Exelon CEO Crane to retire next month
Exelon Corp. CEO Chris Crane plans to retire from the utility at the end of this year and will pass the command to Calvin Butler Jr.
Image source: T&D World
USA, Chicago: Exelon Corp. CEO Chris Crane plans to retire from the utility at the end of this year and will pass the command to Calvin Butler Jr.
In a statement, Exelon said Crane recently learned that he needs treatment for “significant spinal and hip issues,” news that led him and the company to accelerate their succession plan.
“Chris’ focus has been on ensuring a cleaner and brighter future for our customers and communities. On behalf of the Exelon Board, we are grateful for Chris’ more than two decades of service to Exelon,” Exelon Chairman John Young said in the statement. “We will support Chris and Calvin during this transition period and look forward to working with Calvin as he begins his role.”
Crane has led Exelon since 2012 and has worked at the company since 1998, when it was still known as ComEd. After a series of promotions that took him to various operating units of the company, he led it through the 2012 merger with Constellation Energy and its deal with Pepco Holdings four years later. Earlier this year, he oversaw the separation of Exelon and Constellation and Exelon today has more than 10 million customers in the Chicago, Philadelphia, Baltimore and Washington, D.C. markets.
Butler joined Exelon in 2008 in a regulatory / external affairs role and was CEO of Baltimore Gas & Electric Co. from 2014 until 2019, when he was tapped to lead Exelon’s group of six electric and gas utilities. He was named COO in February of this year.
Source: T&D World