01—Abstract
Summary
Summary of the 8-K filed November 26, 2025. Cited figures are marked; the original filing is the authoritative source.
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.
02—Key points
Key Highlights
- David Glockner, EVP of Compliance, Audit and Risk, to depart Exelon effective January 1, 2026.
- Mr. Glockner's departure is governed by the Senior Management Severance Plan, indicating it's not for cause.
- Jeanne Jones, EVP and CFO, will assume expanded responsibilities including audit and risk departments.
- Colette Honorable, EVP, Chief Legal Officer, and Corporate Secretary, will assume expanded responsibilities for the compliance department.
- These changes lead to the new titles: EVP, Chief Finance Officer, Audit and Risk (Jones) and EVP, Chief Legal Officer, Compliance and Corporate Secretary (Honorable).
- The filing also includes standard exhibit information, such as Inline XBRL data.
03—Questions
Frequently Asked Questions
Why is David Glockner departing Exelon?
Exelon announced that David Glockner, Executive Vice President, Compliance, Audit and Risk, will depart the company effective January 1, 2026. The filing specifies that his departure will be under the terms of Exelon’s Senior Management Severance Plan applicable to a termination of employment other than for 'cause'.
How will Exelon's leadership structure change following Mr. Glockner's departure?
Following Mr. Glockner's departure, his responsibilities will be absorbed by other senior executives. Jeanne Jones, EVP and CFO, will take on oversight of the audit and risk departments. Colette Honorable, EVP, Chief Legal Officer, and Corporate Secretary, will assume responsibility for the compliance department. This will result in expanded roles and new titles for both Ms. Jones and Ms. Honorable.
What impact might these executive role changes have on investors?
The integration of audit, risk, and compliance functions under the CFO and Chief Legal Officer could signal a move towards greater centralization and direct oversight of these critical areas. Investors may see this as a potential for improved efficiency in governance and risk management, but will likely monitor how these expanded roles are managed and their impact on the company's operational and financial performance going forward.
04—Continue