Thad Hill

President & CEO, Calpine

To me, the idea of Tuck as an all-around business school, versus a marketing or finance specialty, was very exciting.

As the president and CEO of Calpine, a Fortune 500 power generator and retailer, Thad Hill T’95 is doing exactly what he envisioned when he came to Tuck in 1993. But for a person in his position, he describes his introduction to the business world rather modestly. “I got to Tuck and was more or less off the turnip truck,” he says. “I’m not sure I knew the difference between debt and equity.”

Hill, who hails from Athens, Georgia, is downplaying his background just a bit. He graduated from Vanderbilt University with a B.A. in math and political science, magna cum laude, and then worked for Andersen Consulting. He came to Tuck to round out his liberal arts education with business training in general management. “To me, the idea of Tuck as an all-around business school, versus a marketing or finance specialty, was very exciting,” he recalls.

He also chose Tuck because, having lived in Chicago and Buenos Aires after college, he was ready to experience a small town setting with plenty of outdoor recreation. He skied a lot during his first year (the epic winter of ’93-’94) and ended up riding the chairlift at the Dartmouth Skiway next to his finance professor, Kenneth French, the day before his final exam. “I got off that chairlift and went home and made sure I was ready for the next day,” he said, “because at that point my cover was blown.”

An understanding of finance is just one of the many skills Hill learned at Tuck and uses today. Calpine is the largest natural-gas-fired electricity generator in the U.S., and it sells this power to commercial, industrial, and residential customers in 20 states. That means the company must deal with a range of business issues, from heavy industry operations to advertising, marketing, and customer service. Hill divides his time among four central areas: operational decision-making and personnel; customer relations; regulators and the government; and investor relations.

Even with all those responsibilities, Hill still manages to stay involved with Tuck. He serves on the MBA Advisory Board and has guest-lectured in the Energy Economics course taught by professor Erin Mansur. “That has been great fun,” he says.

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