Press release
Exelon Announces Retirement of Board of Directors Chairman Mayo A. Shattuck III
Shattuck will step down on April 26, 2022, after decade of service on Exelon's board and with Exelon’s historic spin-off of Constellation now successfully
About this update from Exelon Corporation
[{"type":"text","content":"\nShattuck will step down on April 26, 2022, after decade of service on Exelon's board and with Exelon’s historic spin-off of Constellation now successfully complete\n\n CHICAGO--(BUSINESS WIRE)--\nExelon Corp. (Nasdaq: EXC) today announced the retirement of Mayo A. Shattuck III, chair of the company's board of directors since 2012. Following the successful separation of Exelon’s regulated and unregulated businesses earlier this month, Shattuck has decided to retire from Exelon’s Board at the end of his current term and not to stand for reelection at the annual shareholder meeting to be held on April 26, 2022. The Board has launched a process to select a new Board chair from its existing independent members and expects to announce its selection in the 2022 proxy statement to be filed with the SEC next month.\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220210005959/en/Mayo A. Shattuck III (Photo: Business Wire)\n\"On behalf of Exelon's board, our executive team, and our 18,000 dedicated colleagues across the company, I extend our deepest gratitude to Mayo for his decade of visionary leadership and steady guidance, which were instrumental in making Exelon the premier energy company in the nation,\" said Christopher M. Crane, president and CEO of Exelon. \"This strong foundation he helped build resulted in two world-class energy companies, and now enables Exelon to pursue strategic investments in a safer, cleaner, more reliable and more secure grid for our customers across our six utilities. At the same time, we continue to strengthen our industry-leading ESG commitments to address increasingly complex environmental and social challenges in our communities.\"\n\nPrior to joining Exelon, Shattuck was the chairman, president and CEO of Constellation Energy, a position he held from 2001 until the merger with Exelon in 2012. He served as Exelon's executive chairman after the merger close until 2013 when he became the independent Board chair. Earlier this month, Exelon completed the successful separation of its regulated utility business (remains Exelon) and former power generation and competitive energy business (Constellation).\n\n\"It has been an honor to serve as Exelon board chair during a period of extraordinary growth for our company,\" said Shattuck. “I’m so proud...