Daniel Poneman Selected as Centrus President and CEO
05 Março 2015 - 7:00PM
Business Wire
- Former deputy secretary of energy
has decades of leadership in nuclear power
- Poneman joins Centrus at pivotal
moment to lead effort to move the Company forward
- Sees key role for the American
Centrifuge technology in providing a domestic source of uranium
enrichment for national security and energy security
Centrus Energy Corp. (NYSE:LEU) announced that Daniel B. Poneman
has been selected by its Board of Directors as president and chief
executive officer of the Company. The former deputy secretary of
energy will join Centrus immediately and will become the chief
executive later this month. Poneman will also be a member of the
board.
Poneman is internationally recognized for his leadership over
many years in support of U.S. energy policy, including efforts to
assure the safe use of nuclear power as part of a low-carbon energy
strategy while combatting the proliferation of nuclear weapons and
related materials and technologies. Prior to last October, Poneman,
58, was the longest serving deputy secretary at the Department of
Energy (DOE), where he also served as chief operating officer. His
responsibilities spanned the full range of US energy policy,
including the President’s “all-of-the-above” strategy to develop
the Nation’s energy potential, including improved efficiency and
demand management as well as nuclear, hydrocarbon, and renewable
energy sources. His responsibilities also included emergency
response -in cases ranging from Fukushima to Hurricane Sandy-
resilience, project management and cyber security.
As announced in October 2014, the Centrus board initiated a
comprehensive executive search to identify and select a successor
to John K. Welch, who stepped down as president and chief executive
officer at that time. John R. Castellano has served as interim
president and CEO during the search.
“We are delighted to have a leader with Dan’s experience and
vision joining Centrus at this pivotal point for our Company and
the nuclear power industry,” said Mikel H. Williams, chairman of
the Centrus Board of Directors. “His exceptional experience across
a range of energy and national security disciplines will be a
significant asset to our Company. Dan has the international
experience to further develop Centrus’ business as dozens of new
power reactors currently under construction around the world come
online.”
Williams and the board thanked Castellano for his service to
Centrus for the past 18 months, first as chief restructuring
officer and then as interim CEO. Castellano will remain with the
Company through the effective date for Poneman to facilitate a
seamless transition of leadership responsibilities.
“I appreciate the board’s confidence and I’m honored to have the
opportunity to lead Centrus. I am excited about working with the
board and management team to rebuild Centrus as an industry leader
that continues its record of delivering nuclear fuel on-time and
in-spec to our utility customers,” Poneman said. “I believe the
American Centrifuge technology can play a vital role in meeting
America’s national security and non-proliferation goals, while
preserving the option of commercial deployment when industry demand
for nuclear fuel improves later this decade.”
Poneman previously served as a White House Fellow and director
of defense policy and arms control for the National Security
Council. From 1993 through 1996, Poneman was special assistant to
the President and senior director for nonproliferation and export
controls at the National Security Council. He was confirmed by the
Senate as deputy secretary of energy in May 2009. Prior to assuming
his responsibilities as deputy secretary, he served as a principal
of the Scowcroft Group for eight years, providing strategic advice
to corporations in a variety of strategic industries. Earlier in
his career, he practiced law in Washington, DC, advising clients on
regulatory and policy matters. Poneman received A.B. and J.D.
degrees with honors from Harvard University and an M.Litt. in
Politics from Oxford University.
Centrus Energy Corp. is a trusted supplier of enriched uranium
fuel for a growing fleet of international and domestic commercial
nuclear power plants. Centrus is working to deploy the American
Centrifuge technology for commercial needs and to support U.S.
energy and national security.
Forward-Looking Statements:
This press release contains "forward-looking statements" within
the meaning of Section 21E of the Securities Exchange Act of 1934 -
that is, statements related to future events. In this context,
forward-looking statements may address our expected future business
and financial performance, and often contain words such as
“expects”, "anticipates", "intends", "plans", "believes", "will",
"should", "could" or "may" and other words of similar meaning.
Forward-looking statements by their nature address matters that
are, to different degrees, uncertain. For Centrus Energy Corp.,
particular risks and uncertainties that could cause our actual
future results to differ materially from those expressed in our
forward-looking statements include risks related to the ongoing
transition of our business, and other risks and uncertainties
discussed in our filings with the Securities and Exchange
Commission, including our Annual Report on Form 10-K and quarterly
reports on Form 10-Q, which are available on our website
www.centrusenergy.com. We do not undertake to update our
forward-looking statements except as required by law.
Centrus Energy Corp.Media:Jeremy Derryberry,
301-564-3392orInvestors:Steven Wingfield, 301-564-3354
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