CPUC Vacancy Filled by Global Banker

By Published On: March 25, 2011

Mark Ferron, former chief operating officer for Deutsche Bank’s Global Markets Division, joined the California Public Utilities Commission March 24. Gov. Jerry Brown announced he appointed Ferron, a relative unknown in the energy industry, to the post two days earlier. “Safe, affordable reliable and sustainable utility services,” are his goals, Ferron said at his first CPUC meeting March 24. He pledged that he would work towards a “path breaking” 33 percent renewable energy standard. He added, “I recognize some think I am a bit of a dark horse, but I promise to be a work horse for the people of California.” This is Brown’s third appointment to the CPUC this year, the previous ones being commissioners Mike Florio and Catherine Sandoval. Ferron and his wife each contributed $25,900 to Brown’s gubernatorial campaign last year, according to state data. Before joining Deutsche Bank in 1996, Ferron was a vice president at Salomon Brothers and Bank of America. Ferron holds a master’s degree in economics from Stanford University.

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