PECO Announces Transition of President and CEO David Vahos to Special Advisor to Exelon’s President and CEO

Mike Innocenzo, Exelon Chief Operating Officer to Step in as Interim President and CEO of PECO while Retaining Current Responsibilities

PHILADELPHIA--(BUSINESS WIRE)--PECO, an Exelon company, today announced that PECO President and CEO David Vahos will transition to the role of Special Advisor to Exelon President and CEO, Calvin Butler. Mike Innocenzo, Exelon's chief operating officer, will immediately step in as interim President and CEO of PECO while retaining his current responsibilities. Innocenzo served previously as President and CEO of PECO from 2018-2024.

Innocenzo’s service to Exelon is extensive. Prior to his current role and serving as President and CEO of PECO, he was the senior vice president and chief operating officer of PECO, where he was responsible for leadership of the utility’s overall performance associated with operations, safety, service reliability, customer satisfaction and financial management. Previous roles with the company include vice president, Distribution System Operations and Advanced Grid and Meter Technology, director of Gas Operations, Quality Services and Performance Improvement, and regional director in Chester, Delaware and Philadelphia counties, as well as a regional engineering manager for Chester and Delaware counties. Innocenzo also was the emergency services supervisor in Philadelphia and a project engineer in Philadelphia and Montgomery counties.

"I am honored to once again lead PECO, as we stay relentlessly focused on operational excellence and advocating for affordable energy for our customers,” said Innocenzo. “I want to thank Dave Vahos for his continued commitment to our customers, communities and employees, and for his leadership of the energy transformation.”

Innocenzo is a board member and immediate past chair of The Chamber of Commerce for Greater Philadelphia. He has received numerous awards and accolades for his commitment to community and equity, including The POWER of Professional Women Advocate Award, Philadelphia Citizen’s Lewis Katz Corporate Citizen of the Year, and was named Most Admired CEO by Philadelphia Business Journal, among other honors. He also serves on the boards of the Philadelphia Police Athletic League (PAL), the Franklin Institute, the American Gas Association, and the Electric Power Research Institute, where he serves as second chair. He is also a member of the Satell Institute and has advisory roles with Drexel University and Children's Hospital of Philadelphia.

Innocenzo holds a bachelor’s degree in electrical engineering from Widener University and an MBA from Villanova University.​