FirstEnergy Management
Management criteria checks 1/4
FirstEnergy's CEO is John Somerhalder, appointed in Sep 2022, has a tenure of less than a year. total yearly compensation is $4.54M, comprised of 13.9% salary and 86.1% bonuses, including company stock and options. directly owns 0.014% of the company’s shares, worth €2.91M. The average tenure of the management team and the board of directors is 1.8 years and 1.7 years respectively.
Key information
John Somerhalder
Chief executive officer
US$4.5m
Total compensation
| CEO salary percentage | 13.9% |
| CEO tenure | less than a year |
| CEO ownership | 0.01% |
| Management average tenure | 1.8yrs |
| Board average tenure | 1.7yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2022 | n/a | n/a | US$1b |
| Jun 30 2022 | n/a | n/a | US$1b |
| Mar 31 2022 | n/a | n/a | US$1b |
| Dec 31 2021 | US$5m | US$633k | US$1b |
Compensation vs Market: John's total compensation ($USD4.54M) is about average for companies of similar size in the German market ($USD4.53M).
Compensation vs Earnings: Insufficient data to compare John's compensation with company performance.
CEO
John Somerhalder (66 yo)
less than a year
Tenure
US$4,543,179
Compensation
Mr. John William Somerhalder, II, is Interim President and Chief Executive Officer of FirstEnergy Corp. from September 16, 2022. He has been Chair of the Board at FirstEnergy Corp. since May 20, 2022 and h...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Interim President & CEO and Chair of the Board | less than a year | US$4.54m | 0.014% $ 2.9m | |
| Senior VP | 2.5yrs | US$4.54m | 0.0043% $ 900.8k | |
| Senior Vice President of Operations | 1.8yrs | US$3.78m | 0.010% $ 2.1m | |
| Senior VP & Chief Legal Officer | 1.8yrs | US$4.76m | 0.0016% $ 344.3k | |
| VP, Controller & Chief Accounting Officer | 4.8yrs | no data | 0.00010% $ 21.0k | |
| VP & Chief Information Officer | less than a year | no data | no data | |
| Vice President of Investor Relations & Communications | 11yrs | no data | no data | |
| VP and Chief Ethics & Compliance Officer | 1.6yrs | no data | no data | |
| Vice President of Communications & Marketing | 11.8yrs | no data | no data | |
| Senior VP and Chief Human Resources Officer & Corporate Services | 3.3yrs | US$2.41m | 0.0091% $ 1.9m | |
| President of New Jersey Operations | 1.8yrs | no data | no data | |
| President of Maryland Operations | 1.8yrs | no data | no data |
1.8yrs
Average Tenure
56yo
Average Age
Experienced Management: FE7's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Interim President & CEO and Chair of the Board | 1.7yrs | US$4.54m | 0.014% $ 2.9m | |
| Independent Director | 5.8yrs | US$269.91k | 0.00088% $ 184.8k | |
| Independent Director | 5.8yrs | US$264.91k | 0.00072% $ 151.2k | |
| Independent Director | less than a year | no data | no data | |
| Independent Director | 1.4yrs | US$167.45k | 0.00036% $ 75.6k | |
| Independent Director | 1.5yrs | US$189.48k | 0.00043% $ 90.3k | |
| Independent Director | 1.7yrs | US$197.12k | 0.00056% $ 117.6k | |
| Lead Independent Director | 1.4yrs | US$159.95k | 0.00045% $ 94.5k | |
| Independent Director | 4.2yrs | US$314.91k | 0.00079% $ 165.9k | |
| Independent Director | 1.7yrs | US$232.12k | 0.00056% $ 117.6k | |
| Independent Director | less than a year | no data | 0.00017% $ 35.7k |
1.7yrs
Average Tenure
58yo
Average Age
Experienced Board: FE7's board of directors are not considered experienced ( 1.7 years average tenure), which suggests a new board.