For Immediate Release
BALTIMORE (Aug. 2, 2019) – David Vahos, senior vice president, chief financial officer, and treasurer at BGE, has been named a winner of the 2019 Best in Finance: CFO Award by the
Baltimore Business Journal, and Valencia McClure, vice president of governmental and external affairs at BGE, has been included on
Savoy magazine’s “Most Influential Women in Corporate America” list for 2019.
Baltimore Business Journal's annual Best in Finance awards honor Baltimore-area CFOs and top financial managers who demonstrate outstanding leadership in the boardroom and in the community. Vahos and the seven other honorees will receive their award at an event in September.
Under Vahos's leadership in 2018, BGE met and exceeded its financial obligations to its shareholders and parent company, Exelon, and invested more than $1 billion in gas and electric system infrastructure for the first time in a deregulated environment (dating back nearly two decades). He kept BGE close to its operations and maintenance spending goals despite the wettest year on record in Maryland, enabling the company to continue keeping costs down for customers.
Vahos joined BGE in 1998 and has served in his current role since 2016. He oversees all financial functions of the company. Prior to joining BGE, Vahos served as senior accountant at KPMG Peat Marwick, LLP, where he focused on assurance and consulting services, as well as compliance and financial statement audits. He is vice president of the Towson University Foundation board of directors and a member of the board of directors of the YMCA of Central Maryland. He is an active supporter of the United Way of Central Maryland. In addition, he is a founding and current board member of the Baltimore chapter of the Association of Latino Professionals for America.
He earned an accounting degree from Villanova University and an MBA from the Johns Hopkins Carey Business School.
More information on the
Baltimore Business Journal's Best in Finance: CFO Award is available at
Savoy's prestigious list celebrates African American women achievers impacting corporate America. Candidates are selected based on their exemplary record of accomplishments and influence while working to better their community and inspire others. The final list, narrowed from more than 500 prospects, includes executives from a broad range of industries.
profile of McClure highlights her numerous accomplishments over a communications and community affairs career that spans more than 30 years. In her current role at BGE as leader of government affairs, corporate relations, marketing, and large customer services, she is responsible for building key stakeholder relationships and developing strategic initiatives that enhance the company's reputation. She was previously BGE's director of communications and corporate relations. McClure also held communications leadership positions with Exelon Power, where she was responsible for cultivating collaborative relationships regionally and nationally.
Prior to her joining Exelon, McClure was owner of McClure Communications Inc., a full-service public relations firm. She also worked at local and cable news outlets in Dallas, TX. She serves on the board of visitors for the University of Maryland School of Medicine, and on the boards of directors for Susan G. Komen Maryland, Bowie State University, Yumi C.A.R.E.S., and the Baltimore Symphony Orchestra. She previously served on the board of directors for several Dallas-area nonprofit organizations, including the Dallas Black Chamber of Commerce, Dallas Children's Theater, and Southern Methodist University's Corporate Communications and Public Affairs committee.
She is a graduate of the Leadership Maryland and Leadership Dallas programs, and she received her bachelor's degree in journalism from the University of Texas at Arlington.
Savoy list is available in the magazine's
summer 2019 issue.
BGE, founded in 1816 as the nation's first gas utility and headquartered in Baltimore, is Maryland's largest natural gas and electric utility. The company's approximately 3,200 employees are committed to safe and reliable energy delivery to more than 1.25 million electric customers and more than 650,000 natural gas customers in central Maryland. In the J.D. Power 2017 and 2018 Electric Utility Business Customer Satisfaction Study SM, BGE was ranked Highest in Customer Satisfaction with Business Electric Service in the East among Large Utilities. In addition, in the J.D. Power 2018 Gas Utility Business Customer Satisfaction Study SM BGE received Best in Customer Satisfaction with Business Natural Gas Service in the East. BGE is a subsidiary of Exelon Corporation (NYSE: EXC), the nation's leading competitive energy provider. Like us on Facebook and follow us on Twitter, Instagram, YouTube and Flickr.
Baltimore Gas and Electric Company (or "BGE") received the highest score in the East Large segment of the 2018 Electric Utility Business Customer Satisfaction Study and the East Region of the 2018 Gas Utility Business Customer Satisfaction Study of electric and gas utility customer satisfaction among business customers. Visit jdpower.com/awards.