FONT-SIZE Plus   Neg

Babcock & Wilcox Appoints James Ferland As President, CEO - Quick Facts

The Babcock & Wilcox Co. or B&W (BWC) said it has named James (Jim) Ferland as President and Chief Executive Officer, effective April 19, 2012. Ferland would succeed Brandon Bethards, who would step down as President and CEO of B&W, also on April 19, 2012. Bethards would retire from the company effective at the company's Annual Meeting of Stockholders, which is slated to be held on May 8, 2012, at which time he would also resign from the board.

To ensure a seamless transition, Bethards would remain an advisor to the company for 12 months following the 2012 Annual Meeting. Ferland has also been named to the B&W board, effective upon becoming President and CEO. Most recently, Ferland served as President of the Americas division at Westinghouse Electric Company, where he led the company's efforts to build customer relationships, develop business plans, capture new markets, and deliver projects and products in North and South America.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Apple confirmed that it has bought face animation software firm Faceshift, although it was tight lipped about how it intends to use the new addition. The move is speculated as a bid to expand into virtual reality. Environment ministry of South Korea Thursday ordered Volkswagen Korea to recall 125,522 diesel vehicles on determining actual emissions of nitrogen oxides. The ministry has asked the German automobile maker to pay a fine of 14.1 billion Won or $12.31 million. The company has to submit a recall plan by January 6, 2016. The U.S. Food and Drug Administration has alerted health care professionals and patients of a voluntary recall of compounded multivitamin capsules containing high amounts of Vitamin D3 (Cholecalciferol), distributed nationwide by Glades Drugs in Pahokee, Florida. FDA has received reports of several...
comments powered by Disqus
Follow RTT