Press release
New Constellation Board of Directors Named
Post-separation, the new Constellation board will consist of experienced business leaders from a wide range of industries and diverse backgrounds
About this update from Exelon Corporation
[{"type":"text","content":"\nPost-separation, the new Constellation board will consist of experienced business leaders from a wide range of industries and diverse backgrounds\n\n CHICAGO--(BUSINESS WIRE)--\nExelon Corp. (Nasdaq: EXC) today announced Constellation’s Board of Directors following the company’s separation from Exelon. The transaction, which has received all regulatory approvals and is expected to close on February 1, will create two independent, publicly traded companies: Constellation, the nation’s largest provider of carbon-free energy and a leading competitive provider of energy products and services; and Exelon, a transmission and distribution-only utility business with industry-leading scale serving more than 10 million customers. Constellation’s shares will begin trading February 2 under the ticker CEG.\n\n“This incredibly talented slate of directors has a track record of business success and the breadth of leadership experience we need in finance, technology, operations and innovation to inform our strategy as we begin this exciting new chapter for Constellation,” said Robert Lawless, a current Exelon board member who will become chair of the Constellation board upon separation. “Just as importantly, they share our vision for a clean energy future and our commitment to investing in our communities, advancing workforce development and valuing diversity, equity and inclusion in everything we do.”\n\nPending completion of the separation, the following individuals will join Constellation’s new board:\n\nJoseph Dominguez, incoming CEO\n\nDominguez is the current CEO of Exelon Generation and will become president and CEO of Constellation following the company’s separation from Exelon. Prior to his current role, Dominguez served as CEO of ComEd, an Exelon utility that serves 4 million residential and business customers, or 70 percent of Illinois’ population. Prior to joining ComEd, he served as executive vice president of governmental and regulatory affairs and public policy for Exelon, where he oversaw the development and implementation of federal, state and regional governmental, regulatory and public policy strategies. Prior to joining Exelon, Dominguez was a partner in the law firm of White and Williams, LLP, and also served as a former assistant U.S. Attorney, Eastern District of Pennsylvania. He serves on several boards and councils, in...