8-KLeadership Changes

EXELON CORP 8-K Report, Executive Changes (Dec 8, 2005)

Filed December 8, 2005For Securities:EXC

Summary

Exelon Corporation filed an 8-K on December 8, 2005, to report significant changes in its senior financial leadership. Effective December 6, 2005, John F. Young, previously Executive Vice President of Finance and Markets, assumed the additional role of Chief Financial Officer (CFO). Concurrently, Michael R. Metzner, Vice President of Investor Relations, was appointed Treasurer, reporting to Mr. Young, while retaining his investor relations responsibilities. These appointments follow the resignation of J. Barry Mitchell, the former Senior Vice President, Treasurer, and CFO. Mr. Mitchell has been elected President of Exelon's subsidiary, Commonwealth Edison Company. The filing notes that Mr. Young had already been covering Mr. Mitchell's prior responsibilities. This transition in key financial roles is the primary focus of this report.

Key Highlights

  • 1John F. Young appointed Chief Financial Officer (CFO) in addition to his role as Executive Vice President of Finance and Markets, effective December 6, 2005.
  • 2Michael R. Metzner appointed Treasurer, reporting to Mr. Young, and will continue as Vice President of Investor Relations.
  • 3These appointments are a result of the resignation of J. Barry Mitchell from his roles as Senior Vice President, Treasurer, and CFO.
  • 4J. Barry Mitchell has been appointed President of Exelon subsidiary Commonwealth Edison Company.
  • 5The report clarifies that Mr. Young had previously assumed Mr. Mitchell's prior responsibilities.
  • 6The filing also includes standard forward-looking statement disclaimers referencing previous SEC filings.

Frequently Asked Questions

John F. Young has been appointed as the Chief Financial Officer (CFO). He will hold this position in addition to his existing role as Executive Vice President of Finance and Markets.

The changes are due to the resignation of J. Barry Mitchell from his positions as Senior Vice President, Treasurer, and CFO. Mr. Mitchell is moving to become the President of Exelon's subsidiary, Commonwealth Edison Company.

Michael R. Metzner has been appointed Treasurer, reporting to the new CFO, John F. Young. He will continue to serve as Vice President of Investor Relations.

The filing indicates that John F. Young had already assumed Mr. Mitchell's prior responsibilities, suggesting a smooth transition of financial oversight. Mr. Metzner's expanded role also appears to maintain continuity in investor communications.