- FirstEnergy Corp. (NYSE:FE) has appointed Brian X. Tierney as its president and chief executive officer, effective June 1, 2023.
- Tierney succeeds interim President and Chief Executive Officer John W. Somerhalder II.
- Somerhalder also serves as chair of FirstEnergy’s board, a position he will continue to hold.
- On September 15, 2022, FirstEnergy announced Steven E. Strah’s decision to retire as president and CEO and as a member of the Board of Directors.
- Tierney joins FirstEnergy from Blackstone Inc. (NYSE:BX), where he serves as the global head of Portfolio Operations and Asset Management for the Infrastructure group. He previously spent 23 years at Ohio-based American Electric Power Company, Inc. (NASDAQ:AEP), holding several leadership positions.
- “Brian Tierney is a proven leader with deep experience in the energy industry, a unique blend of operational, financial and strategic skills, and a sterling record of driving growth and transformation within our sector,” said Somerhalder.
- Price Action: FE shares are trading lower by 0.026% at $39.16 on the last check Monday.
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Upstart's fourth-quarter revenue decreased 4% year-over-year to $140.91 million, which beat the consensus estimate of $134.89 million, according to Benzinga Pro. The company reported a quarterly loss of 11 cents per share, which beat analyst estimates for a loss of 14 cents per share.
