John Bohn nominated to CPUC

After then-Public Utilities Commission nominee Steve Poizner decided to run for Insurance Commissioner, Governor Schwarzenegger has decided to name John Bohn in his stead:

Gov. Arnold Schwarzenegger named another businessman to the California Public Utilities Commission, after his original nominee in December had to withdraw from consideration because of a potential conflict of interest.

John Bohn, who has served as chairman of the global financial advising and consulting firm GlobalNet Venture Partners since 2001, will fill the vacancy on the state's powerful regulatory commission, which sets electricity rates and oversees the telecommunications industry. Bohn's term will expire in 2011.

Bohn, 67, was previously the co-founder and executive chairman of Chematch -- now Chemconnect -- an Internet-based petrochemical trading exchange, from 1997 to 2000. He also served for seven years as president and chief executive officer of Moody's Investors Service, where his tenure began in 1989.

In 1981, he was appointed special assistant to U.S. Treasury Secretary Don Regan and subsequently named U.S. ambassador and executive director of the Asian Development Bank.