FirstEnergy Solutions Corp. and FirstEnergy Nuclear Operating Company announced that the Board of Directors approved the appointment of a new senior management team to lead the Company through the successful conclusion of its restructuring process. The new senior management team will also lead the Company post emergence as a fully integrated Independent Power Producer, focused on maximizing the potential of its retail, nuclear and fossil generating assets.

FES will continue operating its nuclear and fossil generation until their previously announced deactivation dates, with a possibility of running the units for an extended period if the Company obtains sufficient legislative support and meaningful market reforms. The appointments are effective March 3, 2019. John W. Judge has been appointed President and Chief Executive Officer. Mr. Judge will succeed Mr. Schneider, who is resigning from his position as Chief Executive Officer of FES and will be retiring as an officer on May 1, 2019.

Mr. Schneider will maintain his role as Chairman through the conclusion of the restructuring process. Don Moul, President of FES Generation Companies and Chief Nuclear Officer will be resigning from these positions. Paul Harden will assume the responsibilities of Chief Nuclear Officer.

As EVP, Retail Sales and Commercial Operations, Brian Farley will be tasked with revitalizing the retail business to provide a compelling suite of solutions for its customers. Brian will work with his team to lead a best-in-class wholesale and retail supply business. Stephen Burnazian joins the leadership team as EVP, Corporate Development.

Stephen will lead the FES effort to explore expansion and growth opportunities, including partnerships and prospects for acquiring new assets to enhance the value of the FES franchise. Dave Griffing will continue in his role as VP, Government Affairs, to ensure the new company creates and maintains working relationships with key officials in both Ohio and Pennsylvania, where the company owns and operates facilities and plants. He will continue to lead the company's efforts to seek legislative support and market reforms to prevent the premature retirement of the company's grid critical baseload assets.

Kevin Warvell will become Chief Risk Officer in addition to his current role as Chief Financial Officer and Corporate Secretary. Kevin brings substantial power finance experience that he will utilize to improve the FES cost structure across its key businesses and ensure disciplined deployment of capital. Rick Giannantonio will continue to serve as the Company's General Counsel.