Press release
Exelon CEO Chris Crane Announces Retirement at End of Year; Exelon Board Names Calvin Butler to Succeed Crane as Exelon CEO
CHICAGO--(BUSINESS WIRE)-- Exelon (Nasdaq: EXC) Chief Executive Officer Chris Crane has announced that he will retire from his position as CEO and as a
About this update from Exelon Corporation
[{"type":"text","content":" CHICAGO--(BUSINESS WIRE)--\nExelon (Nasdaq: EXC) Chief Executive Officer Chris Crane has announced that he will retire from his position as CEO and as a director of the Exelon Board effective Friday, Dec. 30, 2022. The Exelon Board has elected Calvin G. Butler Jr., currently president and chief operating officer (COO), to the role of president and chief executive officer as of Dec. 31, 2022. Butler also will join Exelon’s Board of Directors. The company recently promoted Butler and expanded his responsibilities as a step in the company’s leadership succession plans. Crane accelerated his retirement plans to focus on his health after learning in recent days that he will require treatment for significant spinal and hip issues. He will work with Butler through the end of the year on the transition process.\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221102006026/en/Chris Crane, Exelon CEO, will be retiring effective Dec. 30, 2022. (Photo: Business Wire)\nCrane has been the company’s CEO and a member of the Board of Directors since 2012. During his tenure, Exelon has been an industry leader in improving the reliability and resilience of the grid, as well as combatting climate change through clean energy generation, safety and operational improvements and customer service. Crane established within Exelon and the industry a focus on workforce development in underserved communities, with particular attention on STEM careers for young women and job training and placement for work-ready adults. He is committed to diversity, equity and inclusion, signing the White House Equal Pay Pledge and supporting DACA. He drove diversity, equity and inclusion at all levels of the company, and leaves in place a talented, experienced and highly diverse senior leadership team. Most recently, he led the separation of Exelon and Constellation, unlocking significant value for both companies’ shareholders.\n\nCrane joined Exelon (then ComEd) in 1998 and was named chief nuclear officer in 2004. Crane assumed responsibility for Exelon’s fossil, hydro and renewables facilities, in addition to the nuclear fleet, in 2007. He oversaw a broad range of generation and business development initiatives, including new nuclear development, nuclear operating services, development of the nation's largest u...