Michael Auseré Appointed as FirstEnergy's VP of Financial Planning and Analysis

FirstEnergy Welcomes a New VP of Financial Planning and Analysis

FirstEnergy Corp., a prominent name in the energy sector, has made an important announcement that could influence its financial strategies moving forward. Effective June 2, Michael Auseré will step into the role of Vice President for Financial Planning and Analysis. His appointment is aimed at leveraging his vast experience in the energy industry to bolster FirstEnergy’s long-term financial goals and budgetary processes.

Auseré's Role and Responsibilities

In his new position, Auseré will oversee FirstEnergy’s budget development and long-range planning. He is expected to contribute meaningfully to the company's financial objectives and overall strategic initiatives. Reporting directly to Jon Taylor, the Senior Vice President and Chief Financial Officer, Auseré will be tasked with collaborating across various business units within the company to shape effective financial plans. Jon Taylor expressed confidence in Auseré’s abilities, noting that his background and expert knowledge will play a crucial role in driving FirstEnergy’s growth and profitability while keeping customer costs manageable.

Extensive Experience in the Energy Sector

Auseré joins FirstEnergy with over 25 years of experience in the energy industry. He recently held the position of Vice President of Business Development at Eversource Energy, the largest energy provider in New England. His previous roles also included Vice President of Financial Planning and Analysis at the same company, where he was responsible for the budgeting and long-term planning for utilities serving millions of customers across Connecticut, Massachusetts, and New Hampshire.

His career also includes significant positions at Energy Future Holdings (formerly known as TXU Corp), based in Dallas, where he played a critical role in shaping the financial structure of the company's competitive power generation sector.

Auseré started his career at PwC in public accounting, where he audited major energy firms and worked on important mergers and securities offerings. His rich educational background includes both a bachelor's and master's degree in accounting from the University of Texas at Austin, along with certification as a Public Accountant.

FirstEnergy's Commitment to Growth and Excellence

FirstEnergy stands as one of the largest investor-owned electric systems in the United States, committed to integrity, reliability, safety, and operational excellence. Their distribution network serves over 6 million customers across several states, including Ohio, Pennsylvania, and Maryland. The company’s transmission subsidiary boasts an extensive infrastructure, operating over 24,000 miles of transmission lines linking the Midwest and Mid-Atlantic regions.

Auseré's expertise comes at a crucial juncture for FirstEnergy, as the company aims to enhance its financial planning processes while ensuring sustainable growth. His appointment signals a proactive approach to achieving financial stability and customer satisfaction within the competitive landscape of the energy industry.

Stay updated on FirstEnergy’s initiatives and ongoing developments through their official website at www.firstenergycorp.com and check out their social media channels for the latest news.