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    Brian X. Tierney

    President and CEO, Chair of the Board at FirstEnergy Corp
    Board
    Since June 1, 2023
    Age
    57 years
    Education
    Earned a bachelor's degree from Boston College and an MBA from the University of Chicago.
    Tenure
    Joined FE on 06-01-2023 as President and CEO and was promoted to Chair of the Board effective 01-01-2025.

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    About

    Brian X. Tierney is a seasoned executive with extensive experience in the energy and infrastructure sectors. He has played a pivotal role in driving operational transformation and financial discipline at FE, steering the company through major capital investment initiatives and grid reliability improvements.

    Prior to his leadership at FE, he held senior roles in renowned organizations, including serving as Senior Managing Director and Global Head of Operations and Asset Management at Blackstone Infrastructure Partners and spending more than two decades at American Electric Power where he significantly influenced strategy and financial operations.

    Throughout his career, Tierney has demonstrated a deep commitment to innovation and excellence, consistently advancing business strategies in a competitive industry. His strategic vision and operational expertise have not only redefined the companies he has served but also set a benchmark for leadership in the energy sector.

    In addition to his professional accomplishments, he has a history of meaningful service, having served as a Peace Corps volunteer in the Republic of the Philippines. This global engagement underscores his commitment to community service and international outreach, complementing his robust career in corporate leadership.

    $FE Performance Under Brian X. Tierney

    Past Roles

    Organization Role Date Range Details
    Blackstone Infrastructure Partners Senior Managing Director and Global Head of Operations and Asset Management 2021–2023 Responsible for global portfolio operations and asset management
    American Electric Power (AEP) Executive Vice President of Strategy 2021 Led strategic initiatives in a senior leadership role
    American Electric Power (AEP) Executive Vice President and Chief Financial Officer 2009–2020 Oversaw finance and accounting activities
    American Electric Power (AEP) Executive Vice President – AEP Utilities East Prior to 2009 Managed AEP's largest regulated utility region including distribution and customer services
    United States Peace Corps Volunteer N/A Served in the Republic of the Philippines, contributing to early career experience

    Fixed Compensation

    Data from  FY 2023
    Component NameAmountPayment ScheduleAdditional Details
    Base Salary$876,923Prorated for 2023 (starting June 1, 2023)Annualized base salary of $1,500,000; reflects appointment as President and CEO effective June 1, 2023
    Pension Benefits$49,154As defined by plan provisionsComprises Qualified Plan (Present Value: $19,800) and Nonqualified Plan (Present Value: $29,354)

    Performance Compensation

    Data from  FY 2023

    Short-Term Incentive Plan (STIP)

    MetricWeight (%)ThresholdTargetStretchActual Result
    Operating Earnings35%$1,412M $1,458M $1,515M $1,468M
    Baseline O&M25%$1,350M $1,320M $1,305M $1,250M
    Operations Index15%2.50 5.00 7.50 2.72
    Systemwide LCEN/A2 1 0 0
    Systemwide DART RateN/A0.67 0.35 0.22 0.74
    Diversity, Equity & Inclusion10%1.50 3.00 4.50 1.50
    • Payout Details: Actual payout was $1,573,767 (119% of the target).
    • Vesting / Proration: Payout was prorated based on the June 1, 2023, appointment.
    • Notes: This is a cash-based incentive with a maximum payout capped at 200% (i.e., $2,638,356).

    Long-Term Incentive Plan (LTIP)

    MetricWeight (%)ThresholdTargetStretchActual Result
    Cumulative Operating EPS65%$7.67 $8.17 $8.47 N/A
    Relative TSR35%N/A50th percentile*Capped at 100% if negative N/A
    • Grant Date & Fair Value:
      • Grant Date: March 1, 2023.
      • Grant Date Fair Value: $5,956,545 for stock-based RSUs and $2,965,209 for cash-based RSUs.
    • Vesting Schedule: Three-year performance period with cliff vesting on March 1.
    • Notes: Awards are 100% performance-based and may be settled in stock or cash, with dividend equivalent units reinvested based on the average high and low stock prices on the payable date.