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Exelon Appoints Carlos Gutierrez to Board of Directors
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
management
Rhea-AI Summary
Exelon has elected Carlos Gutierrez, former U.S. Secretary of Commerce, to its board of directors. Gutierrez brings extensive experience in technology and corporate leadership, having served as CEO of EmPath and Kellogg Company. His tenure in government included facilitating landmark free trade agreements. Chairman Mayo Shattuck emphasized Gutierrez's unique perspective and expertise, which will benefit Exelon as it continues to serve approximately 10 million customers across the U.S. Exelon reported 2020 revenue of $33 billion.
Positive
Appointment of Carlos Gutierrez expected to enhance board expertise with his background in technology and corporate leadership.
Gutierrez's government experience may improve strategic relationships and decision-making for Exelon.
Negative
None.
Former U.S. Secretary of Commerce brings global diplomacy, government experience and Fortune 500 corporate leadership expertise to the board
CHICAGO--(BUSINESS WIRE)--
Exelon today announced that its board of directors elected Carlos Gutierrez to join the board as a director. Gutierrez, 67, is a former U.S. Secretary of Commerce and the current CEO and executive chairman of EmPath, Inc., a SaaS technology platform that uses machine learning to identify employee skills for large organizations.
Prior to his role at EmPath, Secretary Gutierrez served as chair of the Albright Stonebridge Group, a global strategic advisory firm. He served as U.S. Secretary of Commerce from 2005 to 2009 under President George W. Bush, where he worked with foreign government and business leaders to advance economic relationships, enhance trade and promote U.S. exports. Secretary Gutierrez played a key role in the passage of landmark free trade agreements that removed trade barriers, expanded export opportunities and boosted global investment.
“Secretary Gutierrez’ unique background in technology, government service and corporate leadership at a Fortune 500 company gives him a deep and well-rounded perspective on the work of the board,” said Mayo Shattuck, chairman of Exelon. “His expertise in global and domestic economics, corporate and financial management, strategic thinking and effective leadership will greatly benefit Exelon.”
Secretary Gutierrez also spent nearly 30 years with Kellogg Company, a global manufacturer and marketer of well-known food brands. After assignments in Latin America, Canada, Asia and the United States, he became president and CEO of Kellogg in 1999 − the youngest CEO in the company's hundred-year history. In April 2000, he was named chairman of the board of Kellogg Company.
Secretary Gutierrez currently serves on the boards of the Boao Forum for Asia, Occidental Petroleum Corporation, MetLife, Human Freedom Advisory Council for the Bush Institute, Tent Partnershipfor Refugees Advisory Council and TheDream.US
Secretary Gutierrez studied business administration at the Monterrey Institute of Technology in Querétaro, Mexico.
About Exelon
Exelon Corporation (Nasdaq: EXC) is a Fortune 100 energy company with the largest number of electricity and natural gas customers in the U.S. Exelon does business in 48 states, the District of Columbia and Canada and had 2020 revenue of $33 billion. Exelon serves approximately 10 million customers in Delaware, the District of Columbia, Illinois, Maryland, New Jersey and Pennsylvania through its Atlantic City Electric, BGE, ComEd, Delmarva Power, PECO and Pepco subsidiaries. Exelon is one of the largest competitive U.S. power generators, with more than 31,000 megawatts of nuclear, gas, wind, solar and hydroelectric generating capacity comprising one of the nation’s cleanest and lowest-cost power generation fleets. The company’s Constellation business unit provides energy products and services to approximately 2 million residential, public sector and business customers, including three fourths of the Fortune 100. Follow Exelon on Twitter @Exelon.
Who is Carlos Gutierrez and what is his role at Exelon?
Carlos Gutierrez is the newly elected director on Exelon's board, bringing his experience as the former U.S. Secretary of Commerce and CEO of EmPath.
What qualifications does Carlos Gutierrez bring to Exelon?
Gutierrez has extensive experience in technology, corporate leadership, and government service, including key roles at Kellogg Company and in advancing economic relationships during his tenure as Secretary of Commerce.
What impact may Gutierrez's appointment have on Exelon?
His appointment could enhance Exelon’s strategic direction and governance, leveraging his expertise in economics and corporate management.
