Exelon Corporation (Nasdaq: EXC) today announced that it has appointed Calvin G. Butler Jr., CEO of Baltimore Gas and Electric Company (“BGE”), as Interim CEO of Exelon Utilities, effective immediately.
This appointment follows the retirement of Anne Pramaggiore, Senior Executive Vice President and CEO of Exelon Utilities, which is also effective immediately. Mr. Butler will continue to serve as CEO of BGE. The CEOs of Exelon’s other utilities – Joseph Dominguez, CEO of ComEd, Michael A. Innocenzo, CEO of PECO, and David M. Velazquez, CEO of Pepco Holdings – will report to Mr. Butler.
In addition, Exelon Utility CEO staff heads Val Jensen, Carim Khouzami and Mike Kormos will also report to Mr. Butler moving forward.
Pramaggiore is a former ComEd CEO who was promoted just last year to the $5.9 million job. She had been with ComEd since 1998, and was promoted to COO of the company in 2009.
Exelon, of course, has twice admitted to being subpoenaed by the feds and the company recently brought in some outsiders to oversee “cooperation and compliance with the subpoena.”
