FirstEnergy

CEO Brian Tierney, formerly a senior executive at a leading peer, joined in 2023 and has emphasized operational discipline, regulatory execution and balance sheet repair.

Governance reforms followed shareholder derivative actions, and the company completed the core term of its 2021 DOJ DPA in July 2024. That said, reputational rebuilding continues as former executives face trial, and Ohio regulators remain focused on reliability and restitution.

Compensation optics are a mild negative, but strategic and financing actions since 2021 have been accretive to business quality. Overall, management credibility is improving from a lower base.