Jessica Hart
Doug Brown
Doug Brown is retiring from Exelon Corp., the public utility company, after 14 years as CIO, and Jessica Hart, currently the firm’s vice president of investment strategy and public markets, will succeed him.
Brown, a member of CIO’s Power 100 for 10 years, will retire as of July 1. He has managed $52 billion in Exelon’s assets, adding $30 billion in investment returns during his tenure.
Hart, vice president of investment strategy, joined the company in July 2022 after many years at Northern Trust Asset Management, where, among other things, she was in charge of its outsourced CIO business. She has been responsible for all of Exelon’s investment activities, including pension funds, defined contribution plans and other employee benefit trusts.
“It is rare and remarkable to work alongside someone who is considered an icon in the field,” said Exelon Chief Financial Officer Jeanne Jones in a company release. “It was a privilege to have Doug at Exelon. Beyond his contributions to the business, Doug has left a lasting impression on everyone who has had the honor of working with him.”
Before moving to Exelon in November 2009, Brown was CIO at automaker Chrysler LLC (now part of Dutch conglomerate Stellantis NV), overseeing $30 billion in assets.
In 2022, Brown was a key player in launching Exelon’s Community Impact Capital Fund, which seeks to provide economic opportunities to businesses in under-resourced communities. He was also involved in the creating the company’s Women and Minority-Owned Investment Manager Initiative. Brown was a member of Exelon’s corporate investment committee and the board of the Exelon Foundation, the firm’s charity arm.
From 2018 to 2020, he chaired the board of directors of the Committee on Investment of Employee Benefit Assets, known as CIEBA.
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Tags: Chrysler, Doug Brown, Exelon, Jessica Hart, Northern Trust