Exelon Announces Key Leadership Changes

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Michael Innocenzo, the current President and CEO of PECO Energy Company, will transition to the role of Executive Vice President and Chief Operating Officer of Exelon effective April 1, 2024. In his new role, he will oversee all utility operations and will be appointed as a director of Commonwealth Edison Company. Calvin G. Butler, Jr., the current President and CEO of Exelon, will resign his position as a director of ComEd on March 31, 2024. Additionally, David Velazquez will succeed Innocenzo as President and CEO of PECO.

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About Exelon Corporation

Exelon Corporation is a leading American energy provider primarily recognized for its role as one of the largest competitive power generators in the United States. Operating through its multi-faceted subsidiaries, Exelon generates electricity, distributes energy, and offers services to customers in a variety of forms, including nuclear, fossil, wind, hydroelectric, and solar power. The corporation's key function lies in its ability to deliver efficient electricity services to residential, commercial, and governmental sectors, ensuring reliability and sustainability. Headquartered in Chicago, Illinois, Exelon plays a significant part in the transition toward clean energy, leveraging its extensive nuclear operations to reduce carbon emissions and meet evolving environmental standards. Furthermore, Exelon's commitment to innovation in energy management and its efforts toward clean energy initiatives underscore its importance in the broader context of energy policy and environmental goals. The company is closely engaged in regulatory sectors and governmental partnerships, which bolster its position within the market as a pioneer in energy solutions and service reliability.