BG&E may be naming next chief

July 17, 1992|By Ross Hetrick | Ross Hetrick,Staff Writer

If past practice is any guide, Baltimore Gas and Electric Co.'s board of directors might name its new chairman and chief executive officer today, about 5 1/2 months before the post becomes vacant.

The favored candidate is Christian H. Poindexter, 53, the vice chairman.

George V. McGowan, the current chairman and chief executive, announced at the company's annual meeting April 15 that he would be retiring at the end of the year. His appointment to the position was announced July 17, 1987, five months before he assumed the position at the beginning of 1988.

Similarly, the board announced at its meeting in June 1979 that Bernard C. Trueschler would take the company's helm on Jan. 1, 1980.

BG&E spokesman Arthur J. Slusark confirmed that the company's board of directors was scheduled to meet today, as it does the third Friday of each month.

Since Mr. McGowan's announcement in April, Mr. Poindexter has been seen as the most likely person to take the top position. He has been vice chairman of the board since 1989 and before that he was president and chief executive officer of Constellation Holdings Inc., BG&E's non-regulated subsidiary.

Mr. Poindexter joined BG&E in 1967 after seven years in the Navy, where he held the rank of lieutenant. He was a pilot and qualified for the service's nuclear program. He holds a master's degree in business administration in finance from Loyola College and a bachelor's degree in engineering from the Naval Academy.

His brother, John Poindexter, was national security adviser in the Reagan administration.

Mr. McGowan, 64, joined the company in 1951 after earning a bachelor's degree in mechanical engineering at the University of Maryland.

He has spent his entire career at BG&E, except for 1961 and 1962, when he served as a major in the Army.

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