BUFFALO, N.Y., June 16, 2020 /PRNewswire/ -- M&T
Bank Corporation (NYSE: MTB) ("M&T") announced today the
election of Calvin G. Butler, Jr.,
Chief Executive Officer of Exelon Utilities, to its Board of
Directors, effective June 16, 2020.
Mr. Butler was also elected to the Board of Directors of M&T
Bank, M&T's principal banking subsidiary.
A resident of Baltimore, Md.,
Mr. Butler Jr. is a senior executive vice president of Exelon
Corporation ("Exelon") and Chief Executive Officer of Exelon
Utilities. He oversees Exelon Utilities' six local electric and
natural gas companies, which together form the nation's largest
utility company by customer count, serving approximately 10 million
electric and gas customers in New
Jersey, Maryland,
Illinois, Delaware, Pennsylvania and the District of Columbia, respectively. He
previously served as Chief Executive Officer of Baltimore Gas and
Electric Company ("BGE"), an Exelon company, from 2014 to 2019.
"Calvin Butler is a
transformational and inspirational business and community leader,
and his election to the M&T board comes at an important time
for our company, our customers and our colleagues," said
René F. Jones, M&T's
Chairman and CEO. "He will add to the voices and views in our
boardroom and throughout our company as we continue to support
inclusive and equitable opportunities in Baltimore and communities across our
footprint."
"I am honored to join M&T's board of directors and foster
their work delivering exceptional financial and operational
performance," said Mr. Butler. "My personal commitments align with
their efforts to be a strong corporate citizen and strengthen the
communities in which they operate. I am energized to join this
impressive team for the work ahead."
Mr. Butler joined Exelon in 2008 as Vice President of External
Affairs and Large Customer Services for ComEd, an Exelon company
and the largest electric utility in Illinois. He also held Senior Vice President
positions in Human Resources and Corporate Affairs for Exelon
before joining BGE in 2013 as the Baltimore utility company's Senior Vice
President of Regulatory and External Affairs.
Mr. Butler serves as board chair of the Gridwise Alliance, an
advocacy organization promoting modernization and innovation for
the nation's electrical grid, and on the Board of Directors for RLI
Corporation, serving as a member of its audit and
nominations/governance committees.
Mr. Butler serves on the boards of several prominent
Baltimore-based organizations
including the Baltimore Community Foundation, University of Maryland School of Medicine's Board
of Visitors, Greater Baltimore Committee, Cal Ripken, Sr. Foundation, the Center Club and
Caves Valley Golf Club. He is immediate past board chair of his
alma mater, Bradley University. In
addition, Mr. Butler serves on the board of the Institute of International Education, a
not-for-profit organization focused on advancing scholarship,
promoting access to education, and building economies; and the
Library of Congress' James Madison
Council.
He has been recognized by several organizations for his
leadership and community commitment. In 2020, he was named among
Black Enterprise Magazine's "Most Influential Black Executives in
Corporate America." In 2017, he was named among Black Enterprise
Magazine's "300 Most Powerful Executives in Corporate America," and
"Industrialist of the Year" by the Baltimore Museum of Industry.
Three times The Daily Record named Mr. Butler one of Maryland's "Most Admired CEOs" and one of its
top 35 Influential Marylanders, while Baltimore Magazine named him
as one of its "Top Ten Baltimoreans."
Mr. Butler earned a bachelor's degree from Bradley University and a Juris Doctor degree from
Washington University School of
Law.
About M&T Bank
M&T Bank Corporation is a
financial holding company headquartered in Buffalo, New York. M&T's principal banking
subsidiary, M&T Bank, operates banking offices in New York, Maryland, New
Jersey, Pennsylvania,
Delaware, Connecticut, Virginia, West
Virginia and the District of
Columbia. Trust-related services are provided by M&T's
Wilmington Trust-affiliated companies and by M&T Bank.
© 2020 M&T Bank. Member
FDIC.
Investor Contact:
Donald J. MacLeod
(716) 842 5138
dmacleod@mtb.com
Media Contact:
David Lanzillo
716-842-5139
dlanzillo@mtb.com
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SOURCE M&T Bank Corporation