FirstEnergy Corp. has elected Donald Misheff as the next chairman of the board. He will replace George Smart, who will retire as of the company's annual meeting May 15.
William Cottle will also retire from the board at the annual meeting. Smart and Cottle, both 72, are retiring in accordance with the company's mandatory retirement age policy. Sandra Pianalto, a former president and CEO of the Federal Reserve Bank of Cleveland, has been elected to be a new member of the board. The changes will reduce the size of the board to 12, according to a Feb. 20 news release.
Additionally, the company made executive-level changes to support its transition to a fully regulated utility. James Pearson will be executive vice president of finance, focusing on his role as a member of the restructuring working group and the head of FirstEnergy Tomorrow, two projects related to the company's transition to a fully regulated utility. He will report to FirstEnergy President and CEO Charles Jones.
Steven Strah, currently president of FirstEnergy's utilities, has become senior vice president and CFO. He will oversee accounting, corporate risk, internal auditing, investor relations and treasury. He will report to Pearson.
Jason Lisowski, currently controller and treasurer of FirstEnergy Solutions Corp., will be vice president, controller and chief accounting officer, reporting to Strah. He will be responsible for the controller, tax and accounting functions across FirstEnergy.
Samuel Belcher, currently president and chief nuclear officer of FirstEnergy Nuclear Operating Co., becomes senior vice president and president of the utilities, reporting to Jones. He will be responsible for FirstEnergy's 10 regulated electric utility operating companies as well as transmission assets and investments.
K. Jon Taylor will become president of Ohio operations, including Ohio Edison Co., Cleveland Electric Illuminating Co. and Toledo Edison Co.
Donald Moul, president of FirstEnergy Generation, becomes president of FES Generation Cos. and chief nuclear officer. He will be responsible for nuclear operations, engineering and fleet regulatory affairs, oversight of the fossil fleet, fuel and unit dispatch.
Christine Walker becomes vice president of human resources, reporting to Charles Lasky, who has been named senior vice president of human resources and chief human resources officer for FirstEnergy.
Kevin Warvell will become vice president, CFO, treasurer and corporate secretary of FirstEnergy Solutions.
The changes involving Lisowski, Taylor and Warvell are effective March 4, while the changes involving the others are effective March 5.