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News Release |
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Entities: |
Constellation Energy Group Inc.; Constellation Energy Group, Inc.; Stanford University; Williams College |
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Date: |
2001 |
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$40 |
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#346026 |
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Exhibit No. 99.2
News Release
Contact: Nancy Caplan FOR IMMEDIATE RELEASE
410-783-3058
nancy.h.caplan@constellation.com
Charlie Welsh
410 234-5076
charles.welsh@bge.com
Constellation Energy Group Elects Mayo A. Shattuck III
New President and CEO
Christian H. Poindexter Continues as Chairman
Baltimore, MD - October 26, 2001 -- Constellation Energy Group (NYSE: CEG) today
announced the election of Mayo A. Shattuck III to the position of President and
Chief Executive Officer effective November 1, 2001. Christian H. Poindexter will
continue as Chairman of the Board.
"We have selected the absolute best person for the job of leading Constellation
Energy Group to success in the energy marketplace," said Christian H.
Poindexter, Chairman and Chief Executive Officer of Constellation Energy Group.
"When Mayo Shattuck decided a few weeks ago to leave his position as Chairman
and CEO of Deutsche Banc Alex. Brown, I knew immediately that we had to seize
this unique opportunity to recruit a person of his quality and stature. Mayo
Shattuck has a proven record of success in the world of capital markets,
trading, investment banking, and corporate finance - all fields that are vital
to the success of our company. Plus, Mayo has been a valued member of the
Constellation Energy Group Board of Directors for the past seven years. He knows
our company and is one of us. Most important, Mayo Shattuck brings the
indispensable quality of being a born leader. He is exactly the person we need,"
Mr. Poindexter said.
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