Constellation Energy Names Robert J. Gauch Jr. Vice President, Credit Workout
BALTIMORE, Sep 08, 2009 (BUSINESS WIRE) -- Constellation Energy (NYSE:CEG) today announced the appointment of Robert (Bob) J. Gauch Jr. as vice president, credit workout, effective today. In this newly created position, Gauch will be responsible for developing and implementing workout strategies for troubled or defaulted wholesale counterparties and retail customers. He reports to Brenda Boultwood, senior vice president and chief risk officer, Constellation Energy.
"We're pleased to welcome Bob to Constellation Energy," said Boultwood. "He is an extremely talented credit and workout professional. We will benefit greatly from his significant experience in credit, risk management and workouts, as well as his strong analytical and strategic thinking skills."
Most recently, Gauch served as director, head of remedial management and senior credit officer, risk management, at Citibank. In this role, he was responsible for all aspects of commercial remedial management for Citibank in North America. Gauch joined Citigroup in 2000 as senior vice president and senior credit officer, with responsibilities primarily as a workout transaction manager. Prior to running the remedial management group, he held several risk management positions with increasing responsibility at Citibank and Citigroup, including workout and distressed transaction management for the commercial products group and managing risk for a growing middle market banking portfolio. Early in his career, he gained experience in credit, troubled assets and special situations in positions with Hakkaido Takushoku Bank and Bank of New York, where he completed his formal credit training program.
Gauch graduated from Babson College in Wellesley, Mass., with a bachelor's degree in finance. He also earned his post-graduate certification in real estate from New York University.
About Constellation Energy
Constellation Energy (www.constellation.com) is a leading supplier of energy products and services to wholesale and retail electric and natural gas customers. It owns a diversified fleet of generating units located throughout the United States, totaling more than 9,100 megawatts of generating capacity, and is among the leaders pursuing the development of new nuclear plants in the United States. The company delivers electricity and natural gas through the Baltimore Gas and Electric Company (BGE), its regulated utility in Central Maryland. A FORTUNE 500 company headquartered in Baltimore, Constellation Energy had revenues of $19.8 billion in 2008.
SOURCE: Constellation Energy
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