Exelon names W. Paul Bowers as new Independent Board Chair

CHICAGO - Exelon Corporation (NASDAQ:EXC), a leading utility company with a market capitalization of $47.13 billion, announced today the appointment of W. Paul Bowers as its new Independent Board Chair effective immediately. Bowers succeeds John F. Young, who has retired after serving as Board Chair since 2022. According to InvestingPro data, Exelon has demonstrated strong momentum, with shares trading near their 52-week high of $48.11.

Bowers brings over 40 years of experience in the utilities sector to his new role at Exelon, having previously held the position of Chair and CEO at Georgia Power. His expertise in financial management, regulatory affairs, and risk management is expected to guide Exelon through its ongoing transformation in the energy industry.

"Picking Paul Bowers as our next Board Chair is a significant step for Exelon, especially as we approach our 25th year in business. His leadership will be pivotal in sustaining our growth and delivering value," commented Exelon President and CEO Calvin Butler.

In addition to his new role at Exelon, Bowers serves on multiple boards, including Aflac as the Lead Non-Management Director, and holds positions with EnviroSpark, Children’s Healthcare of Atlanta, and Brand Safway.

Bowers expressed gratitude to his predecessor, John Young, for his service and leadership, which he believes has positioned Exelon to maintain its industry leadership.

Exelon, a Fortune 200 company, is one of the nation’s largest utility firms, serving over 10.7 million customers through its six regulated transmission and distribution utilities. With annual revenue of $23.03 billion and an impressive track record of 55 consecutive years of dividend payments, the company maintains a strong market position. InvestingPro analysis reveals 8 additional key insights about Exelon’s performance and prospects, available to subscribers. The company is recognized for its commitment to community support, energy reliability, and efficient service. This transition in leadership is part of Exelon’s broader strategy to navigate the rapidly evolving energy landscape and focus on sustainable growth, with analysts forecasting continued profitability for the coming year.

The information in this article is based on a press release statement from Exelon and enhanced with financial data from InvestingPro, which provides comprehensive research reports and detailed analysis for over 1,400 US stocks, including Exelon Corporation.

In other recent news, Exelon Corporation has seen several key developments. Both Mizuho Securities and BMO Capital Markets have raised their price targets for Exelon to $50, maintaining an Outperform rating. Mizuho’s analysis emphasized Exelon’s stable investment prospects, while BMO Capital anticipates a 28% year-over-year increase in earnings per share for the first quarter of 2025. In contrast, Evercore ISI downgraded Exelon’s stock rating to In Line but raised the price target to $48, citing limited near-term upside potential compared to peers.

Exelon has also announced leadership changes, appointing Carim Khouzami as Executive Vice President of Transmission and Development and Tamla Olivier as President and CEO of Baltimore Gas and Electric. Additionally, cybersecurity expert David DeWalt has joined Exelon’s Board of Directors, bringing significant expertise to enhance the company’s focus on technology and security. These developments reflect Exelon’s ongoing efforts to adapt to industry changes and maintain its position as a leading utility provider.

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