Nov. 6, 2001 – FirstEnergy Corp. today closed its merger with GPU, Inc., and announced that members of its Board of Directors have been named. The effective date of the merger is Wednesday, November 7, 2001.
“With today’s closing of our merger, we will begin operating as a larger, stronger company, better positioned to provide significant benefits to our customers, shareholders and employees,” said FirstEnergy Chief Executive Officer H. Peter Burg.
FirstEnergy’s Board of Directors consists of sixteen members – ten from FirstEnergy and six from GPU. The following members of the Board of Directors have been named from FirstEnergy:
H. Peter Burg, FirstEnergy vice chairman and chief executive officer; Dr. Carol A. Cartwright, president of Kent State University; William F. Conway, president of William F. Conway & Associates, Inc.; Robert B. Heisler, Jr., chairman and CEO of KeyBank and executive vice president of KeyCorp; Robert L. Loughhead, retired chairman of the board, president and CEO of Weirton Steel Corporation; Russell W. Maier, retired chairman of the board and CEO of Republic Engineered Steels, Inc.; Paul J. Powers, retired chairman of the board and CEO of Commercial Intertech Corp.; Robert C. Savage, president and CEO of Savage & Associates, Inc.; George M. Smart, president of Sonoco- Phoenix, Inc.; and Jesse T. Williams, Sr., retired vice president of Human Resources Policy, Employment Practices and Systems of The Goodyear Tire & Rubber Company.
The following members of the Board of Directors have been named from GPU:
Fred D. Hafer, FirstEnergy chairman; John M. Pietruski, chairman of the board of Texas Biotechnology Corporation; Robert N. Pokelwaldt, retired chairman of the board and CEO of YORK International Corporation; Catherine A. Rein, president and CEO of Metropolitan Property and Casualty Company; Carlisle A. H. Trost, Admiral, United States Navy (retired), former chief of naval operations; Dr. Patricia K. Woolf, consultant, author and lecturer, Department of Molecular Biology, Princeton University.
FirstEnergy, headquartered in Akron, Ohio, will be a registered holding company. Its various subsidiaries have annual revenues of more than $12 billion, and electric sales of approximately 124 billion kilowatt-hours.
Its seven electric utility operating companies – Ohio Edison, The 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.