FirstEnergy, Parent Of Broker, Announces CEO Transition

FirstEnergy Corp., which owns broker FirstEnergy Advisors and which has stated a vision to offer to customers various innovative energy services, today announced that John W. Somerhalder II, chair of the FirstEnergy Board of Directors, has been named interim president and chief executive officer (CEO), effective September 16, 2022.

Somerhalder's appointment follows Steven E. Strah's decision to retire as president and CEO of FirstEnergy and as a member of the Board of Directors.

Somerhalder will continue to serve as chair of the FirstEnergy Board

The FirstEnergy Board will commence a search of external candidates to identify a permanent CEO. The Board of Directors has completed its previously announced management review, FirstEnergy said

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, Somerhalder served as interim president and chief executive officer of CenterPoint Energy, Inc.

Somerhalder also served as interim president and chief executive officer of Colonial Pipeline Company and as president and chief executive officer of AGL Resources Inc.