BWXT Appoints Jan A. Bertsch as New Chair of Board of Directors

Rhea-AI Summary

BWX Technologies, Inc. has appointed Jan A. Bertsch as the new chair of its board of directors, effective May 3, 2022. She succeeds John A. Fees, who is retiring from the position. Bertsch, an independent director since 2013, previously chaired the audit and finance committee and has extensive executive experience, including roles at Owens-Illinois and Sigma-Aldrich. CEO Rex Geveden expressed confidence in Bertsch's leadership capabilities, citing her long-term engagement with the company.

Positive

• Jan A. Bertsch brings extensive executive experience and familiarity with BWXT, enhancing leadership continuity.
• Bertsch's prior roles in finance may strengthen the company's financial oversight and strategic direction.

Negative

• Transition to new leadership may raise concerns about continuity during the changeover.

LYNCHBURG, Va.--(BUSINESS WIRE)-- BWX Technologies, Inc. (NYSE: BWXT) announced today that Jan A. Bertsch has been elected as its new chair of the board of directors, effective May 3, 2022, succeeding retiring board chairman John A. Fees.

Bertsch has served as an independent director of BWXT since 2013, and she was most recently the chair of its audit and finance committee and a member of the compensation committee. She also serves on the board of directors of Meritor and its audit and governance committees, as well as the board of directors of Regal Rexnord and its audit and compensation committees.

“We are extremely fortunate to have someone of Jan’s caliber assume this important leadership position for our company,” said Rex Geveden, BWXT’s president and chief executive officer. “Jan’s tenure on our board goes back to before the spinoff of our power generation business in 2015, and her deep engagement on our board makes her an ideal fit for this new role.”

In Bertsch’s distinguished career, she served as the chief financial officer and senior vice president of Owens-Illinois and executive vice president and chief financial officer of Sigma-Aldrich. Earlier she worked in executive positions of increasing responsibility at BorgWarner, Chrysler, Visteon and Ford.

About BWXT

At BWX Technologies, Inc. (NYSE: BWXT), we are People Strong, Innovation Driven. Headquartered in Lynchburg, Virginia, BWXT is a Fortune 1000 and Defense News Top 100 manufacturing and engineering innovator that provides safe and effective nuclear solutions for global security, clean energy, environmental remediation, nuclear medicine and space exploration. With approximately 6,600 employees, BWXT has 12 major operating sites in the U.S. and Canada. In addition, BWXT joint ventures provide management and operations at more than a dozen U.S. Department of Energy and NASA facilities. Follow us on Twitter at @BWXT and learn more at www.bwxt.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220503005209/en/

Media Contact

Jud Simmons

Director, Media & Public Relations

434.522.6462 hjsimmons@bwxt.com

Investor Contact

Mark Kratz

Vice President, Investor Relations

980.365.4300 investors@bwxt.com

Source: BWX Technologies, Inc.

FAQ

Who is the new chair of BWXT's board of directors?

Jan A. Bertsch has been elected as the new chair of BWXT's board, effective May 3, 2022.

What is Jan A. Bertsch's background?

Bertsch has served as an independent director at BWXT since 2013 and held executive positions at Owens-Illinois and Sigma-Aldrich.

What position did Jan A. Bertsch succeed at BWXT?

She succeeded retiring chairman John A. Fees.

Why is Jan A. Bertsch considered a good fit for the chairman role?

Her extensive experience and deep engagement with BWXT since before its spinoff in 2015 make her an ideal fit.

When did Jan A. Bertsch start her role as chair?

Jan A. Bertsch started her role as chair on May 3, 2022.