Ruth Ann Gillis

(Retired) EVP and Chief Administrative Officer

Exelon Corporation

Director, KeyCorp

Ruth Ann Gillis is an experienced C-suite executive and board director known for her financial acumen, 20+ years of public and private board directorships and extensive leadership skills honed over a 37-year career in three regulated industries. She has been a CFO of banking, healthcare and energy/utility companies and has led large scale businesses ($1.7 billion divisions). She has merger and acquisition, operations, IT, real estate, health care (as a provider and plan administrator), investment, risk management, Human Resources and Human Capital Management (including executive compensation) and diversity, equity & inclusion management. Ruth Ann has a great ability to advise, coach, shape strategic agenda and to lead teams. As an independent director, Ruth Ann makes tangible contributions to boards and drives thoughtful discussion. She has chaired Audit and Compensation Committees and served on Finance, Risk, Technology, Nominating & Governance Committees. She is an active member of WCD (Women Corporate Directors) and NACD (National Association of Corporate Directors) and since 2017 is recognized as an NACD Board Leadership Fellow. Ruth Ann participates in and presents at board director continuing education forums on emerging issues.

Board Experience: Ruth Ann is a financial expert with corporate board service across a variety of industries for publicly-held and private companies. In her board service, she has participated in Chairman/CEO succession, corporate restructuring, mergers and acquisitions, and the sale of lines of business. She is an informed director who invests in learning the business, developing trusted relationships with other directors, and operating with a diplomatic and well-reasoned perspective. Ruth Ann adds a strong independent voice to her boards that helps drive shareholder value.

Director, KeyCorp [NYSE: KEY], Cleveland, OH (2009-present) serving on the Risk and Technology Committees and previously served as Chair of the Audit Committee and served on the Nominating & Governance Committee and Regulatory Forum.

Director, Snap-on Incorporated [NYSE: SNA], Kenosha, WI (2014-present) serving on the Audit Committee.

Director, Voya Financial [NYSE: VOYA], New York, NY (2015-present), Chair, Compensation & Benefits Committee, and serving on the Audit and Risk, Investment & Finance Committees.

Former Director, Potlatch Corporation [NASDAQ: PCH], Spokane, WA (2000-2013) and served on the Audit and Finance Committees and Chaired the Compensation Committee. Retired from the PCH board after 10 years of service in 2013.

Former Trustee, Archstone-Smith Trust (NYSE: ASN), Englewood, CO (2004-2007) and Chaired the Audit Committee. ASN was sold in 2007.

Former Director, Parson Group LLC, (Privately held) Chicago, IL (1998-2002) and served on the Audit Committee. Company was sold in 2002.

Professional Profile: Ruth Ann is the retired Chief Administrative Officer and Executive Vice President, Exelon Corporation and President, Exelon Business Services Company. As chief administrative officer of Exelon Corporation (NYSE: EXC; operating revenues: $33B; market capitalization: $43B) and president of Exelon Business Services (a $1.7B business with over 2,500 employees), Ruth Ann was responsible for providing oversight for transactional and corporate services to the Exelon operating companies, including information technology, supply chain, human resources and real estate, as well as other advisory, professional, technical and support services. As CAO, Ruth Ann led significant cost containment/cost efficiency initiatives. She was a member of Exelon’s Executive, Corporate Investment and Corporate Risk Management Committees as well as a member of the Exelon Foundation board of directors. From 2009-2012, Gillis also served as Exelon's Chief Diversity Officer.

Previously, Ruth Ann was responsible for field operations, customer satisfaction, public/external affairs, and real estate and property management for Commonwealth Edison (ComEd) as executive vice president; ComEd is Exelon's largest utility subsidiary with 4 million customers and $5.9B in revenues. From Exelon’s inception in October 2000 until October 2002, Ruth Ann served as chief financial officer of Exelon Corporation. Prior to the merger creating Exelon, she was CFO of Unicom Corporation (the predecessor holding company to Exelon). In addition, she was senior vice president of competitive operations, which included customer service operations, marketing and sales and new business development, all residing in ComEd. Ruth Ann also was responsible for the unregulated businesses residing in Unicom Enterprises, Inc., and Unicom Resources. She joined the company in 1997 as vice president and treasurer of Unicom Corporation. As treasurer, Gillis was responsible for the corporation’s financing activities, asset and liability management, financial risk management and treasury functions.

Before joining Unicom, Ruth Ann was CFO, treasurer and vice president of the University of Chicago Hospitals and Health System. Her responsibilities included oversight of all aspects of accounting, financial reporting, financing, investment management and treasury for a $600 million health care system anchored by the University of Chicago Hospitals.

From 1977 to 1996, Ruth Ann worked for First Chicago Corporation (now JPMorgan Chase & Co.), where she held a variety of line (new business and corporate lending) and staff positions including CFO of American National Bank and Business Manager for First Chicago's North American Banking Group (large corporate banking) and the SuperRegional Bank (First Chicago’s credit card, retail and middle market banking businesses). She began her career as a management trainee in First Chicago's First Scholar Program.

Civic Involvement: Volunteerism is a core value and Ruth Ann donates her time to various civic, arts and educational organizations. She is a sustaining member of the University of Chicago Cancer Research Foundation Women’s Board, Past President of the Foundation’s Board of Trustees and continues as an HonoraryTrustee. She a Life Trustee and Past Chair of the Goodman Theatre. Ruth Ann is a National Director of the Lyric Opera of Chicago serving as its Treasurer and Chairs the Finance Committee. She is a member of The Chicago Network, Economic Club of Chicago and Commercial Club of Chicago.

Education:

UNIVERSITY OF CHICAGO GRADUATE SCHOOL OF BUSINESS, Chicago, Illinois Master of Business Administration, 1980. Concentration: Finance.

SMITH COLLEGE, Northampton, Massachusetts Bachelor of Arts, 1977, Economics, Magna cum laude, Phi Beta Kappa.