FirstEnergy Names Parija VP, Chief Risk Officer

AKRON, Ohio — FirstEnergy Corp. announced this week that Soubhagya Parija has been named vice president and chief risk officer, effective Aug. 16.

In this role, he will develop and execute a risk program that reflects FirstEnergy’s core values and behaviors; establish standards and implement robust processes and procedures to identify, mitigate, and prevent risks across the company; and support efforts by the board of directors and senior leadership to implement, review and approve the company’s enterprise-wide risk governance and compliance framework.

“Soubhagya is a respected leader in the risk management field with demonstrated experience building and leading best-in-class enterprise-risk programs at utilities and other key industries,” says Steven E. Strah, president and CEDO. “His track record of managing risk across large organizations – while embracing an unwavering commitment to integrity and ethical behavior – makes him an excellent addition to our leadership team.”

Soubhagya has decades of risk, compliance, and governance experience and is a former board member of the Risk & Insurance Management Society. From 2015 to earlier this year, he served as senior vice president and chief risk officer at the New York Power Authority, the nation’s largest state-owned utility.

Soubhagya graduated from Jawaharlal Nehru University in India with a master’s degree in economics. He received his master of business administration and finance from the Kelley School of Business at Indiana University.

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