Three to leave FirstEnergy board of directors

These changes will bring the size of FirstEnergy's board to 13 members

Feb 21st, 2017
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FirstEnergy Corp. announced that Robert B. (Yank) Heisler, Jr., Ted J. Kleisner and Ernest J. Novak, Jr., will conclude their service to the FirstEnergy board of directors at the company's annual meeting on May 16. These changes will bring the size of FirstEnergy's board to 13 members.

"Collectively, Yank, Ted and Ernie have provided 46 years of service to FirstEnergy and our predecessor companies," said Chairman of the Board George M. Smart. "Their counsel and business expertise helped FirstEnergy navigate through a changing and challenging period in the utility industry. We appreciate their service and wish them well in the future."

Heisler, 68, is concluding his service due to health reasons. He has been a director of FirstEnergy Corp. since 2006 and from 1998 to 2004, and is a member of the audit and compensation committees.

In 2011 he retired as Dean of the College of Business Administration and Graduate School of Management of Kent State University. Earlier in his career he served as CEO of the McDonald Financial Group, and he was a long-time executive vice president of KeyCorp. Heisler is the retired chairman of the board of KeyBank N.A.

Kleisner, 72, is retiring from the board. He has been a director of FirstEnergy since the merger with Allegheny Energy in 2011, and was a director of Allegheny Energy from 2001 to 2011. He serves on the compensation and nuclear committees. Kleisner is a retired chairman and CEO of Hershey Entertainment & Resorts Company. Earlier, he served as president of CSX Hotels, Inc., and as president and CEO of The Greenbrier Resort & Club Management Co.

Novak, 72, is retiring from the board after 13 years of service. He is a member of the audit and finance committees. He retired in 2003 as managing partner of the Cleveland office of Ernst & Young LLP, and is currently a director of BorgWarner, Inc. and A. Schulman, Inc.

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