
Exelon Announces Executive Leadership Appointments in Governmental, External and Regulatory Affairs
Jaclyn Cantler, previously vice president of Electric Operations for Pepco Holdings, has been named senior vice president, GREA for Delaware and New Jersey, underscoring Exelon's strategic investment in these regions. In her new capacity, Cantler will lead all regulatory, legislative and strategic initiatives for Delmarva Power in Delaware and Atlantic City Electric in New Jersey. She will report to Tyler Anthony, president and CEO of Pepco Holdings.
Valencia McClure, previously vice president of GREA and Pepco region president, has been promoted to senior vice president, GREA, overseeing all regulatory, legislative and strategic initiatives for Exelon's local energy companies in Maryland and the District of Columbia, including BGE, Delmarva Power Maryland and Pepco. She will report to Colette Honorable, executive vice president of Public Policy and chief legal officer for Exelon, working closely with the leadership of the local energy companies.
Alexander Núñez, currently senior vice president of GREA for BGE, has announced his retirement at the end of August, following 24 years of service.
'These appointments reflect our commitment across Exelon to operate in the way that brings the most value to our customers,' said Honorable. 'The policy landscape is changing at all levels, and we must continue to lead. We're fortunate to have an extremely skilled leadership team at Exelon, and we're excited to be able to promote from within for these two key roles. Jaclyn and Valencia bring the right combination of critical expertise and passion for our customers to help strengthen our combined advocacy efforts across the company.'
'By bringing our Maryland regulatory and legislative teams together, we can look forward to a streamlined and more nimble organization," said Tamla Olivier, president and CEO of BGE. 'Valencia's deep experience in the industry and in partnering with District of Columbia and Maryland communities will ensure we're representing our customers' best interests. We also thank Alex for his dedication to our employees and customers alike and for helping build many of the Maryland partnerships that allow us to serve our communities in the state.'
'Valencia and Jaclyn are both motivational and collaborative leaders who are connected to the needs of the customers and communities we serve across Maryland, D.C., Delaware and New Jersey,' said Anthony. 'Their expertise and customer focus will help our local energy companies continue to make strides providing the reliable, affordable service our customers expect.'
Cantler has been with the company for 23 years, with leadership roles across Pepco Holdings' electric operations. She is a Licensed Professional Engineer in the state of Delaware, a Leadership Delaware Fellow and serves on the board of the Boys and Girls Club of Delaware and the Metro DC Hispanic Contractor's Community Foundation board. Cantler is the executive sponsor of the Pepco Holdings' chapter of ENABLED (Exelon Network for Awareness Benefiting Leaders & Employees About Disabilities).
McClure brings 15 years of experience at Exelon, including prior roles at BGE and Pepco, and is active in several community organizations, including serving on the boards of the Washington DC Economic Development Partnership, University of Maryland School of Medicine, the Girl Scouts of Central Maryland and Bowie University. She is a graduate of Leadership Maryland and is the executive sponsor of Pepco Holdings' Network Empowering Women (NEW) employee resource group.
Exelon (Nasdaq: EXC) is a Fortune 200 company and one of the nation's largest utility companies, serving more than 10.7 million customers through six fully regulated transmission and distribution utilities — Atlantic City Electric, BGE, ComEd, Delmarva Power, PECO, and Pepco. Exelon's 20,000 employees dedicate their time and expertise to supporting our communities through reliable, affordable and efficient energy delivery, workforce development, equity, economic development and volunteerism. Follow @Exelon on LinkedIn.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
10 minutes ago
- Yahoo
UMB Financial Corp (UMBF) Q2 2025 Earnings Call Highlights: Strong Loan Growth and Strategic ...
Net Income: $215.4 million, including $13.5 million of acquisition expense. Net Operating Income: $225.4 million or $2.96 per share. Pre-Tax Gain on Investments: $37.7 million, including $29.4 million from Voyager technologies. Net Charge-Offs: $9 million or 13 basis points of average UMB loans. Non-Performing Loans Ratio: Improved by 2 basis points to 26 basis points. CET1 Ratio: 10.39%, a 28 basis point increase from March 31st. Average Loans Growth: Increased 12.7% to $36.4 billion. Average Deposits Growth: Increased 10.7% to $55.6 billion. Net Accretion to Net Interest Income: $42.2 million, with a 27 basis point margin benefit. Assets Under Administration: Grew to $543 billion in fund services, $600 billion in institutional banking. Credit and Debit Card Purchase Volumes: $5.6 billion, driving a 10.4% increase in fees. Operating Expenses: $23.4 million in acquisition-related amortization of intangibles. Preferred Stock Offering: Netting $294 million of Tier 1 capital. Effective Tax Rate: Expected between 19% and 21% for the full year 2025. Warning! GuruFocus has detected 2 Warning Sign with UMBF. Release Date: July 30, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points UMB Financial Corp (NASDAQ:UMBF) reported strong net income available for common shareholders of $215.4 million, with a significant pre-tax gain of $37.7 million from prior investments. The company achieved a notable 8 basis point expansion in net interest margin and double-digit balance sheet growth. Average loans increased by 12.7% to $36.4 billion, and average deposits rose by 10.7% to $55.6 billion, reflecting solid organic growth. UMB Financial Corp (NASDAQ:UMBF) successfully executed a pilot conversion of Heartland's Minnesota franchise, positioning well for a full conversion in October. The company completed an offering of Series B preferred stock, netting $294 million of Tier 1 capital, enhancing its capital position. Negative Points The company incurred $13.5 million in acquisition expenses, impacting overall net income. Total net charge-offs for the quarter were 17 basis points, with credit card charge-offs being a significant contributor. Operating expenses included $23.4 million in acquisition-related amortization of intangibles, adding to the cost burden. UMB Financial Corp (NASDAQ:UMBF) anticipates third-quarter operating expenses to be slightly higher, driven by merit increases and incentive accruals. The cost of interest-bearing deposits remained flat, but total deposit costs increased, reflecting a mixed shift. Q & A Highlights Q: Can you provide more details on the significant loan growth this quarter and how much of it is attributed to Heartland? A: Mariner Kemper, Chairman and CEO, explained that the loan growth aligns with expectations, with strong production from both Heartland and UMB's legacy team. The quarter saw nearly $2 billion in top-line production, and similar numbers are expected in the next quarter across all categories and regions. Q: How are you managing the alignment of the UMB and Heartland portfolios, and what impact do you expect from payoffs and paydowns? A: Mariner Kemper noted that while some credits may not align with UMB's standards and could be phased out, the overall impact on the balance sheet will be immaterial. The focus is on maintaining a stable payoff level on a combined basis. Q: What is the expected impact of the HSA changes under the new budget bill on long-term growth in deposits and fees? A: Jim Rine, President and CEO of UMB Bank, stated that while the changes could open up eligibility to around 7 million more people, the impact is expected to be marginal. The company is prepared to provide education to newly eligible individuals but does not anticipate a significant windfall. Q: How should we think about expense growth after the integration of Heartland, and what are the expectations for cost savings? A: Ram Shankar, CFO, mentioned that the second phase of cost savings from the Heartland transaction will occur in the fourth and first quarters. The focus is on achieving positive operating leverage, and while specific expense growth rates are not provided, the company aims to achieve all targeted cost savings from the transaction. Q: Can you elaborate on the credit quality at Heartland and the expected path for non-performing loans (NPLs) and net charge-offs (NCOs)? A: Mariner Kemper indicated that NPLs have started to decrease and are expected to continue improving month over month. The company anticipates that charge-offs will remain at or near historical averages for the second half of the year, reflecting confidence in the portfolio's performance. Q: What are you seeing in terms of deposit competition, and how do you expect deposit pricing to evolve? A: Mariner Kemper explained that commercial and institutional deposits are competitive but manageable, with growth possible at institutional money market rates. The consumer segment has seen 1% to 2% growth, and with an expanded branch network and marketing campaigns, UMB expects to capture more consumer deposits. Q: Are there any synergies being realized on the fee revenue side from the HTLF acquisition? A: Mariner Kemper noted that while it's early, there is positive momentum with activities such as credit card sales and mortgage loan applications. The company anticipates more opportunities for corporate trust referrals, with energy levels and pipelines building. Q: How is the Heartland team contributing to balance sheet growth, and is there more capacity for growth? A: Mariner Kemper stated that the Heartland team is just beginning to show its potential, with significant opportunities for future contributions to balance sheet growth. The current results are only the start of what the team can achieve. Q: What is the outlook for the core margin, and how might it be affected by potential Fed rate cuts? A: Ram Shankar explained that the core margin is expected to remain flat in the third quarter. If the Fed cuts rates, it could positively impact the margin as indexed deposits would reprice down. The company is prepared for various scenarios, with fixed asset repricing and other factors providing potential tailwinds. Q: How sustainable is the growth rate in fund services revenue, and what are the prospects for this business line? A: Mariner Kemper expressed confidence in the fund services business, citing strong client service ratings and a robust technology stack. The business benefits from industry disruption and a strong pipeline, with expectations for continued growth driven by both existing client success and new business acquisition. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
40 minutes ago
- Yahoo
Microsoft, Meta surge after blowout results
LONDON (Reuters) -Shares in artificial intelligence heavyweights Microsoft and Meta Platforms both surged in European trading on Thursday, after blowout quarterly results after-market on Wednesday. Meta shares surged 12.2% in Frankfurt after it forecast quarterly revenue well ahead of Wall Street expectations. Microsoft shares jumped 9%, as surging Azure cloud computing revenue above analysts' expectations, showcasing the growing return on its AI bets. The jump in shares lifted futures on Wall Street, with S&P futures up 1% and futures on the technology-heavy Nasdaq up 1.3%.
Yahoo
an hour ago
- Yahoo
Microsoft, Meta surge after blowout results
LONDON (Reuters) -Shares in artificial intelligence heavyweights Microsoft and Meta Platforms both surged in European trading on Thursday, after blowout quarterly results after-market on Wednesday. Meta shares surged 12.2% in Frankfurt after it forecast quarterly revenue well ahead of Wall Street expectations. Microsoft shares jumped 9%, as surging Azure cloud computing revenue above analysts' expectations, showcasing the growing return on its AI bets. The jump in shares lifted futures on Wall Street, with S&P futures up 1% and futures on the technology-heavy Nasdaq up 1.3%. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data