Joseph M. Rigby, Senior Executive with Energy Holding Company Pepco Holdings Inc., Inducted into Rutgers Board of Governors

Joseph M. Rigby, Senior Executive with Energy Holding Company Pepco Holdings Inc., Inducted into Rutgers Board of Governors

NEW BRUNSWICK, N.J. – Joseph M. Rigby, chair, president and chief executive officer of Pepco Holdings Inc. (PHI), a regional energy holding company that provides utility service to about 2 million customers, was inducted into Rutgers Board of Governors at today’s meeting.

He joins the board as a public governor appointed by New Jersey Gov. Chris Christie and confirmed by the state Senate. His term runs through 2021.

Rigby graduated from the Rutgers University-Camden College of Arts and Sciences in 1979 with a bachelor’s degree in accounting and is a member of the school’s executive advisory board. He was inducted to the Rutgers Hall of Distinguished Alumni in 2013.

Joseph M. Rigby
Joseph M. Rigby
Photo: Rick M Giammaria
Rigby joined PHI subsidiary Atlantic City Electric, which serves southern New Jersey, in 1979 and advanced through management positions in the PHI family of companies. These include Potomac Electric Power Co. (Pepco), serving Washington, D.C., and suburban Maryland; and Delmarva Power, an electric and gas utility serving Delaware and the rest of the Delmarva Peninsula. His responsibilities 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 a new company, Conectiv, he held several executive positions and was elected president of 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 and investor relations.

Rigby next served as executive vice president and chief operating officer of PHI, where his responsibilities included day-to-day operations of the utility companies, along with information technology and corporate communications.

In March 2008, Rigby was elected PHI’s president and chief operating officer, adding responsibility for the holding company’s competitive energy businesses, Conectiv Energy and Pepco Energy Services. He was elected president, CEO and chair in 2009.

“Mr. Rigby has achieved impressive accomplishments in the utilities industry, and the breadth of his business expertise will serve the Board of Governors and the entire Rutgers community well,” said university President Robert Barchi.

Rigby, who lives in Elkton, Md., is immediate past chair of the United Way of the National Capital Area. He is a member of the senior council of the Greater Washington Board of Trade and served as its chair. He also 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.

A licensed certified public accountant in New Jersey with an MBA from Monmouth University, Rigby is a member of the New Jersey Society of CPAs and the American Institute of CPAs.