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Former Constellation CEO Shattuck retires from Exelon — but remains on its board

Former Constellation CEO Shattuck retires from Exelon — but remains on its board

Mayo A. Shattuck III, who coordinated the sale of two Baltimore institutions to out-of-state concerns and ran the region's power company for a volatile decade, has retired from the parent of Baltimore Gas and Electric Co. Chicago-based Exelon Corp. didn't announce his retirement so much as mention in passing — in a hefty securities filing Thursday — that Feb. 28 was his last day as an employee. But Shattuck, 58, isn't cutting ties with the company. Previously executive chairman, he is now non-executive chairman of Exelon's board. The move will trigger a lump-sum payment in August of his pension— valued in December at $63 million — and will likely...

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