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FirstEnergy Names Michael Auseré Vice President, Financial Planning and Analysis

1. Michael Auseré appointed as Vice President, Financial Planning and Analysis. 2. He is expected to enhance financial planning and budgeting processes. 3. Auseré has over 25 years of experience in the energy sector. 4. His role focuses on growth, shareholder returns, and minimizing customer bills. 5. Previous roles include business development at Eversource Energy.

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Why Bullish?

Auseré's extensive experience may enhance FirstEnergy’s financial performance. Strong leadership in financial planning often correlates with improved stock performance.

How important is it?

This leadership change could signify a shift towards enhanced financial performance and corporate stability. Auseré's background and emphasis on maximizing shareholder returns give credence to potential positive outcomes.

Why Long Term?

The strategic financial planning set by Auseré could lead to sustained growth. Long-term effects from improved financial metrics or strategic initiatives will take time to materialize.

Related Companies

Eversource Energy (ES)Energy Future Holdings (EFH)
, /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) announced today that Michael Auseré has been named Vice President, Financial Planning and Analysis, effective June 2. In this role, Auseré will have responsibility for FirstEnergy's long-range planning and budgeting processes and support overall achievement of the company's financial objectives and strategic initiatives. He will report to Jon Taylor, Senior Vice President and Chief Financial Officer, and will be relocating to Akron, Ohio. Jon Taylor, Senior Vice President and Chief Financial Officer: "Michael will be instrumental in working across our major businesses to develop a financial plan that will drive FirstEnergy's continued growth and success. His expertise in business planning and leading transformative change in the energy industry will support our objectives of maximizing shareholder returns and cash flows while minimizing customer bill impacts." Auseré joins FirstEnergy with more than 25 years of energy industry experience. He most recently served as Vice President of Business Development at Eversource Energy, New England's largest energy provider. Earlier, he was the company's Vice President, Financial Planning and Analysis, leading budgeting and long-range planning for power and gas utilities serving 4 million customers in Connecticut, Massachusetts and New Hampshire. Previously, he held a series of financial roles at Energy Future Holdings (formerly TXU Corp), a Dallas-based energy company. These roles included Vice President, Planning and Analysis, for Luminant, Energy Future Holding's competitive power generation business. Auseré began his career in public accounting at PwC, where he audited multinational energy companies and advised on mergers and security offerings. He holds bachelor's and master's degrees in accounting from the University of Texas at Austin and is a Certified Public Accountant. FirstEnergy is dedicated to integrity, safety, reliability and operational excellence. Its electric distribution companies form one of the nation's largest investor-owned electric systems, serving more than 6 million customers in Ohio, Pennsylvania, New Jersey, West Virginia, Maryland and New York. The company's transmission subsidiaries operate more than 24,000 miles of transmission lines that connect the Midwest and Mid-Atlantic regions. Follow FirstEnergy online at www.firstenergycorp.com and on X @FirstEnergyCorp. Editor's Note: A professional photo of Michael Auseré is available for download on Flickr.  SOURCE FirstEnergy Corp. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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