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Committee of Chief Risk Officers Elects Constellation Energy Exec As Its First Chairman:
03/30/2005

Washington, DC – The Committee of Chief Risk Officers (CCRO) has elected a new and expanded slate of Directors and its first Chairman of the Board who together will continue to focus the Committee's work on energy risk management best practices.

Joining Executive Director Bob Anderson and newly-elected Board Chairman John R. Collins, Senior Vice President and Chief Risk Officer of Baltimore-based Constellation Energy, on the CCRO Board are:

  • James C. Allison of Houston-based ConocoPhillips;

  • Robert Klein of Pacificorp/Scottish Power in Portland,Oregon/Glasgow, United Kingdom;

  • Robert McDonald of Exelon Corp. in Chicago;

  • Kirsten Peck of Vancouverbased Powerex;

  • Kenneth Robinson of El Paso in Houston;

  • Robert D. Stibolt of SUEZ Energy North America in Houston;

  • Andrew Sunderman of Williams in Tulsa, Oklahoma

  • Jeffrey L. Walker of Aces Power Marketing in Indianapolis, Indiana


    • John Collins brings a broad-based knowledge and experience in defining and assessing enterprise-wide business risks for Constellation Energy. In addition, John has been a key contributor in establishing the CCRO in 2002 and will be integral in leading the Board as the CCRO continues to develop risk management best practices for the energy industry, said Bob Anderson.

    The Board was expanded from 8 to 10 slots to reflect the broader base of companies involved in the CCRO and to provide an expanded governance structure.

    Two chief risk officers who have worked with Collins since 2002 on CCRO issues chose not to stand for re-election: PSEG's Laurie Brooks and American Electric Power's Scott Smith.

    The CCRO is grateful for the insights, contributions and dedication that both Laurie Brooks and Scott Smith provided in making the CCRO a successful organization. We look forward to their continued involvement, Collins said.

    Below are biographical sketches of each of the CCRO Board members:
  • James Allison is the risk manager for ConocoPhillips' natural gas and power commercial activities in North America.

  • Robert Klein has oversight responsibility for risk measurement and risk management for all Group energy activities, as well as for the Group credit risk management and Group Insurance functions at Pacificorp/Scottish Power.

  • Robert McDonald is a Senior Vice President of Exelon Corp. and its Chief Risk Officer.

  • Kirsten Peck is Powerex's Risk Manager where she advises the company's risk management committees on practical and technical issues related to complying with established risk policies and improving the management of corporate risk.

  • Kenneth Robinson is responsible for Enterprise Risk Management at El Paso focusing on assessing and measuring enterprise-wide risks to ensure that risks are aligned with strategic objectives and risk tolerance.

  • Andrew Sunderman has served as vice president and chief risk officer of Williams since July of 2003. He is also the chief financial officer of Williams Power.

  • Robert D. Stibolt is responsible for SUEZ Energy North America's Strategy and Portfolio Management Groups. He has more than twenty years experience in the energy industry with capabilities ranging from international oil and gas exploration to development of merchant power and wholesale energy marketing.

  • Jeffrey L. Walker has responsibility for ACES Power Marketing's 'middle office', which includes the management of quantitative analysis, trading control, credit risk management, contract administration and corporate development.


    • For more information, please contact Chris Schirm at either chris.schirm@ccro.org or 202-452-9504.

    The CCRO is a diverse, international coalition of about 30 energy companies developing best practices to strengthen and standardize risk management and financial management practices in the physical and financial trading and marketing of electricity and natural gas for investors, regulators, financial institutions and other energy companies. Compliance with CCRO's best practice recommendations by its members is voluntary. More information is available at www.ccro.org or can be obtained by emailing the CCRO at info@ccro.org.
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