Mayo A. Shattuck III

Mayo A. Shattuck III (b. 1954 in Massachusetts) is a notable American businessman, and currently Chairman and CEO of Baltimore-based Constellation Energy.

Career

Shattuck graduated from the Noble and Greenough School and received his Bachelor of Arts degree from Williams College and his Masters in Business Administration degree from Stanford University, where he graduated as an Arjay Miller Scholar. He has also received an honorary Doctor of Public Service degree from the University of Maryland, Baltimore County.

Not much is known else about Shattuck's career before joining Alex. Brown & Sons at its San Francisco office, where he played a role in arranging funding for various high-tech clients, and public offerings for companies as Microsoft and America Online. By 1991 he became president and chief operating officer at Alex. Brown, second to future Central Intelligence Agency Executive Director A. B. "Buzzy" Krongard.

In 1997, they helped engineer the company's sale to Bankers Trust for $1.7 billion; after Bankers Trust in turn was acquired by Deutsche Bank he served as Chairman of the Board of Deutsche Bank Alex. Brown and, also serving as heads of Investment Banking and Private Banking. Shattuck resigned on September 12, 2001 as head of the Deutsche Bank Alex. Brown.^[1]

By October 26, he was appointed President and CEO of Constellation Energy Group, and was elected Chairman of the Board in July 2002.

While Shattuck was CEO of Constellation Energy, the price of electricity paid by residential customers in the service area of the CEG wholly owned company BGE increased 72% when the temporary electricity rate price caps, which had set the price of electricity below the market price, that were instituted with the deregulation of the electric market in Maryland ended. In 2008, the stock price of Constellation Energy dropped from a $107.97 high to a low $13.00.[1]

Other affiliations

In 1997, Mayo Shattuck was made trustee of the Seagram Company, Ltd.

Shattuck has several other notable past and current affiliations, including directorships at Gap, Inc and Capital One,^[2] positions on several lobbying and policy advocacy organizations (including the Edison Electric Institute, the Nuclear Energy Institute and the Institute of Nuclear Power Operations), board memerships at several educational institutions (Johns Hopkins, Stanford and the University of Maryland), and at The Walters Art Museum.

He was also a candidate to take over as National Football League commissioner after Paul Tagliabue's retirement, but Roger Goodell won the job.

Shattuck is married to Molly Shattuck.

References

1. ^ "Chief Steps Down At Alex. Brown". The New York Times (The New York Times Company). 2001-09-15. http://query.nytimes.com/gst/fullpage.html?res=9801E5DD1F38F936A2575AC0A9679C8B63. Retrieved 2008-01-14. 
2. ^ SEC Info - Shattuck Mayo A III - 3 - Capital One Financial Corp - For 10/31/03 - EX-24

External links

• Personal website
• Rosenwald, Michael S. Contrarian Shattuck Took Constellation To the Top, Washington Post, 9 January 2006.
• http://www.cooperativeresearch.org/entity.jsp?entity=mayo_shattuck_iii
• Mayo A. Shattuck III at NNDB
• http://www.topix.net/com/ceg
• http://www.baltimoresun.com/news/local/politics/bal-md.rates13mar13,0,4040513.story
• http://www.baltimoresun.com/business/bal-bz.constellation12mar12,0,802807.story
• http://www.baltimoresun.com/business/bal-te.bz.constellation04mar04,0,3203551.story
• http://www.marketwatch.com/quotes/ceg

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Name	Shattuck, Mayo
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Date of birth	1954
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