Alissa Tabirian
NS&D Monitor
6/12/2015

The split of Babcock & Wilcox into two separate companies will go into effect July 1, B&W announced this week. The split will result in the creation of BWX Technologies, which will consist of B&W’s nuclear operations, technical services, nuclear energy, and mPower businesses; and Babcock & Wilcox, which will consist of B&W’s power generation business unit.

At BWXT, John Fees will hold the position of Executive Chairman of the company’s Board of Directors, and Peyton Baker will be Chief Executive Officer. BWXT’s Board will also include Robert Goldman, Robb LeMasters, Charles Pryor, Jan Bertsch, Admiral Richard Mies, and Robert Nardelli. At Babcock and Wilcox, B&W’s James Ferland will transition to become the new company’s Chairman and Chief Executive Officer, joined by several of B&W’s current board members with the addition of Cynthia Dubin and Anne Pramaggiore on the Board of Directors.

In a statement this week, B&W spokeswoman Aimee Mills said, “Our technical services business unit and its capabilities will continue to be a very important aspect of BWXT’s overall business going forward. Our business development team remains engaged on a number of opportunities with the U.S. government, in the private sector and abroad.” Asked about how the spin-off might affect operations at National Nuclear Security Administration sites, Mills said, “No changes are anticipated in regard to operations or management of any DOE or NNSA sites where the Company has a presence. All commitments, obligations and relationships will remain unchanged.”