CHICAGO - Exelon Corporation (NASDAQ:EXC), the nation's largest utility company, has announced a series of leadership changes, including the appointment of Mike Innocenzo as its new Chief Operating Officer. Innocenzo, who previously served as President and CEO of Exelon's subsidiary PECO, will now oversee operations across all Exelon utilities. He is set to assume his new role and chairmanship of the boards of directors at BGE, ComEd, PECO, and Pepco Holdings on April 1, 2024.
Dave Velazquez will succeed Innocenzo as President and CEO of PECO, the largest electric and gas delivery company in southeastern Pennsylvania. Velazquez brings over four decades of industry experience to his new position and will also become the vice-chairman of PECO's board of directors.
In another significant change, Denise Galambos will take over as Exelon's Chief Human Resources Officer following the retirement of Amy Best in May. Galambos, currently serving as BGE's Senior Vice President of Customer Operations, has been with Exelon since the merger with Constellation and BGE. She will also join Exelon's Executive Committee.
Exelon's President and CEO, Calvin Butler, praised the expertise and leadership qualities of the newly appointed executives. Butler highlighted Innocenzo's operational excellence and Velazquez's utility leadership experience as assets that will contribute to Exelon's commitment to providing top-tier service. He also commended Best for her role in fostering an inclusive company culture and expressed confidence in Galambos's ability to continue strengthening the company's workforce.
This news is based on a press release statement from Exelon.
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