Joseph M. Rigby

Joseph M. Rigby is Chairman of the Board, President and Chief Executive Officer of Pepco Holdings, Inc. (PHI), a regional energy holding company that provides utility service to about 2 million customers. PHI is the parent company of Potomac Electric Power Company, an electric utility serving Washington, D.C., and suburban Maryland; Delmarva Power, an electric and gas utility serving Delaware and the rest of the Delmarva Peninsula; and Atlantic City Electric, an electric utility serving southern New Jersey. Rigby joined Atlantic City Electric in 1979 and advanced through a number of management positions. His responsibilities have included accounting, financial services, treasury operations, business transformation, human resources, and the Atlantic City Electric/Delmarva Power merger transition team. Following the merger that formed Conectiv, he was Vice President/General Manager of Gas Delivery, then Vice President/General Manager of Electric Delivery. He was elected President, Conectiv Power Delivery in 2002. From May 2004 to September 2007, he served as Senior Vice President and Chief Financial Officer of PHI and was responsible for all financial activity as well as investor relations. From September 2007 to March 2008, Rigby served as Executive Vice President and Chief Operating Officer. He was responsible for the day-to-day operations of Pepco, Delmarva Power and Atlantic City Electric Company, along with Information Technology and Corporate Communications. In March 2008, Rigby was elected President and Chief Operating Officer, adding responsibility for the competitive energy businesses (Conectiv Energy and Pepco Energy Services). Rigby was elected President and Chief Executive Officer effective March 1, 2009. He was elected Chairman of the Board on May 15, 2009. Rigby earned a bachelor of science degree in accounting from Rutgers University and an MBA from Monmouth University. He is also a licensed Certified Public Accountant in the state of New Jersey. Rigby is chairman of the United Way of the National Capital Area and chairman of the Greater Washington Board of Trade. He serves on the boards of the U.S. Chamber of Commerce, the Edison Electric Institute, the Federal City Council, the Greater Washington Initiative, and the Economic Club of Washington. He is a member of the Rutgers-Camden School of Business Executive Advisory Board. Rigby is a member of the New Jersey Society of CPAs and the American Institute of CPAs.