AEP selects Stevens alumnus Munczinski to head Shared Services Organization
HOBOKEN, N.J. ― American Electric Power (AEP) of Columbus, Ohio, has named Stevens Institute of Technology two-time graduate Richard E. Munczinski Senior Vice President-Shared Services, according to Michael G. Morris, AEP’s Chairman, President and Chief Executive Officer.
In his new position, Munczinski, 56, will report to Carl L. English, AEP’s chief operating officer, and have responsibility for information technology, human resources and business logistics. He replaces Stephen P. Smith, who is leaving AEP to become chief financial officer for NiSource Inc. Munczinski is currently AEP’s Senior Vice President-Corporate Planning and Budgeting.
Munczinski assumed his new position on June 1.
“Rich has developed a wealth of knowledge about all areas of AEP during his years heading our planning and budgeting group,” Morris said. “Planning and budgeting and the shared services functions each touch all of AEP’s operations, so Rich will be able to put that knowledge to work in his new position, ensuring that shared services best meets the needs of its internal customers.”
Munczinski has been SVP for corporate planning and budgeting since 1998. He joined AEP in 1978 in the project engineering department and transferred to corporate planning and budgeting in 1982. He became director of rate-case management in 1992 and Vice President-Regulatory Services in 1996. During this period, he led the regulatory approval process for AEP’s merger with Central and South West Corp.
Munczinski earned a bachelor’s degree in Electrical Engineering and a master’s degree in Management Science from Stevens Institute of Technology in Hoboken, N.J. He is a member of the Institute of Electrical and Electronics Engineers.
About American Electric Power
American Electric Power is one of the largest electric utilities in the United States, delivering electricity to more than five million customers in 11states. AEP ranks among the nation's largest generators of electricity, owning nearly 38,000 megawatts of generating capacity in the US. AEP also owns the nation’s largest electricity transmission system, a nearly 39,000-mile network that includes more 765 kilovolt extra-high voltage transmission lines than all other US transmission systems combined. AEP’s transmission system directly or indirectly serves about 10 percent of the electricity demand in the Eastern Interconnection, the interconnected transmission system that covers 38 eastern and central United States and eastern Canada, and approximately 11 percent of the electricity demand in ERCOT, the transmission system that covers much of Texas. AEP’s utility units operate as AEP Ohio, AEP Texas, Appalachian Power (in Virginia and West Virginia), AEP Appalachian Power (in Tennessee), Indiana Michigan Power, Kentucky Power, Public Service Company of Oklahoma, and Southwestern Electric Power Company (in Arkansas, Louisiana and East Texas). AEP’s headquarters are in Columbus, Ohio.
About Stevens Institute of Technology
Founded in 1870, Stevens Institute of Technology is one of the leading technological universities in the world dedicated to learning and research. Through its broad-based curricula, nurturing of creative inventiveness, and cross disciplinary research, the Institute is at the forefront of global challenges in engineering, science, and technology management. Partnerships and collaboration between, and among, business, industry, government and other universities contribute to the enriched environment of the Institute. A new model for technology commercialization in academe, known as Technogenesis®, involves external partners in launching business enterprises to create broad opportunities and shared value.
Stevens offers baccalaureates, master’s and doctoral degrees in engineering, science, computer science and management, in addition to a baccalaureate degree in the humanities and liberal arts, and in business and technology. The university has a total enrollment of 2,040 undergraduate and 3,085 graduate students, and a worldwide online enrollment of 2,250, with a full-time tenured/tenure-track faculty of 140 and more than 200 full-time special faculty. Stevens’ graduate programs have attracted international participation from China, India, Southeast Asia, Europe and Latin America. Additional information may be obtained from its web page at www.stevens.edu.
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