John M. Derrick Jr.

John M. Derrick Jr.John M. Derrick Jr. is the retired chairman of the board of Pepco Holdings, Inc. He served the electric utility industry for more than 40 years, having joined the company in 1961 and then subsequently having been appointed vice president of customer services (1981), executive vice president and chief operating officer (1989), president (1992), chief executive officer (1997), and chairman (1999).

He is past chairman of the United States Energy Association and is a member of numerous professional organizations, including the Institute of Electrical and Electronic Engineers and the National Society of Professional Engineers.

Mr. Derrick is a recognized civic leader who is equally committed to business communities in the region. He chaired the Greater Washington Initiative and the Greater Washington Board of Trade. In 2003, the Board of Trade named him Leader of the Years. In addition, Mr. Derrick has chaired the Maryland Chamber of Commerce and the Metropolitan YMCA and Junior Achievement of the National Capital Area. He was president of the Washington Building Congress and was an active member of the Federal City Council and the Economic Club of Washington.

In addition to University of Maryland University College, Mr. Derrick has served as a member of the boards of Wesley Theological Seminary, the University of Maryland Foundation, the Maryland/D.C. Nature Conservancy, Arena Stage (past chairman), and the Washington Real Estate Investment Trust.

Mr. Derrick earned his bachelor's degree in electrical engineering from Duke University in 1961 and has done graduate work in engineering administration at The George Washington University. He is a licensed professional engineer.