DP&L - Dayton Power and Light Co.
10/16/2025 | Press release | Distributed by Public on 10/16/2025 14:59
Management Change/Compensation (Form 8-K)
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On October 9, 2025, Gustavo Garavaglia, Vice President and Chief Financial Officer of DPL LLC ("DPL") and its principal subsidiary, The Dayton Power and Light Company, doing business as AES Ohio ("AES Ohio"), assumed the responsibilities of principal accounting officer of AES Ohio and DPL in connection with Karin Mehringer (Nyhuis), Controller and principal accounting officer of AES Ohio and DPL, taking a temporary leave of absence for personal reasons.
Mr. Garavaglia,39, has served as Vice President and Chief Financial Officer, and as a director, of AES Ohio and DPL since rejoining those businesses in April 2024. Mr. Garavaglia also serves as Vice President and Chief Financial Officer, and as a director, of the other US Utilities businesses of The AES Corporation ("AES"), including IPALCO Enterprises, Inc. and its principal subsidiary, AES Indiana. Prior to rejoining AES, Mr. Garavaglia served as Chief Financial Officer of Vale Base Metals, a mining company, from April 2022 to April 2024. Prior to joining Vale, Mr. Garavaglia spent twelve years at AES, including serving as Chief Financial Officer of the AES US Utilities businesses from November 2018 to March 2022 and as a director or officer of other AES affiliates. Prior to that, Mr. Garavaglia held several other positions while at AES, including as the Director of Financial Planning & Analysis and Development & Transactions for AES Mexico, Central America and the Caribbean ("AES MCAC"), Senior Manager of Development & Transactions for AES MCAC, Investment Analysis and Risk Manager for AES Brazil, M&A Associate for AES, and Strategic Planning Specialist for AES Brazil. Mr. Garavaglia received a Bachelor's degree in Electrical Engineering from University of Campinas (Unicamp) and a Master's degree in Business from FGV Brazil, and is a CFA Charterholder. He is currently on the board of directors of the Indianapolis Symphony and Gleaners Food Bank.
Mr. Garavaglia has not entered into or proposed to enter into any transactions reportable under Item 404(a) of Regulation S-K nor received any additional compensation in connection with his assumption of the responsibilities of the principal accounting officer of AES Ohio and DPL.
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