FirstEnergy Names Michael Auseré Vice President, Financial Planning and Analysis
FirstEnergy Corp. (NYSE: FE) has appointed Michael Auseré as Vice President of Financial Planning and Analysis, effective June 2.
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Rhea-AI Summary
FirstEnergy Corp. (NYSE: FE) has appointed Michael Auseré as Vice President of Financial Planning and Analysis, effective June 2. Reporting to CFO Jon Taylor, Auseré will oversee the company's long-range planning and budgeting processes to support financial objectives and strategic initiatives. With over 25 years of energy industry experience, Auseré joins from Eversource Energy, where he served as VP of Business Development. His previous roles include VP of Financial Planning at Eversource, financial positions at Energy Future Holdings, and public accounting at PwC. FirstEnergy serves over 6 million customers across six states and operates more than 24,000 miles of transmission lines connecting the Midwest and Mid-Atlantic regions.
Positive
- Appointment of an experienced executive with 25+ years of energy industry expertise
- Strong background in financial planning and business development from major energy companies
- Expertise in managing budgets for utilities serving millions of customers
Negative
- None.
Details
News Market Reaction – FE
The recorded move for FE in the trading session of this news was -0.22%.
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AI-generated analysis. How Rhea-AI works. Not financial advice.
In this role, Auseré will have responsibility for FirstEnergy's long-range planning and budgeting processes and support overall achievement of the company's financial objectives and strategic initiatives. He will report to Jon Taylor, Senior Vice President and Chief Financial Officer, and will be relocating to
Jon Taylor, Senior Vice President and Chief Financial Officer: "Michael will be instrumental in working across our major businesses to develop a financial plan that will drive FirstEnergy's continued growth and success. His expertise in business planning and leading transformative change in the energy industry will support our objectives of maximizing shareholder returns and cash flows while minimizing customer bill impacts."
Auseré joins FirstEnergy with more than 25 years of energy industry experience. He most recently served as Vice President of Business Development at Eversource Energy, New England's largest energy provider. Earlier, he was the company's Vice President, Financial Planning and Analysis, leading budgeting and long-range planning for power and gas utilities serving 4 million customers in
Auseré began his career in public accounting at PwC, where he audited multinational energy companies and advised on mergers and security offerings.
He holds bachelor's and master's degrees in accounting from the University of
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 Michael Auseré is available for download on Flickr.
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SOURCE FirstEnergy Corp.
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