Exelon announced that Mike Innocenzo, currently president and chief executive officer of Exelon subsidiary PECO, has been promoted to executive vice president and chief operating officer of Exelon, reporting to Exelon President and Chief Executive Officer Calvin Butler. Innocenzo will oversee all utility operations and the CEOs of BGE, ComEd, PECO and PHI will report to him. He will also be responsible for the Cyber & Information Security Services, Corporate Physical Security, IT, Safety, Supply, Training and Transmission Strategy & Compliance organizations.

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. 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.

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 Greater Philadelphia Chamber of Commerce since 2022.

He also serves on the boards of the Philadelphia Police Athletic League (PAL), the Franklin Institute, the American Gas Association, and the Electric Power Research Institute. He is a member of the Satell Institute and has advisory roles with Drexel University and Children's Hospital of Philadelphia. Innocenzo holds a bachelor's degree in electrical engineering from Widener University and an MBA from Villanova University.

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 Baltimore community, serving on the boards of the Hippodrome Foundation, Baltimore Museum of Art, Baltimore Symphony Orchestra, SquashWise, and Arts for Learning, Maryland.

She is a graduate of the University of Wisconsin Law School and received her bachelor's degree from Princeton University.