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Leaders in charge of 2 new divisions that separate competitive, regulated business
By Betty Lin-Fisher
Beacon Journal business writer
Published on Wednesday, Feb 20, 2008
FirstEnergy Corp. promoted several executives Tuesday in what it called an effort to further separate the electric utility's competitive and regulated businesses.
Effective March 2, Gary R. Leidich will be executive vice president and president of FirstEnergy Generation, and Richard R. Grigg will be executive vice president and president of FirstEnergy Utilities.
''We are fortunate to have two skilled, experienced and widely respected executives who are highly qualified to manage the next logical step in our evolution — from the legal separation of our competitive generation and regulated utility businesses that we completed in 2005, to our new structure, with independent leaders charged with maximizing the performance and value of their respective organizations,'' FirstEnergy President and Chief Executive Anthony J. Alexander said.
Also effective March 2, the board of directors has promoted:
• Senior Vice President, Strategic Planning & Operations, Mark T. Clark, to executive vice president, strategic planning & operations.
• Senior Vice President and General Counsel Leila L. Vespoli to executive vice president and general counsel.
• Vice President, Corporate Group Administration, Thomas C. Navin to vice president, investment management.
• Vice President, Site Construction, Dennis J. Fuster to vice president, project construction.
• Regional President of Pennsylvania Electric Co. (Penelec) John E. Paganie, to vice president, energy efficiency.
Leidich, now senior vice president of operations, will have responsibility for nonnuclear generation operations, all commodity sales and purchases, retail competition, generation and environmental construction projects, environmental compliance and the development and expansion of FirstEnergy's generating fleet.
He also will lead First-Energy's power generation subsidiaries, and will be responsible for FirstEnergy Solutions, the company's competitive subsidiary.
Grigg, who will have responsibility for energy delivery, customer service and compliance with Federal Energy Regulatory Commission transmission
requirements, will lead First-Energy's seven regulated electric utility operating companies in Ohio, Pennsylvania and New Jersey.
He also will be responsible for managing the approximately $700 million spent annually to upgrade transmission and distribution infrastructure.
Grigg is currently executive vice president and chief operating officer. FirstEnergy spokeswoman Ellen Raines said the company will not have a chief operating officer to replace Grigg.
Betty Lin-Fisher can be reached at
330-996-3724 or blinfisher@
thebeaconjournal.com.
FirstEnergy Corp. promoted several executives Tuesday in what it called an effort to further separate the electric utility's competitive and regulated businesses.
Get the full article here.
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