Babcock & Wilcox News

Jimmy B. Morgan has been named Senior Vice President, Renewable. He will be responsible for B&W’s renewable energy business, including the company’s Denmark-based subsidiary, Babcock & Wilcox Vølund A/S. With more than 25 years of experience in the global energy industry, he has served in a number of senior leadership roles and has considerable large project management, operations and construction experience. In his new position, he will oversee completion of our key renewable project in the European Union. This project remains on track for commissioning in the first quarter of 2017, with piping currently 95 percent complete and electrical 85 percent complete.

D. Paul Scavuzzo has been named Senior Vice President and Chief Commercial Officer. In his new role, Mr. Scavuzzo will provide increased oversight and leadership as we continue to expand the company’s global supply chain management initiatives and optimize our global facility utilization. He will continue to oversee the company’s joint venture operations in China and India.

James J. Muckley has been named Senior Vice President, Operations. He will lead the company’s global project management, quality, and environmental, health, safety & security functions. He also will oversee the company’s global manufacturing operations and Babcock & Wilcox Construction Co., Inc.

Additionally, Wendy S. Radtke, Senior Vice President and Chief Human Resource Officer, has announced she will be leaving B&W at the end of December to assume a new role at another company. To ensure a smooth transition in this function, Benjamin H. Bash will join B&W for a period of six to 12 months to serve as interim Senior Vice President, Human Resources, while the company conducts a search for a permanent replacement for the position.

About B&W
Headquartered in Charlotte, N.C., Babcock & Wilcox is a global leader in energy and environmental technologies and services for the power and industrial markets. B&W companies employ approximately 5,700 people around the world. Follow us on Twitter@BabcockWilcox and learn more at www.babcock.com.

Forward-Looking Statements
B&W cautions that this release contains forward-looking statements, including statements relating to the timing and completion of a renewable project, and statements relating to supply chain initiatives and facility optimization. These forward-looking statements involve a number of risks and uncertainties, including, among other things, delays or other difficulties relating to project execution, the inability to complete projects on time and within budget, the inability to retain key personnel, the failure of subcontractors, labor disruptions, and disputes with customers or suppliers. If one or more of these or other risks materialize, actual results may vary materially from those expressed. For a more complete discussion of these and other risk factors, please see B&W's filings with the Securities and Exchange Commission, including our most recent annual report on Form 10-K and subsequent quarterly reports on Form 10-Q. B&W cautions not to place undue reliance on these forward-looking statements, which speak only as of the date this release, and undertakes no obligation to update or revise any forward-looking statement, except to the extent required by applicable law.