FirstEnergy Names Fourth CEO in Three Years

Brian Tierney, an executive at Blackstone — a New York-based alternative investment company — has been named FirstEnergy’s next CEO. Blackstone is one of FirstEnergy’s largest shareholders, holding $1 billion worth of the company’s stock and a seat on FirstEnergy’s board, as reported by the Akron Beacon Journal.

When he takes over on June 1, Tierney will be FirstEnergy’s fourth CEO in the past three years following the passage of the scandal-ridden House Bill 6. Prior to Blackstone, he spent 23 years at AEP in multiple leadership roles. Tierney’s compensation includes a base salary of $1.5 million and a hiring bonus worth $1.5 million. 3/28/2023