Exelon's finance chief to oversee corporate strategy as demand for electricity grows
Jeanne Jones, Exelon's CFO since 2022, will become EVP of finance and strategy on Oct. 5, a new role that places her at the center of the utility's long-term planning. Robert Kleczynski, currently SVP and controller, will succeed her as CFO. The move reflects a broader trend of CFOs taking on more strategic responsibilities amid rising electricity demand and pressure to invest without increasing customer bills.
Jones has spent nearly two decades at Exelon, including a prior stint as CFO of ComEd, one of the country's largest electric utilities, before rising to the parent company's top finance post in 2022. Her new position consolidates oversight of financial operations with long-range planning across Exelon's six regulated utilities, which serve roughly 11 million customers. Kleczynski, who has been leading accounting and tax functions, steps into the CFO role as the company reports strong recent results—second-quarter revenue reached $5.97 billion, a 10% increase over the prior year, with adjusted earnings per share rising to 43 cents from 39 cents. The leadership shift comes as Exelon, having divested its generation business in 2022, concentrates entirely on regulated transmission and distribution infrastructure.
This leadership restructuring could signal how major utilities are adapting to a period of heightened electricity demand and aging grid infrastructure. Ratepayers may see the effects through how Exelon balances infrastructure investment against bill affordability, while shareholders could benefit from tighter alignment between financial planning and strategic direction. The move also reflects a broader corporate trend where finance chiefs increasingly shape long-term business decisions, potentially influencing how other utilities structure their executive teams in response to similar pressures.