Westinghouse Electric Names Chairman Shigenori Shiga Interim President, CEO

4/3/2012 4:19 PM ET

Westinghouse Electric Company announced that it had accepted the resignation of Jim Ferland, previously announced as incoming president and chief executive officer. The company also said that its Chairman of the Board Shigenori Shiga would assume the role of president and CEO on an interim basis, effective immediately.

Shiga, a seasoned nuclear professional with more than 30 years of experience, was appointed as the Board's chairman in 2010, and previously served as Toshiba's chief coordination officer since it acquired Westinghouse in 2006. Current Chief Operating Officer Ricardo Perez will maintain his current duties and assist Mr. Shiga during the search for a new president and CEO.

by RTT Staff Writer

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