Exelon Chairman Rowe to Head IIT Board of Trustees
John W. Rowe, chairman, president and chief executive officer of Exelon Corporation was elected yesterday as chairman of the board of trustees at Illinois Institute of Technology (IIT). Rowe, whose tenure begins November 9, will replace outgoing Chairman Robert Pritzker. Pritzker, an IIT alumnus, will remain active at IIT serving as Chairman of the Board of the Pritzker Institute for Biomedical Science and Engineering and the IIT Policy Committee. The university also announced that Craig Duchossois, CEO Duchossois Industries, Inc., has been named Chairman of the Executive Committee and David Vitale, chief administrative officer Chicago Public Schools, will continue as vice chairman.
"I want to express my deep appreciation to Bob Pritzker for his leadership and dedication that sparked the phenomenal growth of IIT over the last decade," said President Lew Collens. "I am looking forward to working with John Rowe to maintain IIT’s leadership role in higher education."
"As the leader of a company that employs hundreds of IIT graduates, I appreciate the contribution of IIT to our community," said Rowe. "I especially look forward to helping IIT make the benefits of education in engineering, science and architecture available to our diverse region."
Rowe has a long and distinguished history of successfully managing power companies as CEO of Central Maine Power, New England Electric System and Unicom Corporation prior to the formation of Exelon. He worked with the Chicago law firm of Isham, Lincoln & Beale from 1970-1980, where he became a partner in 1978 and served as counsel to the Trustees of the Chicago, Milwaukee, St. Paul & Pacific Railroad Company. He is a member of several boards, including Sunoco; The Northern Trust Corporation; The Art Institute of Chicago; The Chicago Club; The Chicago History Museum; The Field Museum; Wicell: The Wisconsin Alumni Research Foundation; and IIT’s Mies van der Rohe Society
Exelon is one of the nation's largest electric utilities, with 5.2 million customers and revenues of more than $15 billion. Fortune ranked Exelon as the number one utility company on its 2005 and 2006 lists of "America’s Most Admired Companies" and Forbes ranked Exelon as the number one utility company in the United States on its 2005 list of "The Best Managed Companies in America."
Founded in 1890, IIT is a Ph.D.-granting technological university awarding degrees in the sciences, mathematics and engineering, as well as architecture, psychology, design, business and law. IIT’s interprofessional, technology-focused curriculum prepares the university’s 6,200 students for leadership roles in an increasingly complex and culturally diverse global workplace.
