B&W Announces Retirement of Nuclear Energy President Mike Lees; Names Joseph
A. Zwetolitz Successor
CHARLOTTE, N.C. -- January 29, 2013
The Babcock & Wilcox Company (B&W) (NYSE: BWC) announced today that Babcock &
Wilcox Nuclear Energy, Inc. (B&W NE) President Michael D. Lees will retire at
the end of March. Joseph A. Zwetolitz is named President, B&W NE, and will
assume this role in mid-February while Mr. Lees will provide advisory services
and support for this leadership transition.
In a career with B&W spanning more than three decades, Mr. Lees served in a
variety of engineering, project management and executive leadership roles. He
oversaw the establishment and growth of the B&W NE organization, which serves
the global commercial nuclear power industry with a broad portfolio of reactor
components, nuclear design engineering, plant construction, inspection
services and nuclear plant maintenance services. Since 2007, Mr. Lees has also
served as President, Babcock & Wilcox Canada Ltd.
“I look fondly on my tenure at B&W and I am confident in the positive
direction of B&W NE under the leadership of my successor, Mr. Zwetolitz,” Mr.
Lees said. “This is a critical time in the global nuclear power business and
B&W NE is well-positioned to continue its growth.”
“I’d like to extend my gratitude to Mike for many years of outstanding
leadership and wish him well in his retirement,” said E. James Ferland, Chief
Executive Officer, B&W. “He’s ably and expertly guided B&W NE on a successful
trajectory, which we will continue to follow for years to come.”
“I’m also excited to welcome Joe to B&W,” Mr. Ferland said. “His extensive
knowledge and experience in the commercial nuclear power industry will be
essential as we look to grow our business in North America and around the
Mr. Zwetolitz brings with him more than 27 years of experience in commercial
nuclear power, most recently serving as President, Americas Region,
Westinghouse Electric Co.
From 2001 to 2011, Mr. Zwetolitz worked for Areva, Inc. in senior level
positions including nuclear services and fuel. Prior to that, he held various
positions of increasing responsibility with Framatome ANP, Inc. and with Tyco
Mr. Zwetolitz earned a master of business administration from Lynchburg
College, and a bachelor of science degree in mechanical engineering from Penn
Headquartered in Charlotte, N.C., The Babcock & Wilcox Company is a leader in
clean energy technology and services, primarily for the nuclear, fossil and
renewable power markets, as well as a premier advanced technology and mission
critical defense contractor. B&W has locations worldwide and employs
approximately 12,700 people, in addition to approximately 10,400 joint venture
employees. Learn more at www.babcock.com.
The Babcock & Wilcox Company
Ryan Cornell, Public Relations Specialist, 330-860-1345
The Babcock & Wilcox Company
Jenny Apker, Vice President, Treasurer and Investor Relations, 704-625-4937
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