US utility firm FirstEnergy Corp said on Monday Blackstone Inc executive Brian Tierney would take charge as the president and CEO of the company, effective June 1.
Tierney, 55, would take charge from interim chief John Somerhalder II, who would continue to serve as FirstEnergy‘s board chair.
The appointment makes Tierney FirstEnergy‘s first permanent CEO since Steven Strah announced his retirement in September after steering the company through bribery charges that were settled in July 2021.
Tierney, currently the global head of portfolio operations and asset management at Blackstone, previously was the chief financial officer of American Electric Power Co Inc.
Reuters