On January 13, 2021, the Board of Directors of The AES Corporation elected Teresa M. Sebastian to the Board, effective immediately, and appointed her to the Compensation Committee, Financial Audit Committee and Innovation and Technology Committee of the Board. Ms. Sebastian is President and Chief Executive Officer of The Dominion Asset Group, an angel investment and venture capital firm. Previously, Ms. Sebastian was the Senior Vice President, General Counsel and Corporate Secretary and led the Internal Audit function, of Darden Restaurants Inc., from October 2010 to March 2015. Before her time at Darden Restaurants, Ms. Sebastian served as Vice President at Veyance Technologies Inc. Senior Vice President at Information Resources Inc. She is currently involved in academia as an adjunct professor for accounting and enterprise risk management at Vanderbilt Law School, and an adjunct professor for governance and compliance at the University of Michigan Law School.