FirstEnergy Announces New Executive Hires

November 13, 2024

Today, FirstEnergy announced two new executive hires who will join the company in November.

Investor Relations Vice President

Karen Sagot will join FirstEnergy as Vice President, Investor Relations, effective Nov. 10. Karen will report to Jon Taylor, Senior Vice President and Chief Financial Officer & Strategy.

In this role, Karen will manage and oversee communications with our investors, leading and executing our investor relations strategy in alignment with our corporate objectives and promoting the company’s financial and strategic vision.

Karen most recently served as the Head of Investor Relations at Enphase Energy, where she worked closely with senior leadership to create a proactive and superior investor relations strategy, including long-term investor targeting, shareholder diversification and investor engagement. She also has almost two decades of experience in corporate and investment banking, including Managing Director roles at both J.P. Morgan and Bank of America Merrill Lynch, where she led and managed transactions and clients across a wide variety of industries, including utilities, and contributed to the setting of company strategy.

“Karen’s proven track record of developing relationships through strategic and transparent communications across a number of industries makes her the ideal candidate for this role,” said Jon. “She is a strategic and decisive leader who brings a deep understanding of our industry. I look forward to welcoming Karen to our Finance leadership team.”

Karen earned bachelor’s and master’s degrees in economics and finance from Brandeis University in Waltham, Massachusetts.

Continuous Improvement Vice President

Sean Davies will join FirstEnergy as Vice President of Continuous Improvement, effective Nov. 18. He will report to John Combs, Senior Vice President, Shared Services.

Sean will focus on driving innovation and operational efficiency across the company. With more than three decades of proven experience in driving global and enterprise-wide transformations, organizational change, operational excellence and continuous improvement, he will be instrumental in developing and implementing strategies to optimize business processes, improve performance and achieve the company’s strategic objectives.

“We are committed to embedding a continuous improvement mindset into our company, including moving beyond continuous improvement as a project-based initiative and towards it being part of who we are as a company and who we are as employees,” said John. “With deep experience leading global and enterprise-wide transformations, organizational change and operational excellence, I am confident Sean will drive the continuous improvement we need and enable us continually refine and enhance the work we do, as well as how we do it, to best serve our customers and continue our transition to becoming a premier electric company.”

Sean was most recently with J.P. Morgan Chase, where he served as Senior Executive Director, Head of Business Management, Governance, Risk and Compliance. In this role, he was the Chief of Staff for Enterprise Technology Services and led transformation, strategy enablement, operational excellence and numerous other teams to deliver continuous improvement. He also has held leadership roles with Wolters Kluwer, Think Systems, Walden University, Phillips Corporate, Digna Machine and Laser Applications.

Sean is a certified LEAN practitioner and Prosci practitioner. He holds a Bachelor of Science degree in Mechanical Engineering from University of Maryland Baltimore County and a Master of Business Administration from Loyola College in Baltimore, Maryland. Previously, he was also an Adjunct Professor at Loyola University of Maryland.

In the coming weeks, we will be aligning the appropriate business functions that will be instrumental to embedding a continuous improvement mindset across FirstEnergy. We will communicate additional reporting structure changes as decisions are finalized and information is available. We anticipate an update prior to the end of the year.