#USA #FirstEnergy Corp #Akron #Kelly Gower #Teresa Reed

FirstEnergy Corp. Strengthens Leadership with New Appointments

On December 20, 2024, FirstEnergy Corp. (NYSE: FE) announced the appointment of three new Vice Presidents to streamline its operations in Pennsylvania and New Jersey. The newly hired executives include Kelly Gower and Teresa Reed, who will lead financial and regulatory initiatives for their respective states. Additionally, Jeremy W. Hay has been promoted to oversee Construction and Design Services. All roles take effect on December 30, 2024.

The New Leadership Team

Kelly Gower - Vice President of Finance and Regulatory for Pennsylvania

Kelly Gower has been appointed as the Vice President of Finance and Regulatory for Pennsylvania. She joins FirstEnergy after serving as the Director of Financial Planning, Budgeting, and Administration at PPL Electric Utilities. Gower possesses extensive experience in strategic planning and decision-making, having spent a significant part of her career at PPL Corporation since 2004. Her expertise will help FirstEnergy implement effective financial strategies, including budgeting, forecasting, and planning, which are essential for the company's growth in Pennsylvania.

Teresa Reed - Vice President of Finance and Regulatory for New Jersey

Teresa Reed takes on the role of Vice President of Finance and Regulatory for New Jersey. Previously, she was the Director of Rates and Regulatory Planning at Duke Energy Corporation. Reed has a robust background in rate design and pricing strategy, making her an ideal candidate to advance FirstEnergy's interests in New Jersey. She holds a Bachelor of Arts in government, an MBA, and a Juris Doctor degree, showcasing her diverse qualifications.

Jeremy W. Hay - Vice President of Construction and Design Services

Jeremy W. Hay has been promoted to Vice President of Construction and Design Services, a role he has acting held since June 2023. In this position, he is responsible for overseeing the construction and design of transmission infrastructure, which is crucial for ensuring reliable energy delivery. Hay's journey with FirstEnergy began in 2005, progressing through various leadership roles that equipped him with a deep understanding of operations and engineering.

A Shift Toward Localized Decision-Making

The appointments are part of a broader strategy by FirstEnergy to decentralize decision-making and enhance customer service. By placing experienced leaders in key roles closer to the communities they serve, the company anticipates improved execution of projects and better local engagement with customers. Each Vice President will also be tasked with strengthening relationships with state commissions and regulatory bodies, ensuring that FirstEnergy remains compliant with local requirements.

The initiatives are expected to drive growth and innovation across FirstEnergy's operations, including better financial performance through effective regulatory strategies. Both Gower and Reed will report directly to the Presidents of FirstEnergy's Pennsylvania and New Jersey units, respectively.

Conclusion

As FirstEnergy Corp. moves forward with its restructuring, the addition of Gower, Reed, and Hay to its leadership team reflects the company's commitment to operational excellence and integrity in its services. With these appointments, FirstEnergy aims to enhance its strategic positioning in the competitive electric utility market, ensuring it remains a reliable provider for over six million customers across multiple states.

Find out more about FirstEnergy's new leadership and initiatives online at FirstEnergy Corp. or follow them on social media at @FirstEnergyCorp.