Constellation Energy Announces Key Executive Appointments
October 21 2008 - 9:15AM
Business Wire
Constellation Energy (NYSE: CEG) today announced two new management
appointments � Jonathan (Jack) W. Thayer as chief financial officer
and Charles A. Berardesco as general counsel � as the Company
progresses toward closing its merger with MidAmerican Energy
Holdings Company. The appointments are effective immediately. �Jack
and Charlie are talented and experienced executives, who possess
extensive knowledge of their disciplines, as well as a deep
understanding of Constellation Energy�s businesses, customers,
stakeholders and culture,� said Mayo A. Shattuck III, chairman,
president and chief executive officer of Constellation Energy. �I
am confident in their ability and expertise to move the company
forward and achieve our strategic objectives.� Thayer, 37,
previously served as vice president and managing director of
corporate strategy and development at Constellation Energy, and was
appointed treasurer in August 2008. He succeeds John R. Collins,
who has stepped down from his role as chief financial officer and
will move into an advisory capacity to assist with the MidAmerican
merger and other strategic initiatives. Collins will continue to
serve as chairman, Constellation Energy Partners, LLC (NYSE: CEP),
which was formed, and is approximately 28 percent owned, by
Constellation Energy. Berardesco, 50, previously vice president,
deputy general counsel, chief compliance officer and corporate
secretary of Constellation Energy, succeeds Irving B. Yoskowitz,
who is retiring. As vice president and managing director of
corporate strategy and development, Thayer has been responsible for
strategic transaction analysis and planning since his appointment
in November 2004. He previously headed Constellation Energy�s
investor relations department, managing relationships with the
Company�s shareholders and analysts and building an
industry-leading investor relations and shareholder services
function as part of Constellation Energy�s corporate turnaround.
Prior to joining Constellation Energy, Thayer held financial
positions at Deutsche Bank Securities Inc. and SBC Warburg Dillon
Read Inc., where he focused on mergers and acquisitions and
transaction financing. Thayer earned a bachelor's degree from
Middlebury College and a master's degree in business administration
from Harvard University. Berardesco has served as vice president
and deputy general counsel since September 2006. He has been
responsible for Constellation Energy�s SEC reporting, legal
compliance and ethics programs, supporting mergers and
acquisitions, corporate finance and corporate staff functions,
while also coordinating the activities of the Company's Board of
Directors. He joined Constellation Energy in January 2003 as
associate general counsel and was appointed chief compliance
officer and corporate secretary in 2005. Prior to joining
Constellation Energy, Berardesco served as vice president, general
counsel and corporate secretary of Fusura, a consortium of AIG,
Kemper and Prudential. He also was senior vice president, general
counsel and corporate secretary for HCIA, a publicly held health
care information company, and was previously counsel with the
national law firm of Piper Rudnick and partner in the law firm of
Whiteford, Taylor & Preston. Berardesco earned his bachelor's
degree from Duke University and his Juris Doctor from The George
Washington University, where he was the managing editor of The
George Washington Law Review. About Constellation Energy
Constellation Energy (http://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 83 generating units located throughout the
United States, totaling approximately 9,000 megawatts of generating
capacity. The company delivers electricity and natural gas through
Baltimore Gas and Electric Company (BGE), its regulated utility in
Central Maryland. Forward-Looking Statements and Additional
Information We make statements in this news release that are
considered forward-looking statements within the meaning of the
Securities Exchange Act of 1934. These statements are not
guarantees of our future performance and are subject to risks,
uncertainties and other important factors that could cause our
actual performance or achievements to be materially different from
those we project. For a full discussion of these risks,
uncertainties and factors, we encourage you to read our documents
on file with the Securities and Exchange Commission, including
those set forth in our periodic reports under the forward-looking
statements and risk factors sections. Except as required by law, we
do not intend to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise.
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