Interviewee: Mayo Shattuck
Interviewer: Becky Quick
Date: October 15, 2009

Mayo Shattuck is the CEO of Constellation Energy, a Baltimore-based energy corporation that is one of the country’s leading energy suppliers. Mayo Shattuck earned his Bachelor of Arts degree from Williams College and his Masters in Business Administration degree from Stanford University, graduating as an Arjay Miller Scholar.

Mayo Shattuck’s first major career position was at Alex.Brown & Sons at its San Francisco office, where he arranged funding for various high-tech clients and public offerings for companies as Microsoft and America Online. By 1991 he became president and chief operating officer at Alex.Brown.

In 1997, Alex.Brown helped facilitate the company’s sale to Bankers Trust for $1.7 billion. Bankers Trust in turn was acquired by Deutsche Bank, where Mayo Shattuck served as Chairman of the Board of Deutsche Bank Alex. Brown.

Mayo Shattuck moved on from Deutsche Bank to become the President and CEO of Constellation Energy Group, and was elected Chairman of the Board in July 2002.

In addition to his duties at Constellation Energy, Mayo Shattuck serves as a Director of Gap Inc. and is Chairman of its Audit and Finance Committee and is a Director of Capital One Financial Corporation and is Chairman of its Compensation Committee. Mayo Shattuck is a member of the board of the Edison Electric Institute (EEI), the Nuclear Energy Institute (NEI), and is Vice Chairman of the Board of the Institute of Nuclear Power Operations (INPO). He is a member of the Board of Trustees of Johns Hopkins Medicine and Chairman of the Board of Visitors of the University of Maryland Baltimore County.

In his interview with Betty Quick, Mayo Shattuck talked extensively about nuclear energy. Mayo Shattuck stresses that the United States must use more nuclear energy and create more standardized nuclear plants. He anticipates the construction of future nuclear plants, though he acknowledges there are many hurdles. Mayo Shattuck also has suggestions to lower power bills, such as running appliances at night. He also gives his opinion about the cap and trade legislation and climate change.

Mayo Shattuck is married to Molly Shattuck and has three children. Molly Shattuck is noted for being the oldest cheerleader in the National Football League, making the Baltimore Ravens squad at the age of 38.