Kenneth J. Parker Promoted to Senior Vice President Of Government Affairs & Corporate Citizenship

WASHINGTON--(BUSINESS WIRE)--Pepco Holdings, Inc., is pleased to announce the promotion of Kenneth J. Parker to senior vice president, government affairs and corporate citizenship, from vice president, public policy, effective Sept. 1. In his new role, Parker will be a member of the PHI Executive Leadership Team.

“His understanding of PHI’s business strategies and key initiatives, and dedication to our vision and core values, will be critical to this role. We will benefit greatly from his steady and thoughtful approach moving forward.”

Through his leadership and building strategic relationships with elected officials, regulators and community leaders, Parker will advance PHI’s critical business goals such as improving infrastructure and reliability as well as deepening the relationship with the communities we serve.

Parker is taking over the post from Beverly L. Perry, current PHI senior vice president, external affairs, who announced she will retire after 22 years with the company. While Parker will assume the role of policy lead for PHI, Perry will remain at PHI as special advisor to the CEO, where she will provide executive counsel, represent the company externally and provide transition guidance to Parker until her retirement in June 2013. Perry will remain a member of the Executive Leadership Team through her retirement date.

“Ken brings the breadth of skills and public policy experience necessary to develop and sustain mutually beneficial relationships with our external stakeholders in the regulatory, political and community arenas,” said Joseph M. Rigby, chairman, president and CEO of Pepco Holdings. “His understanding of PHI’s business strategies and key initiatives, and dedication to our vision and core values, will be critical to this role. We will benefit greatly from his steady and thoughtful approach moving forward.”

Rigby added, “It has been an honor to have Beverly on PHI’s leadership team helping the company navigate the political challenges of doing business in our jurisdictions and leading PHI’s external affairs organization. Beverly’s rise from a young tobacco farmer in North Carolina to prominent lawyer, senior executive and recognition as one of the most powerful women in Washington is an inspiring story. We will miss her counsel and will wish her the best as she moves forward.”

Parker joined Atlantic City Electric in 1986 and has held various positions of increasing responsibility, including director of government affairs for New Jersey; vice president, Atlantic Region; region president, Atlantic City Electric; and, most recently, PHI vice president, public policy, where he was responsible for developing PHI’s position on issues and reconciling federal and state issues throughout PHI’s service area. He is a 1990 graduate of Delaware State University, where he earned a degree in Early Childhood Education. He is a former local Board of Education elected official and state Board of Education Member. Parker is a graduate of both Leadership New Jersey and Leadership Greater Washington and serves on the Advisory Board of Governors of Ford’s Theatre.

About PHI: Pepco Holdings, Inc. (NYSE: POM) is one of the largest energy delivery companies in the Mid-Atlantic region, serving about 2 million customers in Delaware, the District of Columbia, Maryland and New Jersey. PHI subsidiaries Pepco, Delmarva Power and Atlantic City Electric provide regulated electricity service; Delmarva Power also provides natural gas service. PHI also provides energy efficiency and renewable energy services through Pepco Energy Services.