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Posted 12 October, 2021

AMEREN CORP appointed new CEO

CEO Change detected for ticker NYSE:AEE in a 8-K filed on 12 October, 2021.


  Also effective January 1, 2022, Warner L. Baxter, the Company's Chairman, President and Chief Executive Officer, was elected Executive Chairman of the Company and will remain a full-time employee and member of the Board of Directors.  

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Overview of AMEREN CORP
Companies on the Energy Service • Electric Utilities
Ameren Corp. is a public utility holding company, which engages in the provision of electric and natural gas services. It operates through the following segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, Ameren Transmission, and Other. The Ameren Transmission segment consists of the aggregated electric transmission businesses of Ameren Illinois and Ameren Transmission Company of Illinois (ATXI). The company was founded in 1902 and is headquartered in St. Louis, MO.
Market Cap
$19.4B
View Company Details
AMEREN CORP by TradingView
Relevant filing section
ITEM 5.02 
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. 


On October 11, 2021, the Board of Directors (the "Board") of Ameren Corporation (the "Company") announced the election of Martin J. Lyons, Jr., Chairman and President of Union Electric Company, doing business as Ameren Missouri ("Ameren Missouri"), as President and Chief Executive Officer of the Company and as a member of the Board of Directors, effective January 1, 2022. Also effective January 1, 2022, Warner L. Baxter, the Company's Chairman, President and Chief Executive Officer, was elected Executive Chairman of the Company and will remain a full-time employee and member of the Board of Directors. Mr. Lyons will report to the Executive Chairman. 

Mr. Lyons, 55, has served as the Chairman and President of Ameren Missouri since 2019. He has previously served in various senior leadership positions at the Company and its subsidiaries since 2001, including as Executive Vice President and Chief Financial Officer, Chairman and President of Ameren Services Company, Senior Vice President and Chief Accounting Officer, and Vice President and Controller. 

Effective as of January 1, 2022, Mr. Lyons' base salary will be increased from $755,000 to $1,100,000. Also effective as of January 1, 2022, his target cash award under the Company's 2022 short-term incentive plan ("STIP") will be increased from 75% to 110% of his base salary, and his target award under the Company's 2022 long-term incentive program ("LTIP") will be increased from 300% to 375% of his base salary. Mr. Lyons will continue to participate in the Ameren Corporation Severance Plan for Ameren Officers and the Second Amended and Restated Change of Control Severance Plan. 

Effective as of January 1, 2022, Mr. Baxter's base salary will be decreased from $1,300,000 to $1,000,000. Also effective as of January 1, 2022, his target cash award under the Company's 2022 STIP will be decreased from 120% to 100% of his base salary, and his target award under the Company's 2022 LTIP will be decreased from 400% to 300% of his base salary. Mr. Baxter will continue to participate in the Ameren Corporation Severance Plan for Ameren Officers and the Second Amended and Restated Change of Control Severance Plan. 

Neither Mr. Lyons' nor Mr. Baxter's election was pursuant to any agreement or understanding between him and any other person. There is no family relationship between Mr. Lyons or Mr. Baxter and any director or executive officer of the Company, and there are no transactions between Mr. Lyons or Mr. Baxter and the Company that are required to be reported under Item 404(a) of Regulation S-K. 

A copy of the press release, dated October 11, 2021, announcing Mr. Lyons' and Mr. Baxter's elections is furnished as Exhibit 99.1. Exhibit 99.1 shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities under that section and shall not be deemed to be incorporated by reference into any filing of Ameren under the Securities Act of 1933, as amended, or the Exchange Act.