September 15, 2011
Contact: Sara Wurfel
P: 517-335-6397
E: wurfels@michigan.gov
LANSING, Mich. - Gov. Rick Snyder today appointed John D. Quackenbush to serve as chair of the three-member Michigan Public Service Commission.
The commission provides regulatory oversight of Michigan's utilities and works to ensure communities have safe and reliable energy, telecommunication and transportation services at reasonable prices.
"John Quackenbush's extensive experience in the financial services industry will play an important role as the commission continues to work with energy providers and consumers to provide efficient and quality services to Michigan citizens," Snyder said.
Quackenbush, of New Buffalo, has worked for UBS Global Asset Management for 10 years, most recently as a managing director and senior investment analyst responsible for equity research of the transportation, utilities and coal industries in the U.S. and Canada. He previously worked as manager of the Sprint Corporation Treasury Department and Sprint Corporation Local Telecom Division. Before that, he served in several senior financial analyst roles with the Illinois Commerce Commission.
Quackenbush was named a Top Gun U.S. Industrials Investment Mind in 2011 by Brendan Wood International. He obtained certification as a Chartered Financial Analyst (CFA) in 1993 and is a member of the CFA Institute and CFA Society of Chicago. He previously served as a board member of the Society of Utility and Regulatory Financial Analysts.
Quackenbush earned a bachelor's degree in business economics from Calvin College and a master's degree in finance from Michigan State University.
Quackenbush will serve a six-year term expiring July 2, 2017, and replaces Monica Martinez. Current chairman Orjiakor Isiogu will continue to serve on the commission as a member. Quackenbush is slated to join the commission on Oct. 17, 2011. He will represent Republicans; no more than two members of the commission may be from the same political party. The appointment is subject to the advice and consent of the Senate.
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