David Vahos, who became President and CEO of Phillips Edison & Company (PECO) in June 2025, will step down from the role and move into a special‑advisor position to Exelon’s President and CEO, Calvin Butler. Mike Innocenzo, Exelon’s Chief Operating Officer, has been named interim President and CEO of PECO, returning to the company after serving in that capacity from 2018 to 2024.
The transition follows PECO’s withdrawal of a controversial rate‑hike proposal in March 2026, a decision that drew public and regulatory scrutiny. Vahos’s tenure at PECO was brief—just under a year—while Innocenzo’s prior experience as PECO’s CEO provides continuity and a deep understanding of the company’s operations and strategy.
Innocenzo’s appointment is intended to preserve operational stability and maintain the growth trajectory that PECO has pursued under Exelon’s ownership. By retaining his COO role at Exelon, he can coordinate PECO’s day‑to‑day management with the broader corporate strategy, while Vahos’s advisory role allows him to contribute his expertise to Exelon’s executive team.
The leadership change is a material event for investors and analysts monitoring PECO’s strategic direction, as it signals a response to recent regulatory challenges and a commitment to steady governance during a period of public scrutiny.
The content on EveryTicker is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.