(Source: Business Wire)
Exelon Corporation today announced that it has named Douglas J. Brown
senior vice president and chief investment officer, effective Nov. 16.
Brown comes to Exelon following a 26-year career with Chrysler
Corporation and its affiliates, where he most recently served as
assistant treasurer and chief investment officer. He replaces George
Shicora, who is retiring.
Reporting to William A. Von Hoene, Jr., executive vice president,
finance and legal, Exelon, Brown will lead a team of professionals
responsible for managing $15 billion of trust assets, including pension,
post retirement, nuclear decommissioning trusts, defined contribution
and non-qualified plan assets. He will be responsible for managing the
governance of the plans, including investment practices, funding and
related regulatory compliance.
"Adding Doug to our management team signifies the great importance we
place on managing our pension and decommissioning assets, which comprise
a very significant portion of our balance sheet. We have the utmost
confidence in Doug's abilities, as confirmed by the strong performance
of pension funds previously under his care," said Von Hoene.
As chief investment officer for Chrysler LLC, Brown led an organization
responsible for all asset management activities globally for Chrysler
LLC, including pension funds, defined contribution plans and other
employee benefit trusts totaling $30 billion. Chrysler's $20 billion
U.S. pension fund has been among the top performing funds over the past
one-, three- and five-year periods.
Brown's career with Chrysler and its affiliates began in 1983. He was
advanced to positions of increasing responsibility, including manager,
financial planning and control for Chrysler Financial Corporation;
treasurer for DaimlerChrysler Canada; and director, corporate finance
and capital markets for DaimlerChrysler Corporation.
Exelon Corporation is one of the nation's largest electric utilities
with nearly $19 billion in annual revenues. The company has one of the
industry's largest portfolios of electricity generation capacity, with a
nationwide reach and strong positions in the Midwest and Mid-Atlantic.
Exelon distributes electricity to approximately 5.4 million customers in
northern Illinois and southeastern Pennsylvania and natural gas to
485,000 customers in the Philadelphia area. Exelon is headquartered in
Chicago and trades on the NYSE under the ticker EXC.
A service of YellowBrix, Inc.
