Exelon Announces Executive Leadership Changes
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Mike Innocenzo named Exelon Chief Operating Officer. Dave Velazquez to succeed Innocenzo as President and CEO of PECO. Denise Galambos to succeed Amy Best as Exelon Chief Human Resources Officer as Best announces retirement.
“As we focus on leading an equitable energy transformation for our customers and communities, making a positive impact begins with the talent and experience of our team,” said Butler. “We are pleased to have Mike Innocenzo, who has spent his career delivering operational excellence at PECO, bring his expertise to overseeing operations across Exelon. Mike will build on the top-tier performance levels our customers have come to expect. Similarly, we have a high caliber, respected industry leader in Dave Velazquez, with experience leading utilities, to continue PECO’s advance toward best-in-class service. Both leaders are a testament to the depth of experience at Exelon.”
Exelon’s Executive Vice President and Chief Human Resources Officer (CHRO) Amy Best has announced she will retire in May. Best has been with the company for 32 years, serving as Exelon’s CHRO since 2012. During her tenure, Exelon has been widely recognized for its commitment to DEI, pay equity and family leave policies. Denise Galambos will succeed Best as senior vice president and Exelon’s CHRO. Denise currently serves as Baltimore Gas and Electric’s (BGE) senior vice president of Customer Operations.
“One of Amy’s most notable accomplishments has been designing and nurturing a diverse and inclusive company culture where employees feel valued and safe bringing their authentic selves to work each day,” said Butler. “This has been the foundation of Exelon’s leading talent attraction and development capabilities. On behalf of our 19,500 employees, our entire executive leadership team thanks Amy for her dedicated service to this company and our people, and we wish her well in her new chapter. We’re also excited to welcome Denise Galambos to her new role and look forward to her leadership as we continue to strengthen our culture and power a cleaner and brighter future for our customers and communities.”
Innocenzo will assume the chairmanship of the boards of directors at BGE, ComEd, PECO and Pepco Holdings. Velazquez will assume the vice-chairmanship of the board of directors at PECO. Galambos will join Exelon’s Executive Committee. Innocenzo, Velazquez and Galambos will transition to their new roles on April 1, 2024.
More about Mike Innocenzo
Innocenzo joined the company in 1988 and has served in a range of roles of increasing responsibility in Electric and Gas Distribution Operations, Energy Management, Smart Grid, Process Improvement, and Project Management. Before assuming the CEO role at PECO in 2018, he served as PECO’s chief operating officer. Innocenzo has served as Board Chair of The
More about Dave Velazquez
Velazquez has more than 40 years of utility and energy industry experience. He joined Exelon in 2016 at the merger of Exelon and Pepco Holdings, assuming the role of PHI president and CEO. Prior to the merger, Velazquez was the executive vice president and leader of the power delivery business for Pepco Holdings. He managed over 95 percent of the business and employee base and was responsible for all utility operations in three states and the
Velazquez has served on the boards of several educational and community organizations, such as the Trust for the National Mall, Smithsonian’s National Zoo and Conservation Biology Institute Advisory Board,
More about Denise Galambos
Galambos has held several leadership roles at Exelon since joining the company in 2012 as part of Constellation and BGE’s merger into Exelon. Before moving into the chief customer officer role at BGE, she was vice president of Utility Oversight and was responsible for identifying and developing policy positions which furthered the overall business strategy across multiple operating companies. She ensured coordination on key issues such as non-wires alternatives, distribution planning, decarbonization and electrification strategies. Prior to her policy role, she was vice president of Human Resources where she oversaw Labor Relations including a first contract negotiation, talent management, succession planning, compensation and diversity, equity and inclusion at BGE. Galambos also worked in Exelon's legal department as an associate general counsel for Labor and Employment.
Galambos is active in the
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About Exelon
Exelon (Nasdaq: EXC) is a Fortune 250 company and the nation’s largest utility company, serving more than 10 million customers through six fully regulated transmission and distribution utilities — Atlantic City Electric (ACE), Baltimore Gas and Electric (BGE), Commonwealth Edison (ComEd), Delmarva Power & Light (DPL), PECO Energy Company (PECO), and Potomac Electric Power Company (Pepco). More than 19,500 Exelon employees dedicate their time and expertise to supporting our communities through reliable, affordable and efficient energy delivery, workforce development, equity, economic development and volunteerism. Follow Exelon on X, formerly known as Twitter, @Exelon.
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Source: Exelon
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