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Exelon Names Finance Executives for Combined Exelon-Constellation

Exelon today announced the Finance executives reporting to Jonathan W. (Jack) Thayer, who has previously been named executive vice president and chief financial officer of the combined company, upon close of Exelon’s planned merger with Constellation.

 

CHICAGO AND BALTIMORE - Exelon today announced the Finance executives reporting to Jonathan W. (Jack) Thayer, who has previously been named executive vice president and chief financial officer of the combined company, upon close of Exelon's planned merger with Constellation.

The company is naming executives in the Finance group ahead of schedule to ensure that the appropriate accountability and delegation of authority related to Exelon's financial systems and banking relationships are firmly in place in advance of the close of the merger. The rest of the executives who will report to President and CEO Christopher M. Crane's direct reports are expected to be named in February.

"I am excited to welcome this group of proven leaders to the Finance executive group for the new Exelon," said Thayer. "We are fortunate to have a very high level of talent, and I believe the diverse backgrounds and experiences of this team will enable us to produce superior results for our company and our customers.  I'm looking forward to driving efficiency and supporting growth with this team once our merger closes."

Reporting directly to Thayer upon completion of the merger will be the following executives:

Andrew L. Good, currently senior vice president, Corporate Strategy and Development at Constellation, who will become senior vice president and chief financial officer, Exelon Generation. Good also will report to Crane in his capacity as president of Exelon Generation. Reporting directly to Good will be Jorge Acevedo, currently vice president and controller for PECO, who will become vice president, Power Finance, and Jeffrey R. Williams, who retains his role as vice president, Nuclear Finance.

Bryan P. Wright, currently vice president, chief accounting officer and controller at Constellation, who has been named senior vice president, Corporate Finance. Reporting to Wright will be JaCee M. Burnes, currently vice president and assistant treasurer, Exelon, who will become vice president, Investor Relations; Matthew R. Galvanoni, currently vice president and assistant controller, Exelon, who will become vice president, Financial Systems Integration, with responsibility for strategy and execution involved in bringing together the companies' financial technologies; and Karie L. Anderson, currently Exelon's vice president, Corporate FP&A, who has been named to an interim executive role supporting Corporate FP&A & Special Projects.

Duane M. DesParte, who will remain in his role as vice president and controller, Exelon. Reporting to DesParte, and working closely with their respective operating company chief financial officers, will be Robert "Buddy" Aiken, currently executive director and assistant controller, Constellation, who will become vice president and controller, Exelon Generation; David M. Vahos, currently executive director, Audit, Constellation, who will become vice president and controller, BGE, in the fourth quarter of 2012 after the planned retirement of Anne A. Hahn, who currently holds the position; Kevin J. Waden, who will remain in the role of vice president and controller, ComEd; and Scott A. Bailey, currently assistant controller at Exelon Generation, who has been named vice president and controller, PECO.

Stacie M. Frank, currently vice president, Investor Relations for Exelon, who will become vice president and treasurer.

Mary E. Ludford, who will remain in the role of vice president, Audit & Controls, reporting to the Audit Committee of the Exelon Board of Directors in addition to her reporting administratively to Thayer.

Thomas D. Terry Jr., who will remain in the role of vice president, Tax.

The following utility Finance executives will report both to Thayer and to their respective utility chief executive officer upon close of the merger:

Phillip S. Barnett, currently senior vice president and CFO, PECO, who will add the title of treasurer and report to Thayer and PECO President and CEO Craig L. Adams

Carim V. Khouzami, who will remain in the role of vice president, CFO and treasurer of BGE, reporting to Thayer and BGE President and CEO Kenneth W. DeFontes

Joseph R. Trpik, who remains in his role as senior vice president, CFO and treasurer, ComEd, reporting to Thayer and ComEd President and CEO Anne R. Pramagiorre.

Today's announcement does not affect groups currently reporting to Thayer in his role as Constellation chief financial officer, such as Constellation's Information Technology, Supply Chain and Real Estate groups. Those groups will be reporting to Executive Vice President and Chief Administrative and Diversity Officer and President of Exelon Business Services Company Ruth Ann M. Gillis. Executives in Gillis' areas will be named as part of the combined company's regular staffing and selection process.

Additional executive appointment in Constellation
Exelon has also named Jennifer Lowry, currently vice president and treasurer for Constellation, to the position of vice president, Generation Company Strategy, for the combined commercial business, reporting directly to Kenneth W. Cornew, who will become executive vice president and chief commercial officer, Exelon, and president and CEO of Constellation upon close of the merger.


 

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