EXC
New boss, same utility drama
Exelon is doing a little executive chair shuffle at PECO. David Vahos is transitioning from president and CEO of the utility to special advisor to Exelon’s president and CEO, and COO Mike Innocenzo is stepping in as interim president and CEO.
Why investors should care
This isn’t the kind of headline that sends traders sprinting for the exits, but utilities are basically giant regulated chessboards. Leadership changes can ripple into how smoothly rate filings, regulator chats, and day-to-day operations get handled.
The real takeaway
The move reads more like continuity than chaos. Innocenzo already knows the business as Exelon’s COO, so this is less “new face, new world” and more “same playbook, different person holding the whistle.”
Big picture: for Exelon, the market usually cares more about regulation and rates than office politics — but in a business this tightly managed, even a CEO swap can nudge sentiment around the edges.