This excerpt taken from the AES 8-K filed Dec 17, 2008.
Election of Directors
On December 12, 2008, the Board of Directors (the Board) of The AES Corporation (the Company) appointed John B. (Jay) Morse Jr. to the Board and to the Financial Audit Committee of the Board.
Mr. Morse will participate in the non-employee director compensation arrangements described in the Companys 2008 annual proxy statement filed with the Securities and Exchange Commission on March 21, 2008. Also, consistent with initial grants previously offered to certain non-employee directors of the Company, Mr. Morse will receive an initial grant consisting of deferred stock units and/or stock options valued at $40,000.
On December 17, 2008, the Company issued a press release announcing the appointment of Mr. Morse. The press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.