FirstEnergy (FE) Appoints Two Vice Presidents

FirstEnergy Corp. (NYSE: FE) today announced it has hired Arsalan Azarsa as Vice President, Finance and Regulatory for West Virginia and Maryland, effective February 10, and Kevin Keller as Vice President, Finance and Regulatory for Ohio, effective February 24. In these roles, Azarsa and Keller will be responsible for developing and implementing financial strategy for their respective states, including budgeting, forecasting and financial planning, and will oversee relationships with state commissions and staff while leading the development of state regulatory strategy.

These positions support FirstEnergy's new business structure, which shifts decision making and service closer to customers to foster better execution and customer investment at the local level. Azarsa will report to Jim Myers, President, FirstEnergy West Virginia and Maryland. Keller will report to Torrence Hinton, President, FirstEnergy Ohio.

Wade Smith, President, FirstEnergy Utilities: "Making wise investments in our system to provide our customers and communities with safe, reliable and cost-effective electricity is a responsibility that FirstEnergy takes very seriously. With their strong financial acumen, regulatory knowledge, strategic planning and analysis expertise and utility industry experience, Arsalan and Kevin will be key leaders as we upgrade our electric systems to benefit residents and businesses in West Virginia, Maryland and Ohio."

Arsalan Azarsa Biography
Azarsa joins FirstEnergy from Vicinity Energy, the largest U.S. provider of district energy solutions, where he has served as Regional Director of Finance and Accounting since 2022. In this role, he directed all finance activities for the company's south region, including accounting, budgeting, forecasting, financial reporting and analysis and billing.

Prior to Vicinity, Azarsa spent over three decades with Pepco Holdings, an Exelon Company, progressing through a number of leadership roles in accounting and finance before serving in director roles for Financial Operations, Enterprise Risk Management and Regulatory Affairs.

Azarsa holds a Bachelor of Science in accounting from University of Maryland. He is a Certified Public Accountant licensed in the District of Columbia.

Kevin Keller Biography
Keller joins FirstEnergy from American Electric Power (AEP), where he most recently served as Director of Financial Forecasting, responsible for leading the development of comprehensive forecasts aligned to strategic objectives and targeted financial metrics for AEP's 10 operating companies. He joined AEP in 2018 as Director of Tax Accounting and Forecasting and was named Director of Finance Transformation in 2020.

Before joining AEP, Keller was a Lead Tax Consultant for Regulated Capital Consultants, a start-up consulting company focused on the power generation and utility industries. He also was a Tax Manager for PriceWaterhouseCoopers, where he served in the firm's prestigious Utilities National Practice in Chicago.

Keller earned a Bachelor of Science in accounting and Master of Business Administration from University of Dayton. He is a Certified Public Accountant licensed in Ohio.

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