Constellation Energy Group appoints new CFO, general counsel
Constellation Energy Group unveiled Tuesday changes in its top management, a month after the Baltimore energy giant agreed to acquired in a $4.7 billion deal.
Jonathan Thayer will become the chief financial officer, replacing John R. Collins, who stepped down from the post, Constellation said. Charles A. Berardesco, 50, will become the new general counsel for Constellation and replace Irving Yoskowitz.
Iowa-based MidAmerican Energy Holdings Co., a subsidiary of billionaire Warren Buffett’s Berkshire Hathaway Inc. (NYSE: BRK.A., BRK.B), said Sept. 18 it would acquire Constellation (NYSE: CEG).
Thayer, 37, had served as the vice president and managing director for corporate strategy and development for Constellation. He was appointed treasurer in August.
Collins, 51, will take an advisory role on the Constellation and MidAmerican merger and will also remain as chairman of the board of directors for Constellation Energy Partners LLC, an affiliate of Constellation Energy Group that’s developing and acquiring oil and natural gas properties savings account payday advance.
Collins was appointed chief financial officer of Constellation in May 2007.
Berardesco had served as vice president, deputy general counsel, chief compliance officer and corporate secretary for Constellation. Yoskowitz, who joined Constellation as general counsel in 2005, will retire.
The proposed union between Constellation and MidAmerican could take nearly a year to close and would need the approval of federal and state regulators and shareholders.
Constellation filed its application for the merger with the Federal Energy Regulatory Commission Oct. 15 and filed its application with the Maryland Public Service Commission Oct. 17. The PSC plans to hold a pre-hearing conference on the merger filing Nov. 3.