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.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.