Press Releases

George E. Dials named executive vice president, B&W Technical Services Group, Inc.

LYNCHBURG, Va., February 5, 2008 Babcock & Wilcox Technical Services Group, Inc. (B&W TSG) is pleased to announce the appointment of George E. Dials to executive vice president, effective immediately. In this position, Mr. Dials is responsible for developing and operating business initiatives in the nuclear fuel cycle, executing targeted acquisitions for B&W TSG, assisting with the implementation of strategic initiatives for the operating group and assisting The Babcock & Wilcox Company in examining various business opportunities and strategies. Mr. Dials most recently served as president and chief executive officer, Y-12 National Security Complex in Oak Ridge, Tenn., where he was responsible for the facility's management and operations. Mr. Dials will remain in Oak Ridge where he will conduct business from the B&W TSG corporate office.

"We are pleased to have George serve in this leadership role for the company. He brings to this position the necessary combination of experience and familiarity with our customer base," said S. Robert Cochran, President of B&W TSG. "While at Y-12, George led the facility to achieve record levels of production. Likewise, in his new position, he will continue to be a vital asset for our group as we explore new opportunities to enhance our positioning in the industry."

"We are fortunate to be able to leverage George's leadership, vision and strategic thinking across a broader spectrum of our business operations," said John A. Fees, chief operating officer of The Babcock & Wilcox Company. "George successfully raised the bar of performance at the Y-12 National Security Complex, achieving notable accomplishments. We look forward to future milestones that George will undoubtedly reach as he undertakes his new responsibilities."

While at Y-12, Mr. Dials oversaw the construction of the site's Highly Enriched Uranium Materials Facility (HEUMF), which is currently on schedule for completion. He established a strong relationship with the Oak Ridge community and was committed to stewardship.

Mr. Dials has nearly 30 years of experience in the energy field, with more than 15 years dedicated to the nuclear industry. During his career, he oversaw M&O contractor design, engineering and scientific studies of the Yucca Mountain Project while with TRW Environmental Safety Systems Inc. As Manager of the DOE Carlsbad area office, he managed the Waste Isolation Pilot Plant project and the National Transuranic Waste Program.

Darrel P. Kohlhorst, senior vice president and chief operating officer for B&W Technical Services Y-12, will assume management responsibilities for the Y-12 National Security Complex, replacing Mr. Dials.

About B&W TSG

Babcock & Wilcox Technical Services Group, Inc., headquartered in Lynchburg, Va., provides management, operations and technical services to U.S. government clients, including high-consequence nuclear and national security operations. B&W TSG is an operating group of The Babcock & Wilcox Company, a wholly owned subsidiary of McDermott International, Inc. More information on B&W TSG is available at www.babcock.com.

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