Mr. Jones brings more than five decades of energy and power finance experience, including as Vice Chairman of Investment Banking at Morgan Stanley
Further bolsters board strength ahead of Terrestrial Energy’s anticipated transition to a publicly listed advanced nuclear technology company later this year
Terrestrial Energy Inc., (Terrestrial Energy) a developer of small modular nuclear power plants using advanced reactor technology, today announced the appointment of Robert Jones to the Board of Directors, effective May 19, 2025.
“It is a great pleasure to welcome in Rob Jones, an exceptional industry leader, to Terrestrial Energy’s Board of Directors,” said Simon Irish, CEO and Director of Terrestrial Energy. “Rob brings first class global leadership experience in the financial industry and the energy sector, which is invaluable to the company as we scale our business. We look forward to leveraging his extensive expertise as we move to a public company and beyond.”
Mr. Jones joined Morgan Stanley in 1974, initially serving in various roles before specializing in the power and energy sector in 1978. He led the firm’s Global Power and Utility Group from 1990 to 1997 and was appointed Vice Chairman of Investment Banking in 1997. From 1998 to 1999, he served as worldwide head of the Corporate Finance Department and later acted as a senior banker to a broad range of corporate clients. He was a Senior Advisor to Morgan Stanley from 2009 until his retirement in 2024.
Mr. Jones was elected to the Board of Directors of Progress Energy Corporation in May 2007, serving until its merger with Duke Energy in July 2012. During his tenure, he chaired the Finance Committee and was a member of the Executive and Organization & Compensation Committees. In 2013, he joined the Board of Directors of BATS Global Markets Inc., chairing the Compensation Committee until its acquisition by the Chicago Board Options Exchange in 2017. He also served on the Advisory Council of the Electric Power Research Institute (EPRI) beginning in 2013 and joined its Board in 2015, retiring in 2019. Mr. Jones currently sits on the Advisory Board of Energy Capital Ventures.
Mr. Jones is a graduate of the Lawrenceville School and received a B.A. from Colgate University in 1972, where he later served as a Trustee and is now Trustee Emeritus. He earned his M.B.A. from Harvard Business School in 1974. Mr. Jones currently serves as Chairman of the Board of The Howard and Georgeanna Jones Foundation for Reproductive Medicine. He was formerly Vice Chairman of the James Beard Foundation and served on the Board of the Robert Toigo Foundation.
“I am honored to join the Board of Directors of Terrestrial Energy at such a pivotal time in the company’s growth,” said Jones. “Terrestrial Energy’s innovative advanced nuclear technology positions the company strongly to benefit from energy demand growth for scalable, cost-competitive, clean firm supply. I look forward to working with the Board and management team to support the company’s strategic goals, commercial deployment pipeline and its transition to the public markets.”
Discover the latest trends and insights—explore the Business Insights Journal for up-to-date strategies and industry breakthroughs!
