Exelon Announces Leadership Changes as Company Shapes the Future of Energy Delivery and Grid Transformation
Exelon announces executive promotions, elevating Calvin G. Butler Jr. to president and chief operating officer, alongside Jeanne Jones becoming executive vice president and chief financial officer. CEO Chris Crane retains his role to lead over 18,000 employees serving more than 10 million customers across six states. Butler's expanded responsibilities include overseeing IT and corporate relations, while Jones brings extensive financial experience. The company remains focused on enhancing grid reliability and promoting renewable energy initiatives.
- Promotion of Calvin G. Butler Jr. is expected to drive operational improvements and enhance leadership continuity.
- Jeanne Jones' extensive financial background may strengthen Exelon's financial strategy post-separation from power generation.
- Concerns may arise over leadership continuity as key positions are altered.
- The departure of former CFO Joseph Nigro could lead to experience gaps in financial oversight.
Exelon CEO
“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 for renewable energy, enabling decarbonization goals and continuing transportation sector electrification,” said Exelon CEO
This is an expanded role for Butler, who previously had served as senior executive vice president and chief operating officer. Butler joined Exelon in 2008, holding a number of senior leadership positions at Exelon, ComEd and BGE. In addition to leading operations serving Exelon’s electric and natural gas customers, Butler will now oversee several corporate functions, including Information Technology, Supply, Facilities, Security, Communications and Corporate Relations.
“Calvin has been instrumental in Exelon’s growth and transformation in his 14 years on our senior leadership team and is a guiding force in our work to ensure that customers, equity and support for the communities we serve remain at the center of our strategy,” said Crane. “Calvin leads a team intently focused on the growth of the company to enable a cleaner and brighter future for our customers and communities.”
“It is an honor to work with Exelon’s more than 18,000 employees building on a track record of success by our company in delivering safe, reliable, affordable and equitable energy services to our customers in some of the largest and most diverse metropolitan regions in the United States,” said Butler. “We greatly value our role as a partner with the communities and customers we serve to lead the transformation of the grid to meet our shared climate and economic development goals.”
“Jeanne brings a wealth of utility financial experience to the role of CFO and has been key in shaping the new Exelon as we separated the energy delivery and power generation businesses. We look forward to her continued vision and leadership as we redefine how energy companies advance sustainability and enhance performance,” said Crane.
As CFO, Nigro oversaw financial activities for Exelon since 2018, and most recently through the successfully completed separation from the company’s competitive power generation business. Nigro was CEO of the Constellation retail and wholesale energy trading business from 2013 to 2018 and has spent 26 years at Exelon at a time when the energy industry restructured power markets to enable the competitive sales of electricity, natural gas and other energy-related products and services to customers nationwide. He will serve as senior advisor to the CEO through
“We thank Joe for his 26 years of service to the company and for his work to successfully spin off Exelon’s former generation and competitive energy business earlier this year. Joe was instrumental in growing Constellation’s competitive energy business during his tenure as CEO,” said Crane.
Exelon is the nation’s largest energy 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 —
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Corporate Communications
nicholas.alexopulos@exeloncorp.com
Source: Exelon
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