Former Exelon CIO Mark Browning provides strategic guidance to advance Aspen technology's central role in enabling future utilities
Bedford, Massachusetts, April 17, 2024–(BUSINESS WIRE)–Aspen Technology, Inc. (NASDAQ: AZPN), a global leader in industrial software, today announced that Mark Browning, a longtime power and utility industry executive, has joined the company as a strategic advisor. announced. For the past 20 years, Mr. Browning has held executive positions at Exelon Corporation, the largest utility company in the United States, serving more than 10 million customers. Mr. Browning most recently served as Chief Information Officer with overall IT responsibility for the Exelon family of power transmission and distribution companies.
Decarbonization, electrification, climate change and increasing cyber threats are pushing power grid complexity and unpredictability to new levels, bringing the power and utilities industry to a critical juncture. Customers around the world are working to improve grid resiliency, accelerate the transition to renewable energy, and enhance operational excellence and safety.
“Utilities around the world are now supporting the rapid expansion of renewable energy, modernizing their power grids, and ensuring operational resiliency,” said Antonio Pietri, President and CEO of AspenTech. We are looking to AspenTech for advanced digital solutions to help us do this.” “With a distinguished career in power and utilities, Mark brings deep strategy and operational experience to enhance the value-based outcomes AspenTech delivers to customers in this industry.As a thought leader, we We look forward to his guidance in supporting the industry in delivering the utility of the future. ”
“I'm excited to join the AspenTech team at this critical inflection point for the power and utilities industry,” said Browning. “Energy transition and electrification are creating significant operational challenges that impact all stakeholders in power generation, transmission, and distribution.AspenTech has established itself as a strategic partner for power and utilities. I want to play a role that supports the company's continued innovation and value creation and talent strategy. ”
More than 1,200 people from asset-intensive companies will be attending OPTIMIZE 24, AspenTech's global customer event in Houston later this month. Mr. Browning will join Mr. Pietri and other industry leaders in a plenary session that explores how organizations are making strategic choices to succeed in new energy systems. Approximately 500 power and utility customers are expected to attend the event, and OPTIMIZE 24 will include dedicated industry sessions and a digital grid management track aimed at this specific audience.
About Aspentech
Aspen Technology, Inc. (NASDAQ: AZPN) is a world leader in helping industries at the forefront of the world's dual challenges meet the increasing resource demands of a rapidly growing population in a profitable and sustainable manner. software reader. AspenTech solutions address complex environments where optimizing the asset design, operations, and maintenance lifecycle is critical. Our unique combination of deep domain expertise and innovation helps customers in asset-intensive industries run their assets safer, greener, longer, faster and improve operational excellence. I can. For more information, visit AspenTech.com.
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