FirstEnergy Names Mark Andrade Vice President, Enterprise Technology
Rhea-AI Summary
FirstEnergy Corp. (NYSE: FE) has appointed Mark Andrade as Vice President, Enterprise Technology, effective Dec. 2. Andrade will lead the company's technology modernization and digital transformation initiatives, reporting to John Combs, Senior Vice President, Shared Services. He brings over 35 years of experience, most recently serving as Executive Director, Chief Technology Officer, Enterprise Platforms at JPMorgan Chase & Co. FirstEnergy's electric distribution companies serve more than 6 million customers across six states and operate over 24,000 miles of transmission lines connecting the Midwest and Mid-Atlantic regions.
Positive
- Appointment of experienced technology executive with proven track record in digital transformation
- Strategic focus on technology modernization to improve operational efficiency
- Extensive enterprise platform modernization experience from major financial institutions
Negative
- None.
News Market Reaction
On the day this news was published, FE gained 0.55%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Brings more than 35 years of experience leading large-scale technology transformations
John Combs, Senior Vice President, Shared Services: "Mark is a forward-thinking executive recognized for operational excellence and his ability to build high-performing teams. With his expertise in digital and organizational transformation, enterprise architecture and cloud solutions, I'm confident Mark will help FirstEnergy continue harnessing the power of technology to empower our employees, better serve our customers and advance our transition into a premier electric company."
Andrade joins FirstEnergy from JPMorgan Chase & Co., where he was Executive Director, Chief Technology Officer, Enterprise Platforms since 2018. In this role, he executed an enterprise platform modernization strategy, aligned technology investments and led the transformation of legacy systems to modern, cloud-based platforms to enable the organization's long-term strategic goals. Previously, Andrade spent 14 years in technology leadership roles at Wolters Kluwer, including Global Head of Enterprise Platforms and Operations. Earlier in his career, Andrade held information technology roles of increasing responsibility at Bloomberg, Magellan Health Services, Ameren UE, Mercantile Bank, Venture and Belk Stores Services. Andrade is Lean Six Sigma certified.
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
Editor's Note: A professional photo of Mark Andrade is available to download on Flickr.
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SOURCE FirstEnergy Corp.
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