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Jim Epsilantis Named General Manager of B&W’s Palm Beach Resource Recovery Corporation
February 8, 2018
February 08, 2018WEST PALM BEACH, Fla. – Babcock & Wilcox (B&W) recently announced Jim Epsilantis has been named general manager of the company’s Palm Beach Resource Recovery Corporation (PBRRC) subsidiary, which provides operations and maintenance services for two B&W-built waste-to-energy plants in West Palm Beach, Fla.Jim brings more than 29 years of experience in the power and energy industry with over 17 years specifically working in the waste-to-energy industry. Most recently, he was plant manager with Wheelabrator Technologies, where he was responsible for operations, maintenance, e...
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Babcock & Wilcox Initiates Executive Transition
February 1, 2018
CHARLOTTE, N.C.
Babcock & Wilcox Enterprises, Inc. (B&W) (NYSE:BW) announced today that it has appointed Leslie C. Kass to serve as Chief Executive Officer and a member of the Company’s Board of Directors, effective immediately. Jim Ferland will work closely with Ms. Kass, the management team and the Board in the role of Executive Chairman until he steps down from the Board on June 30, 2018 per his current employment agreement.
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Babcock & Wilcox Enterprises, Inc. (B&W) (NYSE:BW) announced today that it has appointed Leslie C. Kass to serve as Chief Executive Officer and a member of the Company’s Board of Directors, effective immediately. Jim Ferland will work closely with Ms. Kass, the management team and the Board in the role of Executive Chairman until he steps down from the Board on June 30, 2018 per his current employment agreement.
B&W SPIG to Provide Cooling System Services at Petrochemical Plant in Belgium
January 31, 2018
January 31, 2018ARONA, Italy - Babcock & Wilcox SPIG (B&W SPIG), a subsidiary of Babcock & Wilcox Enterprises, Inc., has been awarded a contract to provide cooling tower upgrade services for Total Olefins Antwerp NV (TOA).B&W SPIG will develop solutions to improve the performance of an existing cooling tower at Total’s Olefins plant in Antwerp, Belgium. Using proven service engineering capability, B&W SPIG customized an outcome-based solution fulfilling client’s needs.“Tailoring similar revamping and upgrading solutions is important to our customers in the oil and gas industry, particula...
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B&W Appoints Three New Independent Directors - Enters Agreement with Vintage Capital Management, LLC, B&W’s Largest Shareholder
January 4, 2018
(CHARLOTTE, N.C. – January 3, 2018) – Babcock & Wilcox Enterprises, Inc. (B&W) (NYSE:BW) announced today that it has appointed Brian R. Kahn, Henry E. Bartoli and Matthew E. Avril to the Company’s Board of Directors. Mr. Kahn is the founder and managing partner of Vintage Capital Management, which owns 14.9% of the Company’s common shares. Mr. Bartoli is an established executive with over 35 years of experience in the global power industry; Mr. Avril has over 35 years of financial and operational experience in private and public companies.
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Koen W. Bogers Named Managing Director of B&W Vølund
December 7, 2017
(ESBJERG, DENMARK – December 7, 2017) – Babcock & Wilcox Enterprises, Inc. (B&W) announced today that Koen W. Bogers has been named Managing Director of its Denmark-based Renewable energy subsidiary, Babcock & Wilcox Vølund (B&W Vølund).
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Babcock & Wilcox Announces Third Quarter 2017 Results
November 8, 2017
U.K. Renewable new-build projects continue to advance. Cost-savings actions targeting $45 million in annual savings underway. Evaluating strategic alternatives for MEGTEC and Universal.
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Babcock & Wilcox to Webcast Discussion of Its Third Quarter 2017 Results
October 26, 2017
CHARLOTTE, N.C.--(BUSINESS WIRE)-- Babcock & Wilcox Enterprises, Inc. (NYSE:BW) (the “Company”) expects to webcast a discussion of its third quarter 2017 results on Wednesday, November 8, 2017 at 5:00 p.m. ET.
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B&W Provides Update on U.K. Renewable Projects
September 27, 2017
(CHARLOTTE, N.C. – September 27, 2017) – Babcock & Wilcox Enterprises, Inc. (B&W) (NYSE:BW) reported that it has identified a structural steel issue at a renewable energy project in the United Kingdom. Management believes that the issue is the result of an engineering error by a subcontractor, and work has been stopped at the project pending further investigation. Additionally, while the issue has not manifested itself in other projects, the company has proactively stopped work at two renewable projects in the United Kingdom that have similar engineering designs.
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Babcock & Wilcox Announces Second Quarter 2017 Results
August 9, 2017
New Renewable execution model introduced in Europe; reports charge on ongoing Renewable projects Solid gross margin performance in Power Cross selling and end-market improvements drive strong Industrial bookings New financing arrangements in place; second-lien term loan and bank credit agreement amendment
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B&W to Expand Industrial Segment, Makes Executive Appointment
May 23, 2017
(CHARLOTTE, N.C. – May 23, 2017) – Babcock & Wilcox Enterprises, Inc. (NYSE:BW) (B&W) today announced that effective July 1, 2017, its Industrial Steam Generation group will transition from the Power segment to the Industrial segment. In addition, effective immediately, Leslie Kass has been named Senior Vice President, Industrial, to lead the segment.
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Babcock & Wilcox Announces First Quarter 2017 Results
May 9, 2017
- Power segment in line with expectations; gross margin performance remains solid- Strong Industrial bookings led by B&W SPIG's U.S. awards- Renewable segment on target- Maintaining 2017 adjusted EPS guidance
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B&W SPIG Awarded Contracts Totaling $60 Million in First Quarter of 2017
April 27, 2017
CHARLOTTE, N.C.--(BUSINESS WIRE)-- Babcock & Wilcox Enterprises, Inc. (B&W) (NYSE:BW), announced today that its subsidiary, Babcock & Wilcox SPIG, Inc. (B&W SPIG), was awarded three major contracts totaling more than $60 million in the first quarter of 2017 to design and supply dry cooling systems for U.S. customers.
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