When you daydream about what retirement will look like, do you think of golf? Gardening? Maybe spending time with the grandkids?
Chris Pappas, who stepped down as CEO of materials supplier Trinseo in 2019, is spending it as executive director of FirstEnergy Corp., an Ohio utility that just terminated CEO Charles Jones and two senior vice presidents "effective immediately." FirstEnergy has found itself embroiled in a scandal that has also seen Ohio officials arrested and charged in a bribery scandal.
It's a long and complicated story that involves a former Ohio Speaker of the House and $61 million in bribes. You can find more from our sister publication Crain's Cleveland Business here.
Pappas, who remained on the Trinseo board until October 2020, will serve as executive director in a nonmanagement role, FirstEnergy said. Steven E. Strah, FirstEnergy's president, has been named acting CEO.