On July 21, 2023, the Board of Directors of The AES Corporation agreed that Bernerd Da Santos, currently serving as Executive Vice President, Chief Operating Officer and President of AES? Renewables Strategic Business Unit (?SBU?), will step down from his position as COO, effective July 24, 2023, so that he may focus on his roles as Executive Vice President and President of AES? Renewables SBU.

On July 21, 2023, the Board appointed Ricardo Manuel Falú to serve as AES? Senior Vice President and COO, effective July 24, 2023. Mr. Falú, age 43, currently serves as AES?

Senior Vice President and Chief Strategy and Commercial Officer, and has held these positions since August 2022. Since March 2023, Mr. Falú has also served as President of the New Energy Technologies SBU. Mr. Falú joined AES in 2003 and prior to his current roles, served as President of the Andes region from January 2022 to August 2022 and Chief Executive Officer of AES Andes from April 2018 to August 2022, which include AES Chile, AES Colombia and AES Argentina.

Before that, Mr. Falú served as the Chief Financial Officer for the Company?s businesses in the Andes region from 2014 to April 2018.