---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-109325"
form_type: "8-K"
ticker: "EXC"
cik: "0001109357"
company_name: "EXELON CORP"
filed_at: "2022-10-17T23:59:59+00:00"
generated_at: "2026-06-23T03:12:01.920396+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-22-109325
- form_type: 8-K
- ticker: EXC
- cik: 0001109357
- company_name: EXELON CORP
- filed_at: 2022-10-17T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1109357/000110465922109325/0001104659-22-109325-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1109357/000110465922109325/tm2228382d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-109325
- JSON: https://secwatch.observer/filing/0001104659-22-109325.json
- Plain text: https://secwatch.observer/filing/0001104659-22-109325.txt

## Key facts
- Executive change
  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
  source text: Jeanne Jones is appointed to the position of Executive Vice President and Chief Financial Officer effective immediately
  evidence_url: https://www.sec.gov/Archives/edgar/data/1109357/000110465922109325/0001104659-22-109325-index.htm
- Executive change
  Calvin Butler was appointed as President and Chief Operating Officer at EXELON CORP.
  - Action: appointed
  - Role: President and Chief Operating Officer
  source text: Calvin Butler is appointed to the role of President and Chief Operating Officer of Exelon effective immediately
  evidence_url: https://www.sec.gov/Archives/edgar/data/1109357/000110465922109325/0001104659-22-109325-index.htm
- Executive change
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1109357/000110465922109325/0001104659-22-109325-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.