{"id":109713,"date":"2021-03-16T21:13:22","date_gmt":"2021-03-16T21:13:22","guid":{"rendered":"https:\/\/fin2me.com\/?p=109713"},"modified":"2021-03-16T21:13:22","modified_gmt":"2021-03-16T21:13:22","slug":"electric-utility-firstenergy-to-give-carl-icahn-two-board-seats","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/electric-utility-firstenergy-to-give-carl-icahn-two-board-seats\/","title":{"rendered":"Electric utility FirstEnergy to give Carl Icahn two board seats"},"content":{"rendered":"<p>(Reuters) &#8211; Electric utility company FirstEnergy Corp said on Tuesday it would add two members backed by activist investor Carl Icahn to its board.<\/p>\n<p>The company, which last week named a new chief executive officer after a bribery scandal led to the ouster of its former boss and two other executives, will appoint Icahn Capital employees Andrew Teno and Jesse Lynn to the board.<\/p>\n<p>Following the addition, the company\u2019s board will have 14 directors, FirstEnergy said.<\/p>\n<p>The two new directors will serve on committees focused on helping the company improve its compliance.<\/p>\n<p>The Akron, Ohio-based utility said in February that Icahn was looking to buy a stake worth between $184 million and $920 million, citing a letter from him dated Feb. 16.<\/p>\n<p>Source: <a href=\"https:\/\/www.reuters.com\/article\/us-firstenergy-carl-ichan\/electric-utility-firstenergy-to-give-carl-icahn-two-board-seats-idUSKBN2B82MV\" target=\"_blank\" rel=\"noopener noreferrer\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Reuters) &#8211; Electric utility company FirstEnergy Corp said on Tuesday it would add two members backed by activist investor Carl Icahn to its board. The [&#8230;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Electric utility FirstEnergy to give Carl Icahn two board seats - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/markets\/electric-utility-firstenergy-to-give-carl-icahn-two-board-seats\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Electric utility FirstEnergy to give Carl Icahn two board seats - Fin2me\" \/>\n<meta property=\"og:description\" content=\"(Reuters) &#8211; Electric utility company FirstEnergy Corp said on Tuesday it would add two members backed by activist investor Carl Icahn to its board. 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