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Los Angeles Times

Exelon-Constellation announces leadership team for merged firm

Several top Constellation Energy executives would hold senior leadership positions in the combined company if its planned merger with Exelon Corp. is approved, Exelon said Friday.

Jonathan W. "Jack" Thayer, Constellation's chief financial officer, would become executive vice president and chief financial officer of the combined company, Exelon announced. A filing with the Securities and Exchange Commission said Kathleen W. Hyle, senior vice president of Constellation Energy who now heads the company's growing retail and wholesale energy business, will continue to oversee the commercial businesses through the closing of the merger and is in discussions about a senior role within Exelon.

The executives would report to Christopher M. Crane, who would be president and chief executive after the merger.

After the deal closes, Ken DeFontes would stay on as chief executive of BGE, reporting to Denis P. O'Brien of Exelon, who would be senior executive vice president of Exelon Corp. and chief executive of Exelon Utilities.

The companies have previously said that Mayo A. Shattuck III, Constellation's chairman and CEO, would be executive chairman of the combined company.

lorraine.mirabella@baltsun.com

Copyright © 2015, Los Angeles Times
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