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CHICAGO - Exelon Corp. (NASDAQ:EXC), a Fortune 200 utility company with a market capitalization of $46.86 billion, has announced leadership changes within its ranks, with Carim Khouzami stepping into the role of Executive Vice President of Transmission and Development, and Tamla Olivier being promoted to President and CEO of Baltimore Gas and Electric (BGE), effective May 1. The company, which has demonstrated strong momentum with a 33% return over the past year, continues to attract investor attention. According to InvestingPro analysis, Exelon has maintained dividend payments for an impressive 55 consecutive years, showcasing its commitment to shareholder returns.
Khouzami, who has been with Exelon for 20 years, will oversee the company’s transmission operations and prepare for the anticipated surge in energy demand. He will also focus on fostering strategic partnerships essential for Exelon’s future plans. He will remain on the company’s Executive Committee.
Olivier, an almost 15-year veteran at Exelon, will lead BGE, Maryland’s largest electric and natural gas delivery company, serving over 1.3 million electric customers and 700,000 gas customers. She will also join Exelon’s Executive Committee. Olivier’s previous roles include overseeing operations for Pepco Holdings’ three utilities and serving as BGE’s senior vice president of customer operations and chief customer officer.
Exelon President and CEO Calvin Butler praised the appointed leaders, highlighting Khouzami’s expertise in transformation and Olivier’s customer-centric approach and leadership skills. Butler expressed enthusiasm for the contributions they will make in their new positions.
Khouzami’s past roles include Chief Operating Officer of Exelon Utilities and Chief Financial Officer of Exelon Utilities. He played a vital part in the company’s merger with Constellation Energy in 2012. Olivier, before her tenure at Pepco Holdings, was the President and CEO of BGE Home and is actively involved in community organizations in Maryland.
Exelon serves over 10.7 million customers through its six regulated transmission and distribution utilities and is committed to reliable, affordable, and efficient energy delivery. With annual revenue of $23 billion and a current dividend yield of 3.44%, the company maintains a strong market position. The company’s workforce is dedicated to community support, including workforce development, equity, and economic development. InvestingPro subscribers can access detailed financial health metrics and 8 additional ProTips that provide crucial insights into Exelon’s market position and growth potential.
The successor to Olivier’s role as Chief Operating Officer at Pepco Holdings will be announced in the near future. This restructuring is part of Exelon’s ongoing efforts to adapt to the evolving energy landscape and maintain its position as a leading utility provider. Trading at a P/E ratio of 19.04 and near its 52-week high of $48.11, Exelon currently appears overvalued according to InvestingPro’s Fair Value analysis. Investors can access a comprehensive Pro Research Report, part of InvestingPro’s coverage of 1,400+ US equities, for deeper insights into Exelon’s valuation and growth prospects.
This news is based on a press release statement from Exelon Corp.
In other recent news, Exelon Corporation reported impressive fourth-quarter results, with adjusted earnings per share (EPS) of $0.64, surpassing the analyst consensus of $0.60. The company also reported revenue of $5.47 billion, significantly exceeding estimates of $4.67 billion. For the full year 2024, Exelon’s adjusted EPS rose to $2.50 from $2.38 the previous year, with total revenue increasing by 4.8% to $23.03 billion. Looking ahead, Exelon has introduced a 2025 adjusted EPS guidance of $2.64-$2.74, which is above the analyst forecast midpoint of $2.63.
In a move to optimize its financial structure, Exelon issued $1 billion in new debt notes, allocating the proceeds to repay existing borrowings and for general corporate purposes. Additionally, the company successfully closed a $1 billion offering of junior subordinated notes at a 6.5% interest rate, with proceeds intended for capital structure management. Evercore ISI recently downgraded Exelon’s stock rating to In Line from Outperform, while raising the price target to $48, citing limited near-term upside compared to peers.
Furthermore, Exelon announced the appointment of cybersecurity expert David DeWalt to its Board of Directors, aiming to bolster its technological and security capabilities. These developments highlight Exelon’s strategic focus on financial management, growth, and enhancing its operational resilience.
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