---
schema_version: "secwatch.filing_event.v1"
accession: "0001031296-22-000061"
form_type: "8-K"
ticker: "FE"
cik: "0001031296"
company_name: "FIRSTENERGY CORP"
filed_at: "2022-09-15T23:59:59+00:00"
generated_at: "2026-06-23T09:17:17.916629+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# FirstEnergy CEO Steven Strah retires; Board Chair Somerhalder named interim CEO; 2022 outlook reaffirmed

## Summary
- CEO Steven E. Strah retired effective Sep 16, 2022; Board Chair John W. Somerhalder II appointed interim President and CEO.
- Board will search for permanent CEO externally; Somerhalder compensation includes $1.25M salary, 125% STI target, $600K/month in shares.
- Strah receives no severance; eligible for standard retirement benefits including pension, deferred comp, and prorated incentive awards.
- 2022 earnings guidance reaffirmed; expects results in upper half of range; balance sheet improvement via organic cash flow and minority asset sale.
- Board completed management review previously announced in connection with derivative litigation settlement.

## SEC filing metadata
- accession: 0001031296-22-000061
- form_type: 8-K
- ticker: FE
- cik: 0001031296
- company_name: FIRSTENERGY CORP
- filed_at: 2022-09-15T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1031296/000103129622000061/0001031296-22-000061-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1031296/000103129622000061/fe-20220915.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001031296-22-000061
- JSON: https://secwatch.observer/filing/0001031296-22-000061.json
- Plain text: https://secwatch.observer/filing/0001031296-22-000061.txt

## Key facts
- Executive change
  Steven E. Strah retired as President and Chief Executive Officer at FIRSTENERGY CORP.
  - Action: retired
  - Role: President and Chief Executive Officer
  source text: the decision by Steven E. Strah on September 15, 2022 to retire as the President and Chief Executive Officer of the Company, effective as of September 16, 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/1031296/000103129622000061/0001031296-22-000061-index.htm
- Executive change
  John W. Somerhalder II was appointed as Interim President and Chief Executive Officer at FIRSTENERGY CORP.
  - Action: appointed
  - Role: Interim President and Chief Executive Officer
  source text: the Board of Directors (the “Board”) of the Company has appointed Mr. John W. Somerhalder II to serve as Interim President and Chief Executive Officer of the Company, effective as of September 16, 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/1031296/000103129622000061/0001031296-22-000061-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.