FirstEnergy (FE) Promotes Several Executives; James Pearson to SVP, Treasurer
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Price: $49.11 +0.97%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 4.1%
EPS Growth %: +13.5%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 4.1%
EPS Growth %: +13.5%
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FirstEnergy Corp. (NYSE: FE) today announced a series of leadership changes in its Finance and Generation organizations that expand roles and responsibilities for key executives as part of the company's succession planning strategy.
Effective August 1, 2012, James F. Pearson, vice president and treasurer, has been promoted to senior vice president and treasurer. He will continue reporting to Mark T. Clark, executive vice president and chief financial officer. In his new role, he will oversee the Accounting function in addition to his existing responsibility for Business Development, Treasury, Investor Relations, FirstEnergy Solutions Finance, and Integrated Systems Planning and Development.
Bennett L. Gaines, vice president, Corporate Services and chief information officer, has been named senior vice president, Corporate Services and chief information officer. Gaines will continue reporting to Clark. His responsibilities include Information Technology (IT), Supply Chain, Corporate Security and Flight Operations.
In related moves, Steven R. Staub, formerly assistant treasurer, has been promoted to executive director and assistant treasurer, reporting to Pearson. James Whitley, director, Corporate Security and IT Compliance, has been named executive director, Corporate Security and IT Compliance, and will continue reporting to Gaines.
In other changes, Gary D. Benz, executive director, business development, has been promoted to vice president, Supply Chain, reporting to Gaines. Current Supply Chain vice president John W. Judge will become vice president, Corporate Risk and chief risk officer, reporting to Clark and overseeing Credit, Enterprise Risk Management, Insurance Risk and Risk Control.
Effective August 1, 2012, James F. Pearson, vice president and treasurer, has been promoted to senior vice president and treasurer. He will continue reporting to Mark T. Clark, executive vice president and chief financial officer. In his new role, he will oversee the Accounting function in addition to his existing responsibility for Business Development, Treasury, Investor Relations, FirstEnergy Solutions Finance, and Integrated Systems Planning and Development.
Bennett L. Gaines, vice president, Corporate Services and chief information officer, has been named senior vice president, Corporate Services and chief information officer. Gaines will continue reporting to Clark. His responsibilities include Information Technology (IT), Supply Chain, Corporate Security and Flight Operations.
In related moves, Steven R. Staub, formerly assistant treasurer, has been promoted to executive director and assistant treasurer, reporting to Pearson. James Whitley, director, Corporate Security and IT Compliance, has been named executive director, Corporate Security and IT Compliance, and will continue reporting to Gaines.
In other changes, Gary D. Benz, executive director, business development, has been promoted to vice president, Supply Chain, reporting to Gaines. Current Supply Chain vice president John W. Judge will become vice president, Corporate Risk and chief risk officer, reporting to Clark and overseeing Credit, Enterprise Risk Management, Insurance Risk and Risk Control.
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