Summary
Exelon Corporation (EXC) announced a significant executive leadership change effective January 1, 2026, with the departure of David Glockner, Executive Vice President, Compliance, Audit and Risk. Mr. Glockner's departure is structured under the company's Senior Management Severance Plan, indicating a departure other than for cause. This transition will lead to a realignment of responsibilities within Exelon's senior management team, aiming to integrate key oversight functions more directly with existing executive roles. In response to Mr. Glockner's departure, Exelon is expanding the roles of two key executives. Jeanne Jones, currently Executive Vice President and Chief Financial Officer, will absorb responsibility for the audit and risk departments, becoming Executive Vice President, Chief Finance Officer, Audit and Risk. Concurrently, Colette Honorable, Executive Vice President, Chief Legal Officer and Corporate Secretary, will assume oversight of the compliance department, adding the title Executive Vice President, Chief Legal Officer, Compliance and Corporate Secretary. These changes suggest a strategic effort to streamline governance and risk management functions under the purview of the CFO and CLO, respectively, which could impact operational efficiency and corporate oversight.
Key Highlights
- 1David Glockner, EVP of Compliance, Audit and Risk, to depart Exelon effective January 1, 2026.
- 2Mr. Glockner's departure is governed by the Senior Management Severance Plan, indicating it's not for cause.
- 3Jeanne Jones, EVP and CFO, will assume expanded responsibilities including audit and risk departments.
- 4Colette Honorable, EVP, Chief Legal Officer, and Corporate Secretary, will assume expanded responsibilities for the compliance department.
- 5These changes lead to the new titles: EVP, Chief Finance Officer, Audit and Risk (Jones) and EVP, Chief Legal Officer, Compliance and Corporate Secretary (Honorable).
- 6The filing also includes standard exhibit information, such as Inline XBRL data.