Exelon promotes Butler to President and COO; Jones named CFO; Nigro to depart March 2023

EXELON CORP

Calvin Butler appointed President and COO effective immediately; Chris Crane remains CEO.
Jeanne Jones appointed EVP and CFO, succeeding Joseph Nigro, who becomes Senior Advisor until March 31, 2023.
Butler's compensation: base salary $975,000, AIP target 115% of base, LTI target $3.9M.
Jones's compensation: base salary $650,000, AIP target 90% of base, LTI target $1.765M.
Nigro to receive severance per Exelon's Senior Management Severance Plan upon departure on March 31, 2023.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Jeanne Jones

Executive Vice President and Chief Financial Officer

EXC · EXELON CORP

Effective: 2022-10-17
Successor: Joseph Nigro
Filed: October 17, 2022, 7:59 PM ET

Jeanne Jones is appointed to the position of Executive Vice President and Chief Financial Officer effective immediately

Appointed

Calvin Butler

President and Chief Operating Officer

EXC · EXELON CORP

Effective: 2022-10-17
Filed: October 17, 2022, 7:59 PM ET

Calvin Butler is appointed to the role of President and Chief Operating Officer of Exelon effective immediately

Role change

Joseph Nigro

Senior Advisor to the Exelon Chief Executive Officer

EXC · EXELON CORP

Effective: 2022-10-17
Successor: Jeanne Jones
Filed: October 17, 2022, 7:59 PM ET

Joseph Nigro, Senior Executive Vice President and Chief Financial Officer, will cease serving as Exelon’s principal financial officer and will assume the position of Senior Advisor to the Exelon Chief Executive Officer effective immediately.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Jeanne Jones was appointed as Executive Vice President and Chief Financial Officer at EXELON CORP.

Action: appointed
Role: Executive Vice President and Chief Financial Officer

Exact text from the filing

Jeanne Jones is appointed to the position of Executive Vice President and Chief Financial Officer effective immediately

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Calvin Butler was appointed as President and Chief Operating Officer at EXELON CORP.

Action: appointed
Role: President and Chief Operating Officer

Exact text from the filing

Calvin Butler is appointed to the role of President and Chief Operating Officer of Exelon effective immediately

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Joseph Nigro was appointed as Senior Advisor to the Exelon Chief Executive Officer at EXELON CORP.

Action: ceased serving as CFO and appointed as Senior Advisor
Role: Senior Advisor to the Exelon Chief Executive Officer

Exact text from the filing

Joseph Nigro, Senior Executive Vice President and Chief Financial Officer, will cease serving as Exelon’s principal financial officer and will assume the position of Senior Advisor to the Exelon Chief Executive Officer effective immediately.

View on SEC.gov

EXELON CORP filing history →

Source: SEC EDGAR

accession 0001104659-22-109325

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