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FirstEnergy logoFirstEnergy FE

FirstEnergy said in a press release dated December 18, 2024 that its Board of Directors has appointed President and Chief Executive Officer Brian X. Tierney as Chair of the Board, effective January 1, 2025.

8-KRegulation FD DisclosureFiled Period of report Summary published (UTC)

Key points

AI summary
  1. FirstEnergy said in a press release dated December 18, 2024 that its Board of Directors has appointed President and Chief Executive Officer Brian X. Tierney as Chair of the Board, effective January 1, 2025.

  2. The company said John W. Somerhalder II, who has served as non-independent Chair since May 2022, will continue to serve on the Board as a director, and Lisa Winston Hicks will continue as Lead Independent Director.

  3. The company said Tierney has served as President, CEO and a director of FirstEnergy since June 1, 2023, previously was a Senior Managing Director at Blackstone Infrastructure Partners, and spent more than 23 years at American Electric Power.

  4. The company said Hicks stated the Board is confident that combining the CEO and Chair roles will best position the company as it executes its Energize365 capital investment program, and Somerhalder said now is the right time for Tierney to take on the Chair role.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Brian X. Tierney to Serve as Chair of the Board from January 1, 2025

FirstEnergy said in a press release dated December 18, 2024 that its Board of Directors has appointed President and Chief Executive Officer Brian X. Tierney as Chair of the Board, effective January 1, 2025.

Source · Based on the filing body and exhibits

John W. Somerhalder II to Remain on Board; Lisa Winston Hicks Stays Lead Independent Director

The company said John W. Somerhalder II, who has served as non-independent Chair since May 2022, will continue to serve on the Board as a director, and Lisa Winston Hicks will continue as Lead Independent Director.

Source · Based on the filing body and exhibits

Tierney Serves as CEO and Director Since June 1, 2023; Prior Career Disclosed

The company said Tierney has served as President, CEO and a director of FirstEnergy since June 1, 2023, previously was a Senior Managing Director at Blackstone Infrastructure Partners, and spent more than 23 years at American Electric Power.

Source · Based on the filing body and exhibits

Board and Somerhalder Explain Reasons for Combined CEO and Chair Roles

The company said Hicks stated the Board is confident that combining the CEO and Chair roles will best position the company as it executes its Energize365 capital investment program, and Somerhalder said now is the right time for Tierney to take on the Chair role.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.