategies while leading AES Corporation. His highest reported insider trading activity occurred in late 2022, peaking at about $40.14M in December. These substantial fluctuations in stock value reflect his strategic...

Andrew Vesey's stock holdings give an insight into his financial strategies while leading AES Corporation. His highest reported insider trading activity occurred in late 2022, peaking at about $40.14M in December. These substantial fluctuations in stock value reflect his strategic decisions and market conditions during and after his tenure, although he faced a decline later, reaching a low of $22.31M by April 2020. This suggests that his wealth was closely linked to the performance of AES and the broader energy market, which can be unpredictable. His trading patterns indicate a proactive approach and perhaps a sign of confidence in the company’s future direction during peak trading periods.

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Insider Trading

See recent insider trades of Andrew Vesey.

No insider trades found for this CEO.

Compensation History

See how much did Andrew Vesey make over time.

In 2014, Andrew Vesey's total compensation at AES Corporation was approximately $2.46 million. This included a base salary of $650,000 and a notable portion allocated to stock options and performance stock units. He received about $1.27 million from vested stock based on the company's performance metrics, which connected directly to AES's financial health during his time. However, he was not entitled to bonuses under the company's performance incentive plan due to his early departure in December 2014. The structure of his compensation underscores a performance-focused approach typical in the energy sector. His compensation package aimed to align his interests with shareholders, albeit his tenure was short and ended with his resignation, leaving questions about the long-term outcomes of his strategies.

Year

2014

Total Compensation

$2.02M

Salary

$650.00K

Board Justification

The compensation philosophy emphasizes pay-for-performance, aligning executive compensation with the interests of stockholders, and targeting total compensation at the size-adjusted 50th percentile of survey data based on revenue size and industry.

Bonus

$0.00

Board Justification

Mr. Vesey was not entitled to a payment under the Performance Incentive Plan due to his separation from the Company prior to the payment date.

Other

$99.78K

Board Justification

Includes Company contributions to both qualified and non-qualified defined contribution retirement plans.

Restricted Stock

$1.27M(122.18K Performance Stock Units)

Board Justification

Performance stock units that vested based on the achievement of the Company’s cumulative EBITDA less CapEx target for the 2012-2014 period, with 48.7% of the target number of shares vesting in 2014.

Performance Metrics

Performance metrics include Adjusted EPS, Proportional Free Cash Flow, and Operational Key Performance Indicators, with specific targets set for each metric.

Other AES CEOs

Here are other CEOs of AES

Andres R. Gluski

CEO of AES

September 2011 - Invalid Date