FirstEnergy Capital Corp. appointed John Chambers as its CEO, the company said March 6. He replaces Jim W. Davidson in the role, the company added, noting that Davidson will become company executive chairman.
Chambers has been managing director and president since 2007, and as CEO will continue to lead the executive committee, FirstEnergy Capital said.
"The appointment results from our long-standing succession plan and unfolds as a natural evolution of the firm," said Davidson, who co-founded the firm.
He added, "John is a proven leader with in-depth industry knowledge. His ...