Electric services company FirstEnergy Corp. announced the appointment of Soubhagya Parija as vice president and chief risk officer.

The announcement came the same day the company agreed to pay a $230 million criminal penalty as part of a settlement with the U.S. Attorney’s Office for the Southern District of Ohio surrounding the state’s nuclear bailout federal corruption scandal. FirstEnergy also entered a three-year DPA as part of the resolution.

Jaclyn Jaeger is a freelance contributor to Compliance Week after working for the company for 15 years. She writes on a wide variety of topics, including ethics and compliance, risk management, legal,...