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Mayo A. Shattuck III was appointed President and Chief Executive Officer of Constellation Energy in 2001, and was elected Chairman of the Board in 2002. Under Mr. Shattuck’s leadership, Baltimore-based Constellation Energy has transformed from a regional regulated utility to a global energy company. Constellation Energy is the nation’s largest competitive provider of power to wholesale, commercial, industrial and governmental customers, and continues to deliver electricity and natural gas to more than a million customers in central Maryland through its regulated utility, Baltimore Gas and Electric. Under Mr. Shattuck’s leadership, Constellation Energy’s annual revenues have increased from nearly $4 billion in 2001 to more than $19 billion in 2006. The company has been named one of America’s most admired energy companies by Fortune magazine, has been listed on the BusinessWeek 50 list of top-performing companies in the U.S., chosen as one of Forbes magazine’s Global Superstars, named for three consecutive years to the Dow Jones Sustainability Index and has advanced to No. 119 on the Fortune 500 list of the country’s largest public companies. Throughout this period, earnings and shareholder value have continued to increase steadily. In 2005, Constellation Energy received the Edison Award, the electric power industry’s highest honor, in recognition of its significant contributions to the industry’s advancement. In addition to its remarkable growth and profitability, Constellation Energy has also been recognized as one of the region’s most distinguished corporate citizens. Ranked the largest corporate philanthropist in Baltimore by the Baltimore Business Journal, Constellation Energy contributed more than $12 million last year alone. Prior to joining Constellation Energy, Mr. Shattuck was with Deutsche Bank, where he served as Chairman of the Board of Deutsche Bank Alex. Brown and, earlier in his tenure, Global Head of Investment Banking and Global Head of Private Banking. From 1997 to 1999, he served as Vice Chairman of Bankers Trust Corporation, which merged with Deutsche Bank in June 1999. From 1991 until 1997, Mr. Shattuck was President and Chief Operating Officer and a Director of Alex. Brown, Inc., which merged with Bankers Trust in 1997. A graduate of Williams College, Mr. Shattuck also holds a Master of Business Administration degree from Stanford University, where he graduated as an Arjay Miller Scholar. He also has received an honorary Doctor of Public Service degree from the University of Maryland, Baltimore County. He is a director of Gap Inc. and Capital One Financial Corporation, and holds board positions with the Edison Electric Institute, Nuclear Energy Institute, the Institute of Nuclear Power Operations, Johns Hopkins Medicine, the University of Maryland, Baltimore Country and The Walters Art Museum. |
