Exelon Announces Leadership Changes as the Company Shapes the Future of Power Distribution and Grid Transformation

CHICAGO–(BUSINESS WIRE)–Exelon (Nasdaq: EXC) today announced that it has promoted Calvin G. Butler Jr. to President and Chief Operating Officer and Jeanne Jones to Executive Vice President and Chief Financial Officer. Former President and CEO Chris Crane continues to serve as Exelon’s CEO, leading the company’s 18,000 employees who serve more than 10 million customers in five states and the District of Columbia in six energy distribution companies – Atlantic City Electric, BGE, ComEd, Delmarva Power, PECO and Pepco.

“This is a pivotal time for the energy industry as we invest in the grid to ensure its reliability, resilience and security, while expanding access to renewable energy, enabling decarbonization targets and pursuing the electrification of the transport sector,” said Chris Crane, CEO of Exelon. “Throughout Exelon’s evolution as a company, we have achieved our goals with highly skilled management teams to deliver exceptional results, and I am proud that we have such a talented team on board.

This is an expanded role for Butler, who previously served as senior executive vice president and chief operating officer. Butler joined Exelon in 2008, holding several management positions at Exelon, ComEd and BGE. In addition to leading operations serving Exelon’s electricity and natural gas customers, Butler will now oversee several corporate functions, including information technology, procurement, facilities, security, communications and business relationships.

“Calvin has been instrumental in the growth and transformation of Exelon during his 14 years on our leadership team and is a guiding force in our work to ensure customers, equity and community support we serve remain central to our strategy,” said Crane. “Calvin leads a team resolutely focused on growing the business to enable a cleaner, brighter future for our customers and communities. »

“It is an honor to work with Exelon’s more than 18,000 employees building on our company’s track record of success in providing safe, reliable, affordable and equitable energy services to our customers in some of the metropolitan areas. largest and most diverse in the United States. “, Butler said. “We greatly value our role as a partner with the communities and customers we serve to lead the transformation of the network to achieve our shared climate and economic development goals.

Jeanne Jones, previously Senior Vice President of Corporate Finance, succeeds Joseph Nigro as Chief Financial Officer of Exelon. Jones joined Exelon in 2007. She has extensive experience in financial planning, cost management, capital budgeting, project management, investor relations and treasury operations in the businesses of Exelon before and after the separation. Previously, Jones served as Chief Financial Officer of ComEd, which provides electricity to more than 4 million residential and commercial customers in northern Illinois. She also served as Exelon Nuclear’s Vice President of Finance and Chief Financial Officer of Exelon’s Joint Venture Nuclear Group.

“Jeanne brings extensive utility finance experience to the role of Chief Financial Officer and was instrumental in shaping the new Exelon as we separated the energy delivery and power generation businesses. We look forward to his continued vision and leadership as we redefine how energy companies advance sustainability and improve performance,” said Crane.

As Chief Financial Officer, Nigro has overseen Exelon’s financial activities since 2018, most recently through the successful separation of the company’s competitive power generation business. Nigro was CEO of Constellation’s retail and wholesale power trading business from 2013 to 2018 and spent 26 years at Exelon at a time when the power industry was restructuring power markets to enable the competitive sale of electricity, natural gas and other energy-related products and services to customers throughout the country. He will serve as Senior Advisor to the CEO until March 31, 2023.

“We thank Joe for his 26 years of service with the company and for his work in successfully spinning off the older generation and competitive energy business of Exelon earlier this year. Joe was instrumental in growing Constellation’s competitive energy business during his tenure as CEO,” Crane said.

Exelon is the country’s largest power transmission and distribution company. More information about Exelon is available at exeloncorp.com.

About Exelon

Exelon (Nasdaq: EXC) is a Fortune 200 company and the nation’s largest energy delivery company, serving more than 10 million customers through six fully regulated transmission and distribution utilities – Atlantic City Electric ( ACE), Baltimore Gas and Electric (BGE), Commonwealth Edison (ComEd), Delmarva Power & Light (DPL), PECO Energy Company (PECO) and Potomac Electric Power Company (Pepco). More than 18,000 Exelon employees dedicate their time and expertise to delivering a cleaner, brighter future for our customers and communities through reliable, affordable and efficient energy delivery, workforce development work, equity, economic development and volunteerism. Follow Exelon on Twitter @Exelon.

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