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FirstEnergy鈥檚 chief executive officer has abruptly announced his retirement after just under two years on the job.
Steve Strah took over when FirstEnergy鈥檚 board of directors fired the previous CEO following an internal investigation into the federal racketeering case surrounding the House Bill 6 energy law.
with the Securities and Exchange Commission said Steve Strah announced on Thursday he鈥檇 retire the next day. He鈥檚 also resigned from the board of directors. He won鈥檛 receive a severance package, but does receive other retirement compensation.
Strah took over after CEO in October 2020, and signed last year鈥檚 plea deal in which FirstEnergy admitting to bribing Republican former Speaker Larry Householder and former Public Utilities Commission chair Sam Randazzo and agreeing to pay $230 million.
Householder has pleaded not guilty and . Randazzo hasn鈥檛 been charged.
John Somerhalder II was named interim president and CEO of FirstEnergy. He's currently the chair of the board of directors, which will start a national search for Strah's permanent replacement.
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