USG hires former Exelon CFO Associated Press, The "AP Financial News"
CHICAGO -- Wallboard maker USG Corp. said Monday that it named Matthew Hilzinger as its executive vice president and chief financial officer.
Hilzinger, a former CFO of Exelon Corp. , succeeds Richard Fleming , who will remain with Chicago -based USG as an executive vice president until his expected retirement later this year. Hilzinger's appointment is effective May 1 .
Hilzinger, 48, became Exelon's senior vice president and CFO in 2008 after joining the company as vice president and corporate controller in 2002, USG said.
Most recently, he served as the company's executive vice president and chief integration officer, responsible for combining Exelon's operations with those of Constellation Energy . Exelon's $7.9 billion takeover of Constellation closed earlier this month, creating one of the largest competitive power suppliers in the United States .
Hilzinger has more than 20 years of financial and operating experience. Before joining Exelon, he held a variety of financial positions at Kmart Corp. and prior to that he worked for Handleman Co. , USG said.
USG shares fell 39 cents , or 2.1 percent, to $17.66 in morning trading. Its shares had risen to a 52-week high of $19.44 on Wednesday. They traded as low as $5.75 in early October.
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