Edition:
India

Exelon Corp (EXC.N)

EXC.N on New York Stock Exchange

49.90USD
18 Jun 2019
Change (% chg)

$-0.55 (-1.09%)
Prev Close
$50.45
Open
$50.66
Day's High
$50.69
Day's Low
$49.53
Volume
1,504,520
Avg. Vol
1,472,836
52-wk High
$51.18
52-wk Low
$40.98

Summary

Name Age Since Current Position

Mayo Shattuck

64 2013 Independent Chairman of the Board

Christopher Crane

60 2012 President, Chief Executive Officer, Director

Joseph Dominguez

56 2018 Chief Executive Officer, ComEd

Joseph Nigro

54 2018 Senior Executive Vice President and Chief Financial Officer

Calvin Butler

49 2014 Chief Executive Officer, BGE

Michael Innocenzo

53 2018 President and Chief Executive Officer, PECO

Anne Pramaggiore

60 2018 Senior Executive Vice President, Exelon and Chief Executive Officer, Exelon Utilities

David Velazquez

59 2016 President, Chief Executive Officer, PHI

Paymon Aliabadi

56 2013 Executive Vice President, Chief Risk Officer

Kenneth Cornew

54 2013 Senior Executive Vice President, Chief Commercial Officer

William Von Hoene

65 2012 Senior Executive Vice President, Chief Strategy Officer, Exelon

Fabian Souza

48 2018 Senior Vice President, Corporate Controller,

Jonathan Thayer

47 2018 Chief Transformation Officer

Anthony Anderson

63 2013 Independent Director

Ann Berzin

66 2012 Independent Director

Laurie Brlas

61 2018 Independent Director

Yves De Balmann

72 2012 Independent Director

Nicholas DeBenedictis

73 2002 Independent Director

Linda Jojo

53 2015 Independent Director

Paul Joskow

71 2007 Independent Director

Robert Lawless

72 2012 Independent Director

Richard Mies

74 2009 Independent Director

Stephen Steinour

60 2007 Independent Director

John Young

62 2018 Independent Director

Emily Duncan

2019 IR Contact Officer

Biographies

Name Description

Mayo Shattuck

Mr. Mayo A. Shattuck III, is Independent Chairman of the Board of the Company. He previously served as Executive Chair of Exelon from 2012 to 2013. Prior to joining Exelon, Mr. Shattuck was the Chairman, President and Chief Executive Officer of Constellation Energy from 2001 until 2012, when Constellation merged with Exelon. Prior to this, Mr. Shattuck was at Deutsche Bank, where he served as Chairman of the Board of Deutsche Bank Alex. Brown Inc. and, during his tenure, also served as Global Head of Investment Banking and Global Head of Private Banking. Mr. Shattuck is the past chairman of the Institute of Nuclear Power Operations and was previously a member of the executive committee of the board of Edison Electric Institute. He was also co-chairman of the Center for Strategic & International Studies Commission on Nuclear Policy in the United States. Mr. Shattuck currently serves as a director of Gap Inc. (clothing retailer), Capital One Financial Corporation, and at Alarm.com Holdings, Inc. (cloud-based security and monitoring services).

Christopher Crane

Mr. Christopher M. Crane is President, Chief Executive Officer, Director of the Company. Mr. Crane oversees a family of companies representing every stage of the energy business, including Exelon Generation and Exelon’s six utilities, which deliver electricity and natural gas to approximately 10 million customers in Delaware, the District of Columbia, Illinois, Maryland, New Jersey, and Pennsylvania. Previously, he served as President and Chief Operating Officer of Exelon and Exelon Generation from 2008 to 2012. In that role, he oversaw one of the largest, cleanest, and lowest-cost power generation fleets in the country, with a multi-regional reach and the nation’s largest fleet of nuclear power plants. He directed a broad range of activities including major acquisitions, transmission strategy, cost management initiatives, major capital programs, generation asset optimization and generation development. Mr. Crane is one of the leading executives in the electric utility and power industries. He is vice-chairman and a member of the executive committee of the Edison Electric Institute. He also serves as chair of the Institute of Nuclear Power Operations, the industry organization promoting the highest levels of safety and reliability in nuclear plant operation. He also serves as a director of Aegis Insurance Services (mutual insurance company providing liability and property coverage to the energy industry). Mr. Crane previously served as vice chairman of the Nuclear Energy Institute, the nation’s nuclear industry trade association and as a director of Aleris International Inc. from 2010 until 2013. Mr. Crane also serves as Chair of the boards of directors of Exelon subsidiaries Baltimore Gas and Electric Company, Commonwealth Edison Company, PECO Energy Company, and Pepco Holdings LLC.

Joseph Dominguez

Mr. Joseph Dominguez Chief Executive Officer, ComEd of the Company effective August 1, 2018. He has served as Senior Vice President - Federal Regulatory Affairs & Public Policy of Exelon from 2010 - Present , Senior Vice President - State Governmental Affairs of Generation from 2010 - Present, Senior Vice President - State Regulatory Affairs and General Counsel of Generation 2010 - 2010, Senior Vice President - Communications and Public Affairs of Exelon 2009 - 2010, Senior Vice President - Exelon Business Services Company; Senior Vice President, Generation from 2007 - 2010, Vice President and Associate General Counsel, Exelon Business Services Company 2004 - 2007.

Joseph Nigro

Mr. Joseph Nigro is Senior Executive Vice President and Chief Financial Officer of the company. He has been Executive Vice President, Exelon and Chief Executive Officer of Constellation since May 28, 2013, and also served as Senior Vice President, Portfolio Management and Strategy, since March 2011.

Calvin Butler

Mr. Calvin G. Butler, Jr., is Chief Executive Officer of Baltimore Gas and Electric Company, a subsidiary of the Company. He has served as BGE’s Senior Vice President, Regulatory and External Affairs since 2013. Before then, he served as Senior Vice President, Corporate Affairs, of Exelon from 2011-2013, Senior Vice President, Human Resources, of Exelon from 2010-2011, and Senior Vice President, Corporate Affairs, at Commonwealth Edison Company from 2009-2010.

Michael Innocenzo

Mr. Michael A. Innocenzo serves as President and Chief Executive Officer, PECO., subsidiary of the Company prior to that he was Senior Vice President and Chief Operations Officer, PECO of the Company

Anne Pramaggiore

Ms. Anne R. Pramaggiore is re designated as Senior Executive Vice President, Exelon and Chief Executive Officer, Exelon Utilities, a subsidiary of the Company. She is Chief Executive Officer, ComEd since 2012; President, ComEd since 2009; Chief Operating Officer, ComEd from 2009 - 2012 and Executive Vice President, Customer Operations, Regulatory and External Affairs, ComEd from 2007 - 2009.

David Velazquez

Mr. David M. Velazquez is the President, Chief Executive Officer, PHI of the Company. Prior to this he was Executive Vice President, Pepco Holdings, Inc. from 2009 - 2016.

Paymon Aliabadi

Mr. Paymon Aliabadi is Executive Vice President, Chief Risk Officer of the Company. Before joining Exelon in 2013, Aliabadi served as principal and managing director of Gleam Capital Management, a start-up investment firm focused on developing, managing and operating an integrated and diversified portfolio of energy resources and infrastructure. Previously, he served as the Principal & Managing Director of Gunvor Global Energy, a division of Gunvor International, a private oil trading firm in Geneva, Switzerland. Under his vision, leadership and management, Gunvor successfully transformed from an oil trading platform into one of the world’s leading energy trading companies and a recognized market leader in global coal & freight, emissions & renewables, LNG & natural gas and power trading. Prior to joining Gunvor, Aliabadi was the CEO of Essent Trading (the largest energy company in The Netherlands. As CEO, he transformed the group from a regional gas and power portfolio manager to a global energy trading market leader by entering into new commodities, markets and activities with focus on operational excellence, enhanced value creation and improved asset optimization while delivering consistent growth and outstanding performance for five consecutive years. Prior to joining Essent, Aliabadi served as the Vice President of Commodities for Sempra Energy Solutions, where he led and managed the trading and portfolio management activities of the firm's energy portfolio in North America. Previously, he held various positions with PG&E Corporation in San Francisco, including Director of Enterprise Risk, Director of Energy Trading, Transmission Operations Superintendent and Division Gas Engineer.

Kenneth Cornew

Mr. Kenneth W. Cornew is Senior Executive Vice President, Chief Commercial Officer of the Company. He is President and Chief Executive Officer of Exelon Generation. A 26-year veteran of the electric utility industry, Cornew became president and CEO of Constellation following its merger with Exelon in March 2012. Prior to that role, he served as senior vice president of Exelon and president of Exelon Power Team beginning in 2008. In that position, he oversaw the power marketing and trading function of Exelon's diversified generation portfolio. He also oversaw the company's growing retail business, Exelon Energy, which served electric and gas retail customers in Illinois, Ohio, Pennsylvania and Michigan.

William Von Hoene

Mr. William A. Von Hoene, Jr., is Senior Executive Vice President, Chief Strategy Officer, Exelon of the Company. He was Executive Vice President, Finance and Legal, Exelon from 2009 - 2012; Executive Vice President and General Counsel, Exelon from 2008 - 2009; Senior Vice President, Exelon Business Services Company from 2004 - 2009; Senior Vice President, Exelon from 2006 - 2008.

Fabian Souza

Mr. Fabian E. Souza has been appointed as Senior Vice President, Corporate Controller of the Company, effective March 2, 2018. He serves as Senior Vice President, Deputy Controller of the Company, effective November 2017. He has been the Vice President, Controller and Chief Accounting Officer of The AES Corporation (AES) since June 1, 2015. Mr. Souza previously held other positions at AES, including Vice President, Internal Audit and Advisory Services (October 2014-May 2015); Deputy Corporate Controller (July 2014- September 2014); Assistant Corporate Controller, Global Controllership (May 2013 – June 2014); and Controller, Global Utilities (October 2011- April 2013). Mr. Souza served as a director of IPALCO Enterprises, Inc., an indirect majority-owned subsidiary of AES, from March 28, 2017 through the effective date of his resignation from his positions at AES.

Jonathan Thayer

Mr. Jonathan W. Thayer is Chief Transformation Officer of Exelon Corporation. Prior to this, Mr. Thayer served as Vice President and Managing Director, Corporate Strategy and Development, of Constellation, Treasurer of Constellation, Senior Vice President and Chief Financial Officer of Baltimore Gas and Electric Company, and Senior Vice President and Chief Financial Officer of Constellation.

Anthony Anderson

Mr. Anthony K. Anderson is Independent Director of Exelon Corp. Mr. Anderson served as the Vice Chair and Midwest Area Managing Partner of Ernst & Young (EY), a global assurance, tax, transaction and advisory services firm, until his retirement in 2012. During Mr. Anderson’s 35-year career with EY, he oversaw a practice of 3,500 audit, tax, and transaction professionals serving clients throughout the Midwest and also served for six years in the Los Angeles area as managing partner of EY’s Pacific Southwest region. Mr. Anderson also served as a member of EY’s governing body, the Americas Executive Board. Mr. Anderson currently serves as a director of AAR Corp. (aerospace and defense), Avery Dennison (manufacturer of adhesive technologies, display graphics and packaging materials), and Marsh & McLennan Companies (global professional services firm). He also serves on the executive committee of the United States Golf Association, as chairman of the board of the Perspectives Charter School, and as a director for World Business Chicago. Mr. Anderson previously served as a director of First American Financial Corporation from 2012 until 2016. Mr. Anderson’s experience as the vice chair of a global professional services firm and his training and experience as an audit partner and certified public accountant enhance his contribution to the Exelon Board and add value to his leadership of the Audit Committee and service on the Finance and Risk Committee.

Ann Berzin

Ms. Ann C. Berzin is Independent Director of Exelon Corporation. Ms. Berzin served as Chairman and Chief Executive Officer of Financial Guaranty Insurance Company (FGIC), an insurer of municipal bonds, asset-backed securities and structured finance obligations, from 1992 to 2001. Ms. Berzin joined FGIC in 1985 as its General Counsel following seven years of securities law practice in New York City. Ms. Berzin currently serves as a director of Ingersoll-Rand plc (industrial manufacturing), where she chairs its finance committee and serves on its audit committee. Ms. Berzin also serves on the board of Baltimore Gas and Electric Company, an Exelon subsidiary, and she previously served as a director of Constellation Energy Group until its merger with Exelon in 2012. Ms. Berzin has broad business and executive leadership experience, as well as expertise in the financial services sector, which is particularly valuable for her service on the Audit Committee and leadership of the Finance and Risk Committee.

Laurie Brlas

Ms. Laurie Brlas is Independent Director of the Company. Ms. Brlas served as Executive Vice President and Chief Financial Officer of Newmont Mining Corporation (gold mining) from 2013 until her retirement in 2016. From 2006 to 2013, Ms. Brlas served in a number of senior leadership positions at Cleveland-Cliffs, Inc. (iron ore pellet production), most recently as Executive Vice President and President, Global Operations. Ms. Brlas currently serves on the boards of Albemarle Corporation (global chemical manufacturing) and Graphic Packaging Holding Company (consumer packaging). Ms. Brlas previously served as a director of Calpine Corporation (electricity generation), NOVA Chemical Corporation (plastics and chemical manufacturing), and Perrigo Company plc (over-the-counter pharmaceutical and nutritional product manufacturing).

Yves De Balmann

Mr. Yves C. De Balmann is Independent Director of Exelon Corporation. Mr. de Balmann served as the Co-Chairman of Bregal Investments LP (private equity investing firm) from 2002 to 2012. Prior to this, he was Vice-Chairman of Bankers Trust Corporation, in charge of Global Investment Banking, until its merger with Deutsche Bank in 1999, and he remained a Senior Advisor to Deutsche Bank AG from 2001 to 2003. Mr. de Balmann currently serves as a director of ESI Group (virtual prototyping software and services). Previously, Mr. de Balmann served as a director of Laureate Education, Inc., and Constellation Energy Group until its merger with Exelon in 2012. Mr. de Balmann has extensive experience in corporate finance, including the derivatives and capital markets as well as industry experience as a former director of Constellation Energy Group until Constellation merged with Exelon in 2012. His background leading major organizations informs his leadership of the Compensation and Leadership Development Committee.

Nicholas DeBenedictis

Mr. Nicholas DeBenedictis is Independent Director of Exelon Corporation. Mr. DeBenedictis currently serves as Chairman Emeritus of Aqua America Inc. (water utility operating in eight states) and served as its Chairman and Chief Executive Officer from 1993 to 2015. As CEO of Aqua America, Mr. DeBenedictis gained experience in dealing with many of the same development, land use, and utility regulatory issues that affect Exelon and its subsidiaries. Mr. DeBenedictis also has extensive experience in environmental regulation and economic development, having served in two cabinet positions in the Pennsylvania government: Secretary of the Pennsylvania Department of Environmental Resources and Director of the Office of Economic Development. He also spent eight years with the U.S. Environmental Protection Agency and was President of the Greater Philadelphia Chamber of Commerce for three years. In addition to serving as Chairman Emeritus of Aqua America, Mr. DeBenedictis has served as a director of MISTRAS Group (asset protection solutions) since 2015, and P.H. Glatfelter, Inc. (global supplier of specialty papers and engineered products) since 1995. Mr. DeBenedictis also serves on the boards of Commonwealth Edison Company and PECO Energy Company, which are Exelon subsidiaries.

Linda Jojo

Ms. Linda P. Jojo is Independent Director of the Company. Ms. Jojo is Executive Vice President, Technology and Chief Digital Officer of United Continental Holdings, Inc. (commercial airline) where she leads the Information Technology, Cyber Security and E-commerce organizations and is responsible for the airline’s digital strategy. She has held her current position at United since 2014. Prior to joining United, she served as Executive Vice President and Chief Information Officer for Rogers Communications Inc. from 2011 to 2014 (wireless communication and media company), where she was responsible for all IT systems for both customer-facing and business support systems. Prior to this, Ms. Jojo served in other senior officer roles at Energy Future Holdings Corporation (held a portfolio of competitive and regulated energy companies), Flowserve Corporation (suppliers of industrial and environmental machinery), and General Electric. Ms. Jojo serves as vice-chair of the board of trustees of the Adler Planetarium in Chicago, Illinois and is a member of the board of trustees at Rensselaer Polytechnic Institute in Troy, NY. Ms. Jojo’s wealth of experience leading complex IT organizations brings important IT and innovation expertise to Exelon’s Board. Ms. Jojo’s educational background in computer science and industrial engineering also lends expertise to Exelon’s risk oversight and cybersecurity programs and initiatives.

Paul Joskow

Dr. Paul L. Joskow, Ph.D., is Independent Director of Exelon Corporation. Dr. Joskow is the Elizabeth and James Killian Professor of Economics, Emeritus at the Massachusetts Institute of Technology (MIT). He is also the President Emeritus of the Alfred P. Sloan Foundation, where he served as president from 2008 through 2017. Dr. Joskow joined the MIT faculty in 1972 and served as head of the MIT Department of Economics from 1994 to 1998 and as Director of the MIT Center for Energy and Environmental Policy Research from 1999 to 2007. Dr. Joskow’s teaching and research has been in the areas of industrial organization, energy and environmental economics, competition policy, and government regulation of industry. Much of his research and consulting activity has focused on the electric power industry, electricity pricing, fuel supply, demand, generating technology, and regulation. Dr. Joskow has served on the U.S. Environmental Protection Agency’s (EPA) Acid Rain Advisory Committee and on the Environmental Economics Committee of the EPA’s Science Advisory Board. Dr. Joskow also served on the National Commission on Energy Policy, as a member of the Secretary of Energy Advisory Board, and as chair of the National Academies Board on Science, Technology and Economic Policy.

Robert Lawless

Mr. Robert J. Lawless is Independent Director of Exelon Corporation. Mr. Lawless served as Chairman of McCormick & Company, Inc. (food manufacturing industry) from 1997 to 2009, having also served as its President until 2006, and its Chief Executive Officer until his retirement in 2008. Mr. Lawless currently serves as a director of The Baltimore Life Insurance Company (insurance provider) and previously served as a director of Constellation Energy Group until Constellation merged with Exelon in 2012. Mr. Lawless has extensive executive leadership and strategic planning experience. As a former chief executive officer of a public company, he provides critical perspectives on governance and other public company issues that inform his leadership of the Corporate Governance Committee.

Richard Mies

Adm. Richard Willard Mies is Independent Director of Exelon Corporation. He is President and Chief Executive Officer of The Mies Group, Ltd, a private consulting firm, providing strategic planning and risk assessment related to international security, energy, defense, and maritime issues. A graduate of the Naval Academy, he completed a 35-year career as a nuclear submariner in the US Navy. Admiral Mies has a wide range of operational command experience, having served as the senior operational commander of the US Submarine Force, and commander of the U.S. Strategic Command for four years prior to his retirement in 2002. Admiral Mies serves as a director of BWX Technologies, Inc. (a supplier to the nuclear power industry). He is also a member of the board of governors for Lawrence Livermore National Security LLC and serves as vice-chair of the Secretary of Energy Advisory Board. He previously served as a director of Mutual of Omaha from 2002 until 2014, Babcock and Wilcox (an equipment and technology provider to the energy industry) from 2010 until 2015, and as a member of the board of governors for Los Alamos National Security, LLC, from 2005 until 2018. Admiral Mies’ extensive educational background in mechanical engineering and mathematics, and postgraduate studies and degrees in government administration and international relations at Oxford University, the Fletcher School of Law and Diplomacy, and Harvard University contribute to his insights and leadership of the Generation Oversight Committee, and his service on the Finance and Risk and Audit Committees. His deep leadership experience with nuclear power and strategic planning in the Navy and in business, and his extensive board service enable his ability to provide thoughtful contributions to the Exelon Board.

Stephen Steinour

Mr. Stephen D. Steinour is Independent Director of Exelon Corporation. Mr. Steinour has served as the Chairman, President and Chief Executive Officer of Huntington Bancshares Incorporated, (regional bank-holding company) since 2009. Mr. Steinour previously served as Managing Partner of CrossHarbor Capital (investment firm) from 2008 until 2009, and in a variety of executive positions culminating as President and CEO of Citizens Financial Group (commercial bank holding company) from 1992 until 2008. Mr. Steinour has served as the Chairman, President and Chief Executive Officer of Huntington Bancshares Incorporated, (regional bank-holding company) since 2009. Mr. Steinour previously served as Managing Partner of CrossHarbor Capital (investment firm) from 2008 until 2009, and in a variety of executive positions culminating as President and CEO of Citizens Financial Group (commercial bank holding company) from 1992 until 2008. Mr. Steinour has served as the Chairman, President and Chief Executive Officer of Huntington Bancshares Incorporated, (regional bank-holding company) since 2009. Mr. Steinour previously served as Managing Partner of CrossHarbor Capital (investment firm) from 2008 until 2009, and in a variety of executive positions culminating as President and CEO of Citizens Financial Group (commercial bank holding company) from 1992 until 2008.In conducting the individual director assessment of Mr. Steinour in January 2019 that includes the input of peers and members of management (see page 23), the Board was mindful of certain investor vote policies imposing board service limits that are more restrictive than Exelon’s (see page 18 for more). The unanimous consensus of the peer/management input was that Mr. Steinour continues to demonstrate the highest degree of engagement and accessibility, and consistently offers valued advice and guidance.

John Young

Mr. John Frederick Young is Independent Director of the Company. Mr. Young served as President, Chief Executive Officer, and Director of Energy Future Holdings Corp. (energy company with portfolio of competitive and regulated businesses) from 2008 until his retirement in 2016. From 2003 to 2008, Mr. Young served in a number of senior leadership positions at Exelon and Exelon Generation, most recently as Executive Vice President and Chief Financial Officer of Exelon Corporation. Mr. Young has served on the board of The United States Automobile Association (financial and insurance services) since 2011, and he is a member of the Baylor Healthcare System Foundation Advisory Board and the U.S. Naval Academy Foundation’s Board Mr. Young previously served as a director of CSRA, Inc. (IT and cybersecurity services) and Nuclear Electric Insurance Limited (mutual insurance company for nuclear utilities). Mr. Young also previously served as a director of the Nuclear Energy Institute and the Edison Electric Institute.

Emily Duncan