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GSE Announces the Appointment of Thomas J. Dougherty to the Board of Directors

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GSE Systems, Inc. (GVP) has appointed Thomas J. Dougherty as an independent director, effective immediately. With over 40 years of experience in nuclear power operations, Dougherty aims to enhance GSE's focus on the nuclear industry's critical needs amid ongoing decarbonization initiatives. He previously held senior roles at Exelon Corporation and has significant expertise in optimizing plant operations. GSE's President, Kyle Loudermilk, expressed confidence that Dougherty's insights will add value during this transformative period for the company.

Positive
  • Appointment of Thomas J. Dougherty brings over 40 years of relevant nuclear industry experience.
  • Dougherty's expertise is expected to aid GSE's focus on nuclear industry's evolving needs.
  • Leadership experience from Exelon Corporation may strengthen strategic decisions at GSE.
Negative
  • Concerns about potential experience gaps as the board adapts to a new member.

COLUMBIA, Md., March 1, 2022 /PRNewswire/ -- GSE Systems, Inc. ("GSE Solutions" or "GSE") (Nasdaq: GVP), a leader in advanced engineering and workforce solutions that support the future of clean energy production and overall decarbonization initiatives of the power industry, today announced it has appointed Mr. Thomas J. Dougherty to its Board of Directors, as an independent director, effective immediately. Mr. Dougherty has more than 40 years of experience in plant operations, management, and support of nuclear power plants, including his service in the United States Navy Nuclear Submarine program.

"We are excited to welcome Tom as a new independent director to the GSE board. Tom's expertise will help ensure that GSE focuses on the critical needs of the nuclear industry during this exciting time of innovation and transitioning the grid to be carbon free. As the nuclear industry continues to invest in itself through extending the operational lifetime and produce more power from the existing fleet, Tom's deep expertise will offer tremendous insight and counsel to the board and add significant value to the company. We are thrilled to have Tom as part of the team," said Kyle Loudermilk, President and CEO, GSE Solutions.

Mr. Thomas J. Dougherty, commented, "I am very pleased to join the board of directors of GSE. I've become familiar with GSE's services and technology and recognize the company's track record of working with leading utility operators, some of which I have been personally involved with. The company's software offerings are also of great value to the industry, especially when operators are seeking to make efficiency improvements to make sure their assets are at peak optimization and producing as much power as possible in a safe and reliable manner. I'm looking forward to leveraging my experience and knowledge of the nuclear power industry and contributing to make an immediate impact."

Mr. Dougherty currently serves as the Nuclear Safety Review Board (NSRB) Chairperson at several Exelon Sites, and as a Subcommittee Chair for NSRBs at Southern Company and Energy Northwest. Mr. Dougherty retired from the Exelon Corporation in 2019 as the Senior Vice President for Mid-Atlantic Operations.  He held that position since 2015 and was responsible for the oversight of Exelon's Mid-Atlantic nuclear sites: Limerick, Peach Bottom, Three Mile Island, and Oyster Creek.  His responsibilities also included coordination of the permanent shutdown and transition to decommissioning at Oyster Creek and TMI. He held leadership positions in Operations, Outage Management, Work Control, Project Management, Nuclear Oversight, and Training.  In addition to his Senior VP role, Tom held executive positions within Exelon as: Site VP at the Limerick Generating Station, Site VP at the Peach Bottom Atomic Power Station, and Plant Manager at Three Mile Island Unit 1.  He also recently led Exelon Nuclear's Talent & Leadership Development Business Imperative, as well as their fleetwide Nuclear Fuel Reliability initiative.  Tom has been influential in industry programs throughout his career, including mentoring the Reactor Technology for Industry Executives course conducted at the Massachusetts Institute of Technology, and mentoring leadership courses at the Institute of Nuclear Power Operations.

Mr. Dougherty received his bachelor's degree in Engineering from Widener University and obtained a Senior Reactor Operator's License and Simulator Instructor Certification at Limerick.  He also completed the Senior Nuclear Plant Management Course conducted by INPO's National Academy for Nuclear Training. 

ABOUT GSE SOLUTIONS
We are the future of operational excellence in the power industry. As a collective group, GSE Solutions leverages top skills, expertise, and technology to provide highly specialized solutions that allow customers to achieve the performance they imagine. Our experts deliver and support end-to-end training, engineering, compliance, simulation, and workforce solutions that help the power industry reduce risk and optimize plant operations. GSE is proven, with over four decades of experience, more than 1,100 installations, and hundreds of customers in over 50 countries spanning the globe. www.gses.com

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SOURCE GSE Systems, Inc.

FAQ

Who is Thomas J. Dougherty and what is his role at GSE Systems?

Thomas J. Dougherty is the newly appointed independent director at GSE Systems, bringing over 40 years of experience in nuclear power operations.

When was Thomas J. Dougherty appointed to the Board of Directors of GSE Systems?

Thomas J. Dougherty was appointed on March 1, 2022.

What impact is expected from Dougherty's appointment on GSE Systems (GVP)?

Dougherty's extensive experience in nuclear operations is expected to provide valuable insights and enhance GSE's focus on the nuclear industry's needs.

What previous positions has Thomas J. Dougherty held before joining GSE Systems?

Dougherty held senior leadership roles at Exelon Corporation, including Senior Vice President for Mid-Atlantic Operations.

What initiatives will GSE Systems pursue with Dougherty on their board?

GSE Systems aims to focus on optimizing plant operations and supporting the nuclear industry's transition to carbon-free energy.

GSE Systems, Inc.

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