Constellation Announces Changes to Board of Directors

Rhea-AI Summary

Constellation (Nasdaq: CEG), the nation's largest producer of emissions-free energy, announced changes to its board of directors. Peter Oppenheimer and Eileen Paterson will join the board effective December 16, 2024, while Laurie Brlas will retire on December 31.

Oppenheimer, currently serving on Goldman Sachs' board and former Apple CFO (2004-2014), brings significant financial expertise. Paterson, former CEO of Aerojet Rocketdyne and U.S. Army veteran, serves on boards of Marathon Petroleum and Woodward, Inc., contributing operational and leadership experience.

Brlas concludes her tenure after providing 16 years of financial leadership experience and chairing Constellation's Audit & Risk Committee since its inception following the 2022 spinoff.

Positive

• Addition of Peter Oppenheimer brings valuable financial expertise from his tenure as Apple CFO during significant growth period
• Eileen Paterson brings diverse operational experience from aerospace, defense, and energy sectors
• Strengthened board expertise in financial oversight and operational management

Negative

• Loss of experienced board member Laurie Brlas who served as Audit & Risk Committee chair since company inception

Oppenheimer and Paterson bring financial, operational expertise and tech insights as Brlas retires with legacy of successful leadership

BALTIMORE--(BUSINESS WIRE)-- Constellation (Nasdaq: CEG), the nation’s largest producer of reliable, emissions-free energy, announced today the appointment of Peter Oppenheimer and Eileen Paterson to the Constellation board of directors, while Laurie Brlas, a long-time independent director, will retire from the company’s board effective Dec. 31. Oppenheimer and Paterson will join the board effective December 16, 2024.

“Peter and Eileen bring a combination of strong financial acuity, operational experience and business leadership expertise that will help guide Constellation through this exciting period of growth and innovation,” said Robert J. Lawless, chairman, Constellation. “We are also deeply grateful to Laurie for her many years of service to the board, including her strategic and financial insight and guidance, which were instrumental in Constellation’s performance since its successful spinoff in 2022. Constellation’s board and management team greatly appreciate and value her many contributions, professionalism and expertise.”

Oppenheimer has served on the board of directors at Goldman Sachs since 2014 and chairs its Audit Committee. He also is the chairman of the Goldman Sachs Bank USA subsidiary board. He previously served as the chief financial officer of Apple from 2004 to 2014. During his leadership at Apple, the company experienced significant growth and profitability while also launching some of the most groundbreaking technology products in recent history, including the iPhone and iPad. Prior to his role at Apple, Oppenheimer was the divisional chief financial officer at ADP, the payment processing company, and a consultant for Coopers & Lybrand, which later became PricewaterhouseCoopers.

Former CEO of aerospace and defense manufacturer Aerojet Rocketdyne, Paterson serves on the board of the integrated downstream energy company Marathon Petroleum Corporation, where she is on the Sustainability and Public Policy Committee and Compensation and Organization Development Committee. She also serves on the board of the manufacturer, and service provider of control systems and control system components Woodward, Inc, where she serves as the chair of the Nominating and Governance Committee and is a member of the Human Capital and Compensation Committee. Prior to Aerojet Rocketdyne, Paterson served as president of Pratt & Whitney AeroPower’s auxiliary power unit and small turbojet propulsion business within United Technologies Corporation. She also held leadership roles at Ford Motor Company and Visteon Corporation. Paterson is a U.S. Army veteran and served as an active‐duty U.S. Army aviator.

Brlas has brought valuable financial and leadership experience, along with a diverse perspective, to Constellation’s board through her 16 years of experience as a chief financial officer at global, capital-intensive companies. She also chaired Constellation’s Audit & Risk Committee since its inception, helping to establish governance as well as oversight of financial performance and emerging risk.

For more information on Constellation’s board of directors, please visit constellationenergy.com.

About Constellation

A Fortune 200 company headquartered in Baltimore, Constellation Energy Corporation (Nasdaq: CEG) is the nation’s largest producer of clean, emissions-free energy and a leading supplier of energy products and services to businesses, homes, community aggregations and public sector customers across the continental United States, including three fourths of Fortune 100 companies. With annual output that is nearly 90% carbon-free, our hydro, wind and solar facilities paired with the nation’s largest nuclear fleet have the generating capacity to power the equivalent of 16 million homes, providing about 10% of the nation’s clean energy. We are further accelerating the nation’s transition to a carbon-free future by helping our customers reach their sustainability goals, setting our own ambitious goal of achieving 100% carbon-free generation by 2040, and by investing in promising emerging technologies to eliminate carbon emissions across all sectors of the economy. Follow Constellation on LinkedIn and X.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241212276671/en/

Dave Snyder

Constellation Communications

667-218-7700

david.snyder@constellation.com

Source: Constellation

FAQ

When will Peter Oppenheimer and Eileen Paterson join Constellation's (CEG) board?

Peter Oppenheimer and Eileen Paterson will join Constellation's board effective December 16, 2024.

When is Laurie Brlas retiring from Constellation's (CEG) board?

Laurie Brlas will retire from Constellation's board effective December 31.

What experience does Peter Oppenheimer bring to Constellation's (CEG) board?

Peter Oppenheimer brings financial expertise as former Apple CFO (2004-2014), current Goldman Sachs board member, and chairman of Goldman Sachs Bank USA subsidiary board.

What is Eileen Paterson's background before joining Constellation's (CEG) board?

Eileen Paterson is former CEO of Aerojet Rocketdyne, serves on Marathon Petroleum and Woodward boards, and is a U.S. Army veteran with experience at Pratt & Whitney, Ford, and Visteon.

How long has Laurie Brlas served on Constellation's (CEG) board?

Laurie Brlas has served since Constellation's spinoff in 2022, bringing 16 years of CFO experience and chairing the Audit & Risk Committee since inception.