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Posted 01 October, 2021

EXELON CORP appointed new CEO

CEO Change detected for ticker Nasdaq:EXC in a 8-K filed on 01 October, 2021.


  Exelon and ComEd also announced that effective October 1, 2021, Calvin Butler, Chief Executive Officer of Exelon Utilities, will assume the role of Chief Executive Officer of ComEd on an interim basis until a permanent replacement is announced.  

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Overview of EXELON CORP
Companies on the Energy Service • Multiutilities
Exelon Corp. is a utility services holding company, which engages in the energy distribution and transmission businesses. It operates through the following segments: Commonwealth Edison Company (ComEd), PECO Energy Company (PECO), Baltimore Gas and Electric Company (BGE), Potomac Electric Power Company (Pepco), Delmarva Power & Light Company (DPL), and Atlantic City Electric Company (ACE). The company was founded in February 1999 and is headquartered in Chicago, IL.
Market Cap
$36.9B
View Company Details
EXELON CORP by TradingView
Relevant filing section
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. 


On October 1, 2021, Exelon Corporation ("Exelon") announced that Joseph Dominguez, Chief Executive Officer of Commonwealth Edison Company ("ComEd"), was stepping down from his position and the board of directors of ComEd, effective immediately. Mr. Dominguez will assume the role of Chief Executive Officer of Exelon Generation Company, LLC ("Generation") and will become the Chief Executive Officer of the new public company (to be called Constellation) which will own the competitive power generation and customer-facing retail energy business currently conducted by Generation once the previously announced separation of such businesses from Exelon's six regulated electric and gas utilities business occurs. The completion of the separation is planned for the first quarter of 2022. 


Exelon and ComEd also announced that effective October 1, 2021, Calvin Butler, Chief Executive Officer of Exelon Utilities, will assume the role of Chief Executive Officer of ComEd on an interim basis until a permanent replacement is announced. Mr. Butler, age 52, has served as Chief Executive Officer of Exelon Utilities since 2019. He previously served as Chief Executive Officer of Baltimore Gas and Electric Company, a subsidiary of Exelon, from 2014 to 2019. No new compensatory or severance arrangements were entered into in connection with Mr. Butler's appointment as Interim Chief Executive Officer of ComEd.