secwatch.observer — SEC 8-K summary
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Issuer:     EXELON CORP (EXC)
CIK:        0001109357
Form:       8-K
Filed at:   2024-02-06T23:59:59+00:00
Accession:  0001109357-24-000042
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Exelon promotes Mike Innocenzo to COO; Dave Velazquez to lead PECO; CHRO succession
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- Mike Innocenzo becomes Exelon EVP & COO effective April 1, 2024; base salary $685k, LTI target $1.765M.
- Dave Velazquez succeeds Innocenzo as PECO President & CEO (April 1, 2024); PECO serves ~1.7M electric and ~548k gas customers.
- CHRO Amy Best to retire in May 2024 after 32 years; succeeded by Denise Galambos (BGE SVP Customer Ops) as SVP & CHRO.
- Innocenzo assumes chair of BGE, ComEd, PECO and Pepco Holdings boards; Velazquez becomes PECO board vice-chair.
- All changes effective April 1, 2024; Galambos joins Exelon Executive Committee.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1109357/000110935724000042/0001109357-24-000042-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/22606/000110935724000042/exc-20240206.htm
  HTML page:      https://secwatch.observer/filing/0001109357-24-000042

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