Weapons Complex Monitor Vol. 30 No. 29
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Weapons Complex Monitor
Article 11 of 13
July 19, 2019

Centrus Energy CFO Departs Company

By Dan Leone

Marian Davis has resigned as chief financial officer of uranium fuel broker and enrichment technology company Centrus Energy Corp., according to a regulatory filing.

Davis submitted her letter of resignation June 7 and was expected to leave the company after it filed its 10-Q report on quarterly earnings for the period ended June 30, according to an 8-K filing with the U.S. Securities and Exchange Commission.

A Centrus spokesperson did reply to a request for comment about Davis’ resignation. The company had not filed its second-quarter 10-Q form with the SEC at deadline.

The subject of Davis’ job did not come up on the company’s first-quarter earnings call on May 9. Davis herself participated on the call.

Davis had been senior vice president, chief financial officer, and treasurer of Centrus since April 2018, according to her LinkedIn profile. Her role involved managing the company’s financial operations, encompassing accounting, strategic planning, procurements, and investor relations.

She joined the company in 2011 as vice president and chief audit executive, responsible for internal auditing, according to the company bio that was still online at Centrus’ website on Thursday.

Prior to joining Centrus, Davis was senior vice president, corporate internal audit, for Sunrise Senior Living, of McLean, Va., an operator of assisted-living facilities for the elderly. 

Centrus is the former United States Enrichment Corp., which after a Chapter 11 bankruptcy completed in 2014 reinvented itself from a refiner of uranium fuel into a uranium fuel broker and a developer of domestic uranium enrichment technology.

The U.S. Department of Energy is finalizing a three-year, $115 million contract for Centrus to produce 19.75-percent enriched uranium fuel called high-assay low-enriched uranium. Centrus in late May received a letter contract to start the work, which involves building a 16-machine enrichment cascade using the company’s AC-100M technology at DOE’s Portsmouth Site in Piketon, Ohio.

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