FirstEnergy (FE) Appoints Brian X. Tierney as Board Chair

FirstEnergy Corp. (NYSE: FE) announced today that President and Chief Executive Officer Brian X. Tierney has been unanimously elected by the Board of Directors to the additional role of Chair of the Board, effective Jan. 1, 2025. He succeeds John W. Somerhalder II, who will remain a director of the Board. Lisa Winston Hicks will remain the Board's Lead Independent Director.

"Over the last several years, FirstEnergy has made tremendous progress on its financial, operational and cultural transformation, and this is the right time for Brian to take on the additional role of Chair," said Somerhalder. "Brian's appointment underscores our conviction that FirstEnergy will continue to advance its strategy under his exemplary leadership, and I look forward to continuing to work with him in this new capacity."

"The Board is confident that combining the CEO and Chair roles will best position the company as it delivers more secure and reliable energy through the execution of its Energize365 capital investment program," Hicks said. "On behalf of the Board, we want to thank John for his significant contributions to the company. We are pleased that we will be able to continue to benefit from his expertise in his role as a director."

Tierney has served as President and CEO of FirstEnergy and as a director of the Board since June 1, 2023.

"FirstEnergy is a stronger organization thanks to the work our dedicated team is doing to shape our future as a premier electric company," said Tierney. "I am honored to serve as Chair and look forward to continuing to partner with the entire Board, including Lisa, who will provide strong independent Board leadership in her ongoing role as Lead Independent Director. We will remain focused on creating shareholder value by delivering on our financial commitments, driving continuous improvement and investment across our regulated electric companies, and capitalizing on the opportunities of the energy transition."

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