CHICAGO - Exelon Corporation (NASDAQ:EXC), a leading utility company, announced the retirement of Doug Brown, the firm's Senior Vice President and Chief Investment Officer.
Effective July 1, 2024, Jessica Hart, currently Vice President of Investment Strategy and Public Markets at Exelon, will step into the role, overseeing the company's extensive investment portfolio, including pension and employee benefit trusts.
Brown, who has been with Exelon since November 2009, managed assets totaling $52 billion across multiple trusts. His tenure is marked by significant achievements, including $30 billion in investment returns and the launch of initiatives supporting under-resourced communities and promoting diversity in investment management.
Brown's career has been distinguished by numerous awards and board memberships, reflecting his influence in the field of asset management.
Hart brings to her new position a background in asset allocation and portfolio construction, along with experience in diversity initiatives from her time at Northern Trust (NASDAQ:NTRS) Asset Management. Her promotion follows a career that has included advising on retirement assets and developing a manager diversity due diligence framework.
Exelon, a Fortune 250 company, is the nation's largest utility company, providing services to over 10.5 million customers through six regulated utilities. The company is known for its commitment to community support, reliable energy delivery, and workforce development.
The announcement is based on a press release statement.
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