FirstEnergy gets interim CEO and president

Sep. 15, 2022 5:12 PM ETFirstEnergy Corp. (FE)By: Manshi Mamtora, CFA3 Comments
  • FirstEnergy (NYSE:FE) announced that John W. Somerhalder II, chair of the FirstEnergy Board of Directors, has been named interim president and CEO, effective September 16, 2022.
  • Mr. Somerhalder's appointment follows Steven E. Strah's decision to retire as president and CEO and as a member of the Board of Directors.
  • Board will commence a search of external candidates to identify a permanent CEO.
  • Mr. Somerhalder has served as chair of the Board since May 2022, and previously served as vice chair and executive director of the company from March 2021 to May 2022.
  • Prior to joining FirstEnergy, Mr. Somerhalder served as interim president and chief executive officer of CenterPoint Energy an electric and natural gas utility serving several U.S. markets

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