Anne Pramaggiore Assumes the Top Post at ComEd

CHICAGO, Feb. 27, 2012 /PRNewswire/ -- ComEd today announced that Anne R. Pramaggiore has become its president and chief executive officer, an appointment first announced on Sept. 9.  The leadership transition follows the retirement of Frank M. Clark, chairman and CEO since 2005 and 46-year veteran of the utility. 

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"It is with great pride that I hand the baton to Anne Pramaggiore, my friend, collaborator and colleague through so many milestones in the history of our company," said Clark, who started in the mailroom in 1966 and led the company's effort to garner passage of the Illinois Customer Choice Law of 1997.  "Anne's contributions to this company have been nothing short of extraordinary and I could not leave ComEd in more capable hands."

"This company has been my life's work for more than 14 years and today we stand as a strong, forward-leaning organization thanks to the inspired leadership of my predecessor and friend Frank Clark," said Pramaggiore.  "The coming years will be a time of great opportunity for ComEd as we embark on the ambitious plan to modernize our system, increase our interaction with customers, deliver a new level of care and provide a new value proposition to our customers.  Backed by a strong and talented management team and skilled and dedicated employees, I am excited about the work ahead."

Pramaggiore joined ComEd in 1998.  Most recently, she held the position of president and COO where she was responsible for overseeing the day-to-day operations of the company, which delivers electric service to 3.8 million customers throughout northern Illinois, employs a work force of 5,600 and has revenues of approximately $6.1 billion.  Over the last year, she led ComEd's efforts to enact the Energy Infrastructure Modernization Act, which authorizes the utility to embark on a $2.6 billion infrastructure program to strengthen the existing electric system and add digital technologies to improve overall system reliability, reduce outages and improve power restoration.

Pramaggiore rose through ComEd's legal and regulatory ranks, playing a crucial role in the company's successful transition to an open and competitive electricity market. In 2007, she helped strike an accord that provided Illinois residents with $1 billion in rate relief, while preserving the state's competitive electricity market.  In May 2009, Pramaggiore was promoted to president and COO of the company.

Pramaggiore's leadership teams consists of Terence R. Donnelly, executive vice president and COO; Fidel Marquez, senior vice president, Governmental and External Affairs; Kevin B. Brookins, senior vice president, Strategy and Administration; Thomas S. O'Neill, senior vice president, Regulatory and Energy Policy and general counsel; Val Jensen, senior vice president, Customer Operations; John T. Anthony, senior vice president, Distribution Operations; and Joseph R. Trpik, senior vice president, CFO and treasurer.

Commonwealth Edison Company (ComEd) is a unit of Chicago-based Exelon Corporation (NYSE: EXC), one of the nation's largest electric utilities with approximately 5.4 million customers. ComEd provides service to approximately 3.8 million customers across northern Illinois, or 70 percent of the state's population.

SOURCE ComEd

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