January 27, 2009
Exelon Makes Two Key Appointments in Finance Organization
Chaka Patterson and Karie Anderson to assume broader duties
CHICAGO (Jan. 27, 2009) – Exelon today announced that Chaka M. Patterson has assumed an expanded role as vice president and treasurer. Karie L. Anderson has been promoted to vice president, investor relations, Patterson’s previous position. The appointments take effect immediately.
In his new role, Patterson will oversee all treasury functions, including cash management, bond issuances, investor relations and relationships with ratings agencies and banks. As vice president, investor relations, he oversaw Exelon’s investor relations activities. Prior to that, Patterson served as Exelon’s associate general counsel for litigation. Before joining Exelon, he was a partner at Chicago law firm Jenner & Block and worked for the office of the Illinois Attorney General as chief of the special litigation bureau. Patterson earned a law degree from Harvard University and a bachelor’s degree in political science from Amherst College. Patterson will report to Matthew F. Hilzinger, Exelon senior vice president and CFO.
“In nearly two years as head of Exelon’s investor relations group, Chaka has substantially improved investor access to management and involved more members of management in investor activities,” Hilzinger said. “Most recently, he played an instrumental role with the investment community in securing support for our proposed NRG acquisition. It is with great pleasure and utmost confidence that we announce his new responsibilities as treasurer of Exelon.”
As vice president, investor relations, Anderson will lead an investor relations team that serves as the primary interface with Exelon’s major institutional shareholders and Wall Street analysts. In her previous role as Exelon’s director, investor relations, she was responsible for the development and implementation of the company’s investor targeting program and communications for earnings announcements and other events. Prior to that, Anderson served as Exelon’s director, accounting policy and research. Before joining Exelon, she was a manager at PricewaterhouseCoopers. Anderson earned a master’s of business administration from the University of Chicago and a bachelor’s degree in accountancy from the University of Illinois. She will report to Patterson.
“In her time at Exelon, Karie has made tremendous contributions to the finance organization and, most recently, investor relations,” Hilzinger said. “We commend her for this tireless dedication. Her experience, leadership and commitment to excellence make her a natural to head our investor relations efforts.”
Exelon Corporation is one of the nation’s largest electric utilities with approximately $19 billion in annual revenues. The company has one of the industry’s largest portfolios of electricity generation capacity, with a nationwide reach and strong positions in the Midwest and Mid-Atlantic. Exelon distributes electricity to approximately 5.4 million customers in northern Illinois and Pennsylvania and natural gas to approximately 480,000 customers in the Philadelphia area. Exelon is headquartered in Chicago and trades on the NYSE under the ticker EXC.