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For Immediate Release

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PECO Communications

PECO.Communication@exeloncorp.com

Two PECO Leaders Take on New Roles to Advance Company Initiatives

Tony Gay and Doug Oliver transition to new leadership positions to help guide company's direction

PHILADELPHIA (November 5, 2019) – As part of PECO's efforts to develop leaders and strengthen its senior leadership team, two current executives from the organization are taking on new roles.

Tony Gay has recently been named vice president and general counsel and will lead PECO's legal and claims teams. He succeeds Romy Diaz, who is retiring at the end of the year. Gay previously served as vice president of Governmental & External Affairs, and before that, he provided legal support to PECO's regulatory department. Before joining PECO, Gay supported Verizon Communication's legal team, served at the law firm of Morgan, Lewis & Bockius LLP, and clerked for U.S. District Judge Raymond A. Jackson.

He holds an undergraduate degree in Political Science from Penn State University and a J.D. from the University of Pennsylvania School of Law. He also serves as a board member of the Committee of 70, the Public Interest Law Center, Steppingstone Scholars, Inc., and the Philadelphia Zoo.

Doug Oliver has recently been named vice president of Governmental & External affairs, succeeding Tony Gay. In his new role, Oliver will oversee the company's governmental objectives, external stakeholder outreach, marketing, large customer services, and economic development. Oliver previously served as vice president of Corporate Communications, where he provided strategic oversight of the company's internal and external communications, including media relations, social media, content creation, and advertising. Before joining PECO, Oliver was a candidate for mayor of Philadelphia, and worked as vice president of External Affairs and senior vice president of Marketing and Corporate Communications at Philadelphia Gas Works.

Oliver holds a bachelor's degree in Communications from Lock Haven University, a master's degree in Communications from LaSalle University, and an MBA from Saint Joseph's University. He serves on the boards of Philadelphia Youth Network, the Philadelphia Convention and Visitor's Bureau, the Philadelphia Ad Club, LEADERSHIP Philadelphia, and PhiladelphiaWORKS. He is also on the Corporate Leadership Board of the Barnes Foundation.

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PECO, founded in 1881, is Pennsylvania's largest electric and natural gas utility. Headquartered in Philadelphia, PECO delivers energy to more than 1.6 million electric customers and more than 523,000 natural gas customers in southeastern Pennsylvania. The company's 2,700 employees are dedicated to the safe and reliable delivery of electricity and natural gas as well as enhanced energy management conservation, environmental stewardship and community assistance. In 2018, PECO was named to Forbes Magazine's list of Best Employers for Women. The company also has an estimated annual economic impact of $4.8 billion in Pennsylvania, supporting more than 9,000 local jobs and producing $775 million in labor income. PECO is a subsidiary of Exelon Corporation (Nasdaq: EXC), the nation's only Fortune 100 utility and leading competitive energy provider. For more information visit PECO.com, and connect with the company on Facebook and Twitter.

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