Industry leaders bring decades of experience
and expertise to support company’s long-term plans
Centrus Energy Corp. (NYSE MKT: LEU) announced today that Kevin
Alldred will be appointed as senior vice president, business
strategy and Elmer Dyke as senior vice president, business
operations. Alldred and Dyke’s appointments will be effective on
October 1 and September 1, respectively.
“As we work to refocus our business and meet our customers’
needs, I am delighted to welcome these seasoned veterans to the
team,” said Daniel B. Poneman, Centrus president and chief
executive officer. “With our vision of making Centrus a trusted and
reliable nuclear fuel and services provider in the coming years,
their intimate knowledge of the industry and the market will make
them a valuable addition to our management team.”
Mr. Alldred will lead the company’s effort in strategic business
planning and the development of new business and market
opportunities designed to advance Centrus shareholders’ interests
through project development, contractual arrangements, and
strategic business alliances. He will be responsible for
identifying and expanding business opportunities beyond the LEU
business segment in commercial and governmental markets, in order
to satisfy Centrus customers’ requirements.
“Centrus and its predecessors have played a pivotal role in
nuclear energy and national security for decades,” said Alldred.
“Collectively the team has centuries of experience that can be
leveraged to grow the company with new partners and in new lines of
business. I look forward to leading that effort in the years to
come as we continue to support critical missions here in the United
States and in markets around the world.”
Mr. Dyke will be responsible for all aspects of the company’s
Low Enriched Uranium (LEU) business. This includes the sourcing,
sales, and delivery of LEU and uranium to customers in the United
States and around the world.
“I believe Centrus is in a good position to support our
customers’ needs,” said Dyke. “With our solid track record of
on-time and on-spec deliveries, and a new focus on putting the
customer first, we have a great opportunity to assure that the
nuclear fuel market remains diverse, reliable, and competitively
priced.”
Background on Alldred
Mr. Alldred has more than 30 years of nuclear industry
experience in senior roles focused on international project and
program management, nuclear fuel trading, isotope trading, sales
and marketing, and radioactive waste management. He has also
provided consulting support to governments and commercial
organizations, including training in strategic and financial
planning and analyses.
Most recently, Mr. Alldred worked for the International Atomic
Energy Agency (IAEA), where he was project manager for the IAEA LEU
Bank in Kazakhstan. Mr. Alldred established the project team and
project and financial plans, and negotiated treaty level agreements
for the LEU bank and supporting technical agreements.
Prior to his work with the IAEA, Mr. Alldred advised governments
and private corporations on nuclear fuel and reactor issues. He
previously worked for RWE Nukem, launching their U.S. isotope
trading business, and before that he held various management
positions at British Nuclear Fuels Ltd in both a sales and project
management capacity.
Background on Dyke
Mr. Dyke has 30 years of experience and leadership in the
nuclear industry focusing on the nuclear fuel cycle and nuclear
nonproliferation issues. He has consulted for the U.S. Department
of Energy (DOE), the National Nuclear Security Administration and
other U.S. government organizations, including several U.S.
National Laboratories and numerous international agencies.
Mr. Dyke most recently served as vice president for sales at NAC
International, where he drove the company’s business development
and international sales efforts. He also served as senior vice
president of NAC’s global consulting business, where he led a group
of internationally recognized experts on the comprehensive nuclear
fuel cycle, management and strategy, nuclear fuel performance,
training, financial and strategic analysis, nuclear quality
assurance, safeguards and security, and nuclear industry human
resource development.
Previously, Mr. Dyke led Booz Allen Hamilton's business practice
on nuclear nonproliferation and nuclear security, working closely
with the U.S. Department of Homeland Security, DOE as well as the
U.S. nuclear industry on a wide spectrum of energy and security
consulting projects.
About Centrus Energy Corp.
Centrus Energy Corp. is a trusted supplier of enriched uranium
fuel for commercial nuclear power plants in the United States and
around the world.
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.
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version on businesswire.com: http://www.businesswire.com/news/home/20150825006278/en/
Centrus Energy Corp.Media:Jeremy Derryberry,
301-564-3392orInvestors:Don Hatcher, 301-564-3460
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