Linda Jojo
EXELONAbout Linda Jojo
Independent director of Exelon Corporation since September 2015; age 59; tenure ~9.5 years as of April 29, 2025. Former EVP and Chief Customer Officer at United Airlines; prior senior technology leadership roles in regulated industries. Expertise highlighted in technology, cybersecurity, innovation, and customer experience; background in computer science and industrial engineering. Current committee memberships: Audit & Risk (ARC) and Operations, Safety & Customer Experience (OSCC); slated to become Chair of the Corporate Governance Committee (CGC) if re‑elected, effective April 29, 2025 .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| United Airlines Holdings, Inc. | EVP, Chief Customer Officer | 2022–2024 | Customer solutions, contact centers, innovation oversight |
| United Airlines Holdings, Inc. | EVP, Technology & Chief Digital Officer | 2017–2022 | Technology and digital transformation leadership |
| United Airlines Holdings, Inc. | EVP & Chief Information Officer | 2014–2017 | CIO leading complex IT organizations |
| Rogers Communications Inc. | EVP & Chief Information Officer | 2011–2014 | CIO in wireless/media, regulated environment |
| Energy Future Holdings Corporation | SVP & Chief Information Officer | 2008–2011 | CIO in utility sector (regulated) |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Federal Reserve Bank of Chicago | Director | Not disclosed | Governance oversight; regulated environment |
| Rensselaer Polytechnic Institute | Trustee | Not disclosed | Academic governance |
| Hero Digital Holdings LLC | Director | Not disclosed | Technology/marketing services |
| Adler Planetarium | Former Chair, Board of Trustees | Not disclosed | Non-profit leadership |
Board Governance
- Independence: All non-employee directors are independent under Nasdaq standards; ARC and TMCC members are independent. Jojo is independent .
- Committee assignments: Member, ARC (6 meetings in 2024); member, OSCC (2 meetings in 2024). Will join CGC and, if re-elected, serve as CGC Chair effective April 29, 2025; CGC held 5 meetings in 2024 .
- Attendance: Board held 6 meetings in 2024; every director attended at least 75% of Board and relevant committee meetings; average attendance 98% .
- Engagement: Independent directors meet in executive session at each regular board meeting; robust onboarding and continuing education (including cybersecurity workshops/tabletop exercises) .
- Oversight domains tied to Jojo’s expertise: ARC oversight of financial reporting, compliance/ethics, enterprise risk; OSCC oversight of operations, safety, and customer experience; CGC oversight of sustainability/climate and political contributions .
Fixed Compensation
| Component | Amount | Notes |
|---|---|---|
| Annual Cash Retainer | $125,000 | Standard non-employee director retainer |
| Annual Equity Award (DSUs) | $165,000 | Deferred stock units; granted quarterly; dividend equivalents reinvested |
| 2024 Director Compensation – Jojo (Total) | $305,000 | Cash $125,000; Equity $165,000; All Other $15,000 (matching gift) |
| Chair Fees (if applicable to roles) | $20,000–$25,000 | CGC/TMCC/OSCC Chair $20,000; ARC Chair $25,000 (applies when serving as chair) |
| Special Committee Fees (if constituted) | $5,000/quarter | As long as the special committee remains needed |
Performance Compensation
| Metric Category | Metrics | Applicability to Director Pay |
|---|---|---|
| Director equity | DSUs (time-based) | No performance metrics disclosed for director equity grants; DSUs accrue dividend equivalents |
Note: Performance metrics (EPS/ROE/CFO/Debt/TSR) apply to executive LTIP; directors’ equity grants are not performance-conditioned .
Other Directorships & Interlocks
- Current public company boards: None .
- Related-person transactions: None identified in 2024 .
- Trade associations/political activity oversight is at board level via CGC; transparent reporting and high CPA-Zicklin score (92.9) signal governance quality .
Expertise & Qualifications
- Technology & cybersecurity leadership from CIO/CDO roles; innovation and customer experience oversight; industrial engineering/computer science background .
- Experience in regulated industries (utilities, telecom); enhances risk oversight and regulatory understanding on ARC/OSCC .
Equity Ownership
| Ownership Item | Value | Notes |
|---|---|---|
| Beneficial ownership (total shares/units) | 49,046 | Includes DSUs and equivalents; none pledged |
| DSUs held (Dec 31, 2024) | 49,046 | DSU balances by director table |
| Hedging/pledging policy | Prohibited | Insider trading policy bans hedging/pledging; applies to directors |
| Director stock ownership guideline | Required within 5 years | DSUs, share equivalents, and common shares count toward guideline |
Recent Insider Trades (Form 4)
| Date (Trade) | Instrument | Shares | Price | Source |
|---|---|---|---|---|
| Dec 31, 2024 | DSUs (stock award grant) | 1,119 | $36.87 | |
| Mar 31, 2025 | DSUs (quarterly grant) | 933 | $44.19 | |
| Jun 29, 2025 | DSUs (quarterly grant) | 954 | $43.25 | |
| Sep 30, 2025 | DSUs (quarterly grant) | 950 | $43.43 | |
| Filing references | Form 4 filings | — | — |
Governance Assessment
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Strengths
- Independent status, long tenure, and deep technology/cybersecurity credentials align with EXC’s critical risk areas; active ARC/OSCC membership and incoming CGC chair role strengthen oversight of financial controls, operations/safety, customer experience, sustainability, and political spending .
- Strong attendance culture (average 98%) and regular executive sessions bolster board effectiveness .
- Director pay mix favors equity (57% DSUs) enhancing alignment; DSUs accrue dividends and are settled in shares; no director option grants outstanding since 2012; hedging/pledging prohibited; no related-party transactions identified .
- CGC uses independent compensation consultants for director pay; EXC demonstrates transparency in political contributions (CPA‑Zicklin 92.9) .
-
Potential red flags
- None evident from 2024 disclosures: no related-party transactions; no pledging; director travel tax gross-ups eliminated in 2024; robust compliance/ethics oversight in place .
-
Signals relevant to investor confidence
- Planned elevation to CGC Chair indicates board trust in Jojo’s governance leadership; complements technology/cyber focus with sustainability/policy oversight .
- Consistent quarterly DSU accumulation supports long-term alignment; no discretionary meeting fees beyond standard program; clear, median-targeted director pay benchmarking .
- Company-wide say-on-pay support (93.7% in 2024; 5‑yr avg 93.5%) reflects broader investor approval of compensation governance, indirectly supporting board oversight credibility .