IPALCO ENTERPRISES, INC. 8-K

What Happened IPALCO Enterprises, Inc. filed an 8-K reporting leadership changes effective April–May 2026. On April 15, 2026, the boards appointed Gustavo Garavaglia as President and Chief Executive Officer of IPALCO and CEO of its principal subsidiary AES Indiana; Kenneth J. Zagzebski will transition to Executive Chairman effective the same date. The boards also elected Sherry Kohan as Vice President, Chief Financial Officer and Controller (and principal accounting officer) of IPALCO and AES Indiana, effective May 7, 2026. Brandi Davis‑Handy remains President of AES Indiana.

Key Details

• Gustavo Garavaglia appointed President & CEO of IPALCO and CEO of AES Indiana, effective April 15, 2026; he is age 40 and has served as IPALCO/AES Indiana VP & CFO since April 2024.
• Kenneth J. Zagzebski ceased serving as President & CEO and was appointed Executive Chairman, effective April 15, 2026.
• Sherry Kohan elected VP, Chief Financial Officer & Controller (principal accounting officer) of IPALCO and AES Indiana, effective May 7, 2026; she has been an IPALCO director since April 2025 and is Senior VP & Chief Accounting Officer of The AES Corporation through May 7, 2026.
• IPALCO and AES Indiana do not separately compensate director/officer service; the officers participate in AES-wide compensation plans (generally in excess of $120,000 annually). No reportable related‑party transactions under Item 404(a) were disclosed.

Why It Matters Leadership transitions affect strategy, oversight, and investor confidence. The filing confirms a planned internal reshuffle among existing AES-affiliated executives rather than an external hire: Garavaglia is a returning AES executive with prior CFO experience at IPALCO/AES Indiana, and Kohan is an experienced AES finance executive and current director. Investors should note the effective dates (Apr 15 and May 7, 2026), the continuing role of Zagzebski as Executive Chairman, and that compensation is handled through AES-wide programs.