Anne R. Pramaggiore, most recently president and COO of ComEd, has taken over as CEO, effective February 27.
This follows the retirement of Frank M. Clark, chairman and CEO since 2005 and a 46-year veteran of the utility.
“This company has been my life’s work for more than 14 years and today we stand as a strong, forward-leaning organization thanks to the inspired leadership of my predecessor and friend Frank Clark,” said Pramaggiore. “The coming years will be a time of great opportunity for ComEd as we embark on the ambitious plan to modernize our system, increase our interaction with customers, deliver a new level of care and provide a new value proposition to our customers.”
Pramaggiore joined ComEd in 1998. As president and COO she was responsible for overseeing the day-to-day operations of the company, which delivers electric service to 3.8 million customers throughout northern Illinois. Over the last year, she led ComEd’s efforts to enact the Energy Infrastructure Modernization Act, which authorizes the utility to embark on a $2.6 billion infrastructure program to strengthen the existing electric system and add digital technologies to improve overall system reliability, reduce outages and improve power restoration.
Pramaggiore rose through ComEd’s legal and regulatory ranks, playing a crucial role in the company’s successful transition to an open and competitive electricity market. In 2007 she helped strike an accord that provided Illinois residents with $1 billion in rate relief, while preserving the state’s competitive electricity market.
Terence R. Donnelly fills the role of executive vice president and COO.