Why Exelon’s CFO is stepping into a new strategy role

Exelon, a leading utility firm, is expanding the responsibilities of its Chief Financial Officer (CFO) as of October 5. Jeanne Jones, who has been in the role since 2022, is taking on the newly created position of Executive Vice President (EVP) of Finance and Strategy. This move places her at the forefront of the company's strategic decisions as electricity demand increases and utilities face pressure to invest without raising customer bills.

Jones will continue reporting to Exelon President and CEO, Calvin Butler. Robert Kleczynski, currently serving as SVP, Controller, and Head of Tax, will become Jones' direct report. Butler praised Jones' leadership in delivering strong financial performance while maintaining customer-focused service. The shift in the CFO's role highlights the growing expectation for finance chiefs to play a more significant part in determining the company's long-term investments, alongside the CEO, according to Andy West, a senior partner at McKinsey and co-leader of the firm's Strategy and Corporate Finance practice.