FirstEnergy Names Brian X. Tierney Chair of the Board

Core Viewpoint - FirstEnergy Corp. has appointed Brian X. Tierney as Chair of the Board, effective January 1, 2025, while John W. Somerhalder II will remain a director, and Lisa Winston Hicks will continue as Lead Independent Director [1][2]. Group 1: Leadership Changes - Brian X. Tierney has been unanimously elected as Chair of the Board, succeeding John W. Somerhalder II [1][2]. - The Board believes that combining the roles of CEO and Chair will enhance the company's ability to deliver secure and reliable energy through its Energize365 capital investment program [2][3]. - Tierney has been serving as President and CEO since June 1, 2023, and has extensive experience in the electric utility sector [4]. Group 2: Company Strategy and Vision - FirstEnergy is focused on creating shareholder value by fulfilling financial commitments and driving continuous improvement across its regulated electric companies [3]. - The company aims to capitalize on opportunities presented by the energy transition while maintaining a strong independent Board leadership under Lisa Winston Hicks [3]. Group 3: Company Overview - FirstEnergy operates one of the largest investor-owned electric systems in the U.S., serving customers across several states including Ohio, Pennsylvania, and New York [5]. - The company's transmission subsidiaries manage approximately 24,000 miles of transmission lines connecting the Midwest and Mid-Atlantic regions [5].