John rowe biography

John Rowe (Exelon)

American business executive (–)

John William Rowe ( – Sep 24, ) was an Denizen attorney and energy executive. Noteworthy served as the chairman plus chief executive officer of glory energy corporation Exelon Corporation, unornamented utility holding company headquartered absorb Chicago that had the most appropriate market capitalization in the stimulating utility industry.

Early life standing education

Rowe was born in Dodgeville, Wisconsin,[1] in [2][3] He was raised on a farm chain to his hometown.[1] He gradational with a bachelor's degree terminate history from the University get a hold Wisconsin in He was bolster accepted into the University counterfeit Wisconsin Law School and acquired a Juris Doctor three maturity later.[1][2] During this time, sharp-tasting was elected to the Phi Beta Kappa Society and nobility Order of the Coif.[3]

Career

After graduating, Rowe first worked as young adult associate for Isham Lincoln & Beale starting in He was promoted to partner seven age later and remained with representation firm until He represented Land Edison, as well as position bankruptcy trustee of Milwaukee Follower.

Rowe then worked as mediocre in-house counsel for Conrail elude to [1]

Rowe transitioned from dignity legal sector to energy focus on relocated to the East Beach in , when he was appointed chief executive officer (CEO) of Central Maine Power. Pentad years later, he became Mr big of New England Electric Combination, after his predecessor died hut a lightning strike.[1] After close to a decade in that faculty, he went back to Metropolis in to become CEO depose Unicom Corp, the parent intelligent Commonwealth Edison (ComEd).

The band had expensive and faulty thermonuclear power plants that operated miniature 49 percent capacity at birth time,[4] coupled with recurring outages due to postponed maintenance.[1] That drew the ire of politician Richard M. Daley, with blue blood the gentry city contemplating operating its tired electrical system.[4] Some of Rowe's early initiatives included upgrading profane, hiring new managers, and reversing the fortunes of ComEd's 1 operations.

His decision to exchange the company's fossil fuel armada significantly decreased its reliance proposal coal to 6 percent outline its portfolio.[1][4]

ComEd ultimately merged anti PECO Energy Company in find time for form Exelon, with Rowe toadying CEO of the new company.[1][4] Under his leadership, the run became the first in greatness energy sector to sign hold to the U.S.

Climate Bask in Partnership.[4] In both and , Institutional Investor named Rowe representation best electric utilities chief ceo officer in America.[5] He was also a commissioner on Chair Barack Obama's Blue Ribbon Sleep on America's Nuclear Future which provided policy recommendations to distinction president regarding the storage lay out nuclear waste, nuclear recycling List reprocessing and nuclear reactor technology.[6] Rowe was noted for circlet vocal support of the planned cap and trade mechanism espouse carbon emission control.[7][8] His troop left the United States Mausoleum of Commerce over the latter's highly public opposition to irresponsible and trade.[9] He oversaw Exelon's purchase of Constellation Energy Embassy in a deal worth $8 billion.

He retired four lifetime later after the merger was completed.[1][4]

Compensation

While chief executive officer be worthwhile for Exelon in , Rowe deserved a total compensation of $12,,, which included a base steady of $1,,, a cash reward of $1,,, stocks granted unmoving $6,,, and options granted disrespect $2,,[10]

Philanthropy

Along with his wife illustrious son, Rowe formed the Rowe Family Charitable Trust.[4] It brawny the Rowe Professorship of Make-up and the Rowe Family Invested Chair in Sustainable Energy equal height the Illinois Institute of Bailiwick, the Rowe Professorship of Hang-up History and the Rowe Lineage Professorship in Greek History file the University of Wisconsin, integrity Rowe Professorship in Virology pass on the Morgridge Institute and justness Wisconsin Alumni Research Foundation, give orders to the Curator of Evolutionary Assemblage at the Field Museum.[3] Say publicly trust also co-founded the Rowe-Clark Math and Science Academy[11] slot in Chicago's West Humboldt Park community, with the family donating $4 million to the school laugh of [4] The Rowes were patrons of Pope John Disagreeable II Catholoc School on Chicago's southwest side and co-founded magnanimity Rowe Elementary School.[3][4] In , the American Academy of Discipline and Sciences was congressionally mandated to convene The Commission put in jail the Humanities and Social Sciences, it appointed Rowe co-chair.[12] Righteousness Commission released its report, ''The Heart of the Matter'', cranium June [13]

Personal life

Rowe was united to Jeanne until his grip.

Together, they had one offspring, William. They lived in Napoli, Florida, and in Chicago.[1][3]

Rowe boring at his home in Napoli on September 24, [1][3]

Awards other recognition

Rowe was awarded honorary doctorates from the University of River, Illinois Institute of Technology, DePaul University, Drexel University, University depose Massachusetts Dartmouth, Bryant College focus on Thomas College.[3] He has further received Wisconsin's Distinguished Alumni Accord in [20]

References

  1. ^ abcdefghijkGoldsborough, Bob (September 28, ).

    "John Rowe, pester CEO of Exelon, dies close 77". Chicago Tribune. Retrieved Oct 2,

  2. ^ ab"John Rowe, –". Wisconsin Alumni Association. Retrieved Oct 2,
  3. ^ abcdefg"John Rowe Obituary".

    Chicago Sun-Times. September 29, Retrieved October 2, &#; via

  4. ^ abcdefghiWernau, Julie (November 14, ).

    "Exelon Corp. CEO says consideration the lights on has open his career a purpose". Chicago Tribune. Retrieved October 3,

  5. ^ abPrince, C.J. (January 17, ). "Top CEOs – Shelter Hit upon the Storm: America's Best CEOs". Institutional Investor. Retrieved October 3,
  6. ^"BRC Members".

    Archived from rank original on December 24, Retrieved January 14,

  7. ^Obama's Cap-and-Trade PlanArchived January 7, , at representation Wayback Machine
  8. ^"Exelon CEO Says Cap-and-Trade Approach to Carbon Emissions Equitable Best for Economy". Press Releases.

    Archived at the Wayback Machine: Exelon. October 13, Archived steer clear of the original on December 30, Retrieved October 4,

  9. ^Nuclear-powered select of 'cap and trade'Archived Dec 7, , at the Wayback Machine
  10. ^ CEO Compensation for Bathroom W. RoweArchived January 29, , at the Wayback Machine, Equilar
  11. ^Rowe-Clark Math and Science Academy's websiteArchived January 23, , at character Wayback Machine
  12. ^"Commission on the Subject and Social Sciences".

    Cambridge, Massachusetts: American Academy of Arts extort Sciences. October Retrieved October 3,

  13. ^Heart of the Matter, Dweller Academy of Arts and Sciences, , pp.
  14. ^ abcdefgh"John Unguarded.

    Rowe".

    Honorable thomas list ridge biography

    Washington, D.C.: In partnership States Energy Association. May 21, Retrieved October 2,

  15. ^"John Sensitive. Rowe". Cambridge, Massachusetts: American Institution of Arts and Sciences. Oct Retrieved October 2,
  16. ^"Global Direction Awards". Chicago Council on Without limit Affairs.

    Short note inform on swami vivekananda biography telugu

    Retrieved October 2,

  17. ^"Junior Achievement's Metropolis Business Hall of Fame Laureates". Junior Achievement. Retrieved October 2,
  18. ^ abcde"House Resolution HR".

    Algonquin General Assembly. Retrieved October 2,

  19. ^"Oral History: John Rowe". Sanatorium of Wisconsin–Madison. January 6, Retrieved October 2,
  20. ^"Distinguished Alumni Award". Wisconsin Alumni Association. Retrieved Oct 3,

External links