FirstEnergy Picks Brian X. Tierney As Its New CEO

FirstEnergy Corp. FE has appointed Brian X. Tierney as its president and chief executive officer, effective June 1, 2023.
Tierney succeeds interim President and Chief Executive Officer John W. Somerhalder II.
Somerhalder also serves as chair of FirstEnergy's board, a position he will continue to hold.
On September 15, 2022, FirstEnergy announced Steven E. Strah's decision to retire as president and CEO and as a member of the Board of Directors.
Tierney joins FirstEnergy from Blackstone Inc. BX, where he serves as the global head of Portfolio Operations and Asset Management for the Infrastructure group. He previously spent 23 years at Ohio-based American Electric Power Company, Inc. AEP, holding several leadership positions.
"Brian Tierney is a proven leader with deep experience in the energy industry, a unique blend of operational, financial and strategic skills, and a sterling record of driving growth and transformation within our sector," said Somerhalder.
Price Action: FE shares are trading lower by 0.026% at $39.16 on the last check Monday.