BWXT Announces McCoy, MacQuarrie to Lead Newly Organized Reporting Segments
February 22 2022 - 4:30PM
Business Wire
BWX Technologies, Inc. (NYSE: BWXT) announced today that it has
streamlined its reporting segment structure to better reflect its
operations and position the company for improved efficiency and
strategic growth. Starting with the first quarter of 2022, BWXT
will report as two operating segments called Government Operations
and Commercial Operations. The company has named Kevin M. McCoy
president of the Government Operations segment, and John R.
MacQuarrie president of the Commercial Operations segment.
McCoy is an experienced leader in shipyard and nuclear
industrial operations. He retired with the rank of Vice Admiral
from the U.S. Navy after a 36-year career. He commanded the Naval
Sea Systems (NAVSEA), the U.S. Navy’s largest of five systems
commands, with 60,000 military and civilian personnel and
responsibility for 25% of the Navy’s budget. He also served as
chief engineer of the U.S. Navy, served as Commander of the
Portsmouth Naval Shipyard, and held a variety of roles for the
Naval Nuclear Propulsion Program, among other assignments. Prior to
joining BWXT, from 2013 to 2021 McCoy was president of Irving
Shipbuilding Inc., Canada’s largest shipbuilding company.
Government Operations contains the company’s prior Nuclear
Operations Group and Nuclear Services Group, and includes BWXT’s
work as the sole manufacturer of naval nuclear reactors for U.S.
submarines and aircraft carriers. The segment also includes BWXT’s
joint ventures that carry out environmental remediation and nuclear
operations management at more than a dozen U.S. government
facilities. It also develops mobile and microreactor technology for
terrestrial and space applications.
John MacQuarrie is an industry veteran with more than 28 years
of experience in the nuclear industry, including more than 23 years
with BWXT. MacQuarrie has served as president of BWXT Canada Ltd.
since 2013. Previously, MacQuarrie served as vice president,
business development & marketing for the company’s commercial
nuclear energy operating group. Prior to that he was the vice
president of nuclear services for BWXT Canada, where he was
responsible for global services delivery. He assumed this role
after several years as the general manager of nuclear services and
equipment for the company’s Canadian operations. MacQuarrie is also
the chair of the board of directors for the Canadian Nuclear
Association.
The Commercial Operations segment (formerly the Nuclear Power
Group) includes the design, manufacturing, commissioning and
service of nuclear power generation equipment. This includes steam
generators, nuclear fuel and fuel components, critical plant
components, parts and related plant services. The segment also
develops, manufactures, packages and delivers medical isotopes and
radiopharmaceuticals.
“We are extremely fortunate to have two highly experienced and
respected industry leaders in these key roles,” said BWXT President
and Chief Executive Officer Rex Geveden. “This new reporting
structure enables BWXT to drive its multi-faceted growth strategy
through two distinct, customer-based segments. We look forward to
building on our successes with a sharper focus on using nuclear
technology to solve some of our customers’ most challenging
problems in both the public and private sectors.”
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20220222005907/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
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