FirstEnergy Discloses Retirement Of Corporate Strategy EVP
July 24, 2018 Email This Story Copyright 2010-17 EnergyChoiceMatters.com
Reporting by Paul Ring • email@example.com
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FirstEnergy Corp. disclosed in an 8-K several executive retirements
On July 23, 2018, Leila L. Vespoli, Executive Vice President, Corporate Strategy, Regulatory Affairs, and Chief Legal Officer of FirstEnergy Corp., and James F. Pearson, Executive Vice President, Finance of FirstEnergy Corp., notified FirstEnergy Corp. that they were electing to participate in the Executive Voluntary Enhanced Retirement Program (E-VERP) and are retiring from the company
The effective date of Vespoli’s retirement will be April 1, 2019. Vespoli also previously served as Vice President, Markets for FirstEnergy Corp.
The effective date of Pearson’s retirement has not yet been determined but is not expected to be later than April 1, 2019.
The offering of the Voluntary Enhanced Retirement Program is part of FirstEnergy's initiative focused on reducing shared services to align to the organizational structure for the company’s previously announced strategy to exit the competitive generation business and become a fully regulated utility company.