Summary
Exelon Corporation announced a change to its Board of Directors, effective September 3, 2019. The size of the board was increased to fourteen directors with the election of Admiral John M. Richardson. Admiral Richardson's appointment is for a term lasting until the 2020 annual meeting of shareholders and includes service on the Finance and Risk Committee and the Generation Oversight Committee. Investors should note that Admiral Richardson will receive the standard compensation package for Exelon directors.
Key Highlights
- 1Exelon Corporation's Board of Directors size increased to fourteen.
- 2Admiral John M. Richardson elected as a new director.
- 3Director appointment effective September 3, 2019.
- 4Admiral Richardson to serve until the 2020 annual shareholder meeting.
- 5Admiral Richardson appointed to the Finance and Risk Committee.
- 6Admiral Richardson appointed to the Generation Oversight Committee.
- 7New director will receive standard director compensation.
Frequently Asked Questions
Admiral John M. Richardson has been elected as a new director to Exelon Corporation's Board.
Admiral Richardson's appointment is effective September 3, 2019.
Admiral Richardson has been appointed to serve on the Finance and Risk Committee and the Generation Oversight Committee of the Board.
Admiral Richardson will receive Exelon's standard compensation for its directors, as detailed in the company's proxy statement.