Michael Wallace, Joins CSIS as Senior Advisor
July 19, 2011
WASHINGTON, July 19, 2011– The Center for Strategic & International Studies (CSIS) is pleased to announce Michael Wallace, the former Vice Chairman and COO of Constellation Energy and former Chairman of the Constellation Energy Nuclear Group, has joined CSIS as a Senior Advisor.
“We are proud to have Mike join the Center,” said CSIS President and CEO John J. Hamre. “The nuclear power industry is witnessing a profound transformation, impacted by the tragic events in Japan. The world is witnessing a huge expansion of commercial nuclear power construction. Unlike previous waves of investment, this current pattern is international in nature, with competing global teams selling on an international basis. America’s leadership in the commercial nuclear industry is now in question. Mike’s unique skills will help CSIS take a leading role in shaping the debate in this crucial sector.”
Mr. Wallace comes to CSIS from the Constellation Energy, where he served as Vice Chairman and COO. Over his nine years at Constellation Energy, he led many company business activities, including the formation and operation of two joint ventures with EDF related to nuclear energy. Prior to joining Constellation Energy, Mr. Wallace was managing director of Barrington Energy Partners, LLC, a strategic consulting firm specializing in energy industry transactions and advisory services. He co-founded the firm in 1998 and has advised energy company executives on mergers and acquisitions, transaction financing, and market and investment opportunities.
Before joining Barrington Energy, Mr. Wallace had more than 25 years of senior executive and utility operations experience. From 1993 to 1999, he was senior vice president with Unicom/ComEd of Illinois, a $7 billion utility serving 3.4 million customers. He was also ComEd's chief nuclear officer, responsible for the operation of the company’s 12 nuclear generating units at six power plant sites.
Mr. Wallace began with Unicom/ComEd in 1974 as a principal engineer, managing various responsibilities associated with the design, procurement and construction of power plants. He became plant manager in 1979, then executive and manager in 1982, and vice president in 1990. In his tenure he had responsibility for the completion of the Braidwood and Byron Nuclear Stations of Commonwealth Edison.
Mr. Wallace has a Bachelor of Science degree in electrical engineering from Marquette University and a Master of Business Administration degree from the University of Chicago, with a specialization in finance. He also served as a naval officer in the U.S. Navy nuclear submarine force.
He is a member of the National Infrastructure Advisory Council (NIAC) which advises the President on matters related to homeland security and a member of the Nuclear Sector Coordinating Council under the Department of Homeland Security’s National Infrastructure Protection Plan. He is a member of Business Executives for National Security (BENS), the Naval Historical Foundation Advisory Council, and the Marquette University, College of Engineering’s National Advisory Council. He is active in a variety of boards and organizations, including those associated with Boy Scouts of America, Big Shoulders Fund of Chicago and Catholic Charities of Maryland.
Mr. Wallace is married to Victoria Lynn Wallace and resides in Annapolis, Md. He has two married children and four grandchildren.
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The Center for Strategic and International Studies (CSIS) is a bipartisan, non-profit organization that seeks to advance global security and prosperity by providing strategic insights and practical policy solutions to decision-makers.