B&W to expand Industrial segment; makes executive appointment

On July 1, 2017, Charlotte, NC-based Babcock & Wilcox Enterprises, Inc. transferred its Industrial Steam Generation group from the Power segment to the Industrial segment. In addition, Leslie Kass was named SVP, Industrial, to lead the segment.

The expanded Industrial segment will include the company’s B&W MEGTEC subsidiary based in DePere, WI, its B&W SPIG subsidiary based in Arona, Italy, its B&W Universal subsidiary based in Stoughton, WI and the Industrial Steam Generation group, which will continue to be based in Barberton, OH.

B&W’s Industrial segment provides custom-engineered technologies for cooling, environmental, noise abatement and industrial steam generation applications, as well as related aftermarket services. With the addition of the Industrial Steam Generation group, which had 2016 revenue of over $100 million, the Industrial segment will be B&W’s second-largest, with annual revenue of about $550 million.

Said E. James Ferland, B&W chairman and CEO, “Integrating our Industrial Steam Generation group into our Industrial segment will also increase efficiency in our business development efforts and promote more effective cross-selling of related products and services in the industries we serve.”

Kass has extensive engineering, operational and site-level leadership experience with a number of utilities, along with a strong background in working with the financial community, shareholders and potential investors in both the utility and government sectors.

Most recently, she served as VP of retrofits and continuous emissions monitoring for B&W’s Power segment. Before that, she held positions as VP, investor relations & communications, and as VP of Regulatory Affairs. Before joining B&W, Kass held engineering and project management-related positions with Westinghouse, Entergy and Duke Energy.

Babcock & Wilcox Enterprises, Inc., www.babcock.com

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