BETHESDA, Md., Sept. 30, 2019 /PRNewswire/ -- Centrus
Energy Corp. (NYSE American: LEU) announced today that
Philip O. Strawbridge has been
appointed Senior Vice President, Chief Financial Officer, Chief
Administrative Officer, and Treasurer of the company effective
today.
"With extensive C-suite experience in a variety of roles in the
nuclear industry, Philip will be an enormous asset as we continue
our work to grow our business and create value for our
shareholders," said Centrus President and Chief Executive Officer
Daniel B. Poneman.
Mr. Strawbridge is an action-oriented executive with extensive
experience in the nuclear, environmental, technology and service
industries. From 2010 to 2013, he served as an executive adviser at
Court Square Capital. Mr. Strawbridge served in various
executive positions including Chief Financial Officer at
EnergySolutions, a nuclear services and technology company, from
2006 to 2010. He was Chief Executive Officer and Chief
Operating Officer of BNG America, which provided nuclear waste
management services and technology to U.S. Government and
commercial clients, from 1999 until BNG America was acquired by
EnergySolutions in early 2006.
From 1996 to 1999, Mr. Strawbridge was Chief Financial Officer
of OHM/IT Corporation, a publicly-traded environmental and nuclear
remediation firm. He also worked in several executive roles
at the Fluor Corporation from 1986 to 1995.
Early in his career, Mr. Strawbridge held various executive
positions within the United States General Services Administration.
He began his career as a United States Marine and received
his Juris Doctor and BS in Finance from the University of Missouri.
About Centrus Energy
Centrus is a trusted supplier of nuclear fuel and services for
the nuclear power industry. Centrus provides value to its utility
customers through the reliability and diversity of its supply
sources – helping them meet the growing need for clean, affordable,
carbon-free electricity. Since 1998, the Company has provided its
utility customers with more than 1,750 reactor years of fuel, which
is equivalent to 7 billion tons of coal.
With world-class technical capabilities, Centrus offers turnkey
engineering and advanced manufacturing solutions to its customers.
The Company is also advancing the next generation of centrifuge
technologies so that America can restore its domestic uranium
enrichment capability in the future. Find out more at
www.centrusenergy.com.
Forward-Looking Statements
This press release contains "forward-looking statements" within
the meaning of Section 21E of the Securities Exchange Act of 1934 -
that is, statements related to future events. In this context,
forward-looking statements may address our expected future business
and financial performance, and often contain words such as
"expects", "anticipates", "intends", "plans", "believes", "will",
"should", "could", "would" or "may" and other words of similar
meaning. Forward-looking statements by their nature address matters
that are, to different degrees, uncertain. For Centrus Energy
Corp., particular risks and uncertainties that could cause our
actual future results to differ materially from those expressed in
our forward-looking statements include: risks related to our
significant long-term liabilities; potential strategic
transactions, which could be difficult to implement, disrupt our
business or change our business profile significantly; the
competitive environment for our products and services; changes in
the nuclear energy industry; the impact of financial market
conditions on our business, liquidity, prospects, pension assets
and insurance facilities; risks related to the identification of a
material weakness in our internal controls over financial
reporting; the risks of revenue and operating results fluctuating
significantly from quarter to quarter, and in some cases, year to
year; and other risks and uncertainties discussed in this and our
other filings with the Securities and Exchange Commission,
including under Part 1. Item1A - "Risk Factors" in our Annual
Report on Form 10-K for the year ended December 31, 2018 and quarterly reports on Form
10-Q.
CONTACT
Dan Leistikow
(301) 564-3399
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SOURCE Centrus Energy Corp.