John W. Rowe, chairman, president and CEO of Exelon Corporation, was named the best CEO in the electric utilities sector by Institutional Investor magazine in its annual ranking of the Best CEOs in America.
“Exelon has been one of the most consistently profitable companies in the electricity industry, having grown operating earnings an average of about 12 percent per year over the past seven years,” said Rowe. “I’m honored to be recognized by the financial community and Institutional Investor for our success. It’s my job and the job of Exelon’s management team to deliver sustainable value to our shareholders, and I believe Exelon is uniquely positioned to continue on a successful path in the years ahead.”
To arrive at its list of Best U.S. CEOs, Institutional Investor asked portfolio managers, analysts and other investment professional to name the best U.S. CEOs in the sectors in which they invest. Some 900 people at 425 institutions responded, offering first, second and third place votes in each of the sectors with which they were familiar. These votes were weighted to produce a score for each executive that Institutional Investor used to compile the rankings.