March 21, 2002 — FirstEnergy Corp. announced that its Board of Directors named H. Peter Burg, 55, chairman and chief executive officer of FirstEnergy, effective at the company’s Annual Meeting of Shareholders on May 21.
Burg currently serves as FirstEnergy’s vice chairman and chief executive officer. He will succeed Fred D. Hafer, FirstEnergy’s current chairman, who announced last week his decision not to seek re-election to the Board, and to retire from the company in May.
A native of Akron, Ohio, Burg began his career with Ohio Edison in 1968. Following a series of promotions, he was elected treasurer in 1974, vice president in 1985, senior vice president and chief financial officer in 1989, and served as interim president of Ohio Edison subsidiary Pennsylvania Power Company from August 1994 through May 1995.
He was elected president of Ohio Edison in 1996, president and chief executive officer of FirstEnergy in April 1999, and chairman and chief executive officer in January 2000. Burg was elected to his current position in November 2001.
FirstEnergy is a registered public utility holding company headquartered in Akron, Ohio. Its various subsidiaries produce annual revenues of more than $12 billion, and sell approximately 124 billion kilowatt-hours of electricity.
Its seven electric utility operating companies — Ohio Edison, The Cleveland Electric Illuminating Company, Toledo Edison, Metropolitan Edison, Pennsylvania Electric, Pennsylvania Power and Jersey Central Power & Light — comprise the nation’s fourth largest investor-owned electric system, based on serving 4.3 million customers in a 36,100-square-mile service area that stretches from the Ohio-Indiana border to the New Jersey shore.
FirstEnergy subsidiaries and affiliates provide a wide range of energy and energy-related products and services, including the generation and sale of electricity; exploration and production of oil and natural gas; transmission and marketing of natural gas; mechanical and electrical contracting and construction; energy management; and telecommunications.