BGE HOME President and CEO William H. Munn to Retire
February 12 2008 - 5:10PM
PR Newswire (US)
Kevin Klages, BGE HOME Chief Operating Office, Named as Successor
BALTIMORE, Feb. 12 /PRNewswire-FirstCall/ -- Constellation Energy
(NYSE:CEG) today announced that William H. Munn is retiring as
president and chief executive officer of its BGE HOME subsidiary
effective in March and will be succeeded by Kevin Klages, currently
chief operating officer. Munn plans to spend more time with his
family and expand his current non-profit board activities. As
president the past 13 years, Munn has been the driving force behind
the growth and success of BGE HOME as it matured from a regional
storefront retailer into a high efficiency Home Comfort Sales and
Service Business, as well as a recognized leader in the sale of
high efficiency HVAC equipment. "Bill and his team have positioned
BGE HOME to be a leader in the fast- growing high-efficiency HVAC
sector," said Thomas F. Brady, executive vice president, corporate
strategy, Constellation Energy. "Under his leadership, the company
has made great strides and, most impressively, has done so while
boosting customer satisfaction to 96 percent. I'm confident Kevin
will build on Bill's track record of strong growth and BGE HOME's
unmatched commitment to customer service." Klages, who has been
with BGE HOME since its founding, will succeed Munn. Klages earned
a bachelor's degree from Loyola College and a master's degree from
the University of Baltimore. Klages serves as the American Cancer
Society's Board Representative to the United Way of Central
Maryland. BGE HOME, based in White Marsh, Maryland, provides
heating, air conditioning, plumbing, and electrical sales and
service; appliance repairs; and window and door replacements. The
company's customers include residential and small commercial,
throughout Maryland. Constellation Energy
(http://www.constellation.com/), a FORTUNE 125 company with 2007
revenues of $21 billion, is the nation's largest competitive
supplier of electricity to large commercial and industrial
customers and the nation's largest wholesale power seller.
Constellation Energy also manages fuels and energy services on
behalf of energy intensive industries and utilities. It owns a
diversified fleet of 78 generating units located throughout the
United States, totaling approximately 8,700 megawatts of generating
capacity. The company delivers electricity and natural gas through
the Baltimore Gas and Electric Company (BGE), its regulated utility
in Central Maryland. DATASOURCE: Constellation Energy CONTACT:
Media, Lawrence McDonnell, +1-410-470-7433, or Investors, Kevin
Hadlock, +1-410-470-3647, both of Constellation Energy Web site:
http://www.constellation.com/ Company News On-Call:
http://www.prnewswire.com/comp/084087.html
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