ComEd Chairman and CEO Frank M. Clark Announces Retirement
CHICAGO -- Frank M. Clark, chairman and CEO of ComEd, announced he will retire from the company upon the closing of parent company Exelon's acquisition of Constellation Energy, which is expected to occur in the first quarter of 2012.
Clark's retirement will cap a 46-year career at the company, which began in the mailroom in 1966. "I am fortunate to have had the opportunity to work for a wonderful company, with the great respect and support of (Exelon Chairman and CEO) John Rowe," Clark said. "I consider the opportunity to lead ComEd during some of the most challenging periods in its history an experience for which I am forever grateful. Looking ahead to the next chapter in my life, I have every confidence that ComEd will continue to build upon its status as a leading performer in our industry."
Clark, 66, was appointed the company's first African-American chairman and CEO in 2005. In 2001, he was named the company's first African-American president.
"Frank is an extraordinary, dedicated leader who has served our company and our customers extremely well," Rowe said. "He is also a tirelessly devoted humanitarian, a passionate supporter of education and someone I have been proud to call my colleague and friend."
PRNewswire
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