American Electric Power (AEP) announced the involuntary departure of Alicia Knapp, President of Nuclear Development, effective September 29, 2026. Ms. Knapp's separation makes her eligible for benefits under the company's Executive Severance Plan, contingent upon signing a comprehensive severance and release agreement.
Key Details
- Executive Departure: Alicia Knapp, President of Nuclear Development, left the company in an involuntary separation on September 29, 2026.
- Severance Terms: The severance package includes one times her current salary, target annual incentive compensation, and prorated vesting of performance shares and restricted stock units.
- Contingencies: Benefits are conditional on signing an agreement that includes a release of all claims against the company and a one-year non-compete covenant.