CRANBERRY TOWNSHIP, Pa.,
May 16, 2019 /PRNewswire/ --
Westinghouse Electric Company ("Westinghouse") announced today that
José Emeterio Gutiérrez will step down as President and Chief
Executive Officer on July 31, 2019,
following more than a decade of service with the company.
Patrick Fragman, currently Group
Senior Vice President at ABB Limited, has been appointed as
President and CEO effective August
19. In the interim, an Executive Committee comprised of
members of Westinghouse's senior leadership team will manage the
day-to-day affairs of the company.
Gutiérrez joined Westinghouse in 2008 as technical director of
Nuclear Services and Regional Vice President of Spain and took on progressively more senior
roles before being appointed interim President and CEO in 2016 and
President and CEO in 2017. Under his leadership, Westinghouse
successfully emerged from Chapter 11 as a leaner, stronger
organization focused on its core business.
Gutiérrez will continue to have a strategic role with
Westinghouse as a member of a Global Advisory Board, an entity
being established to provide guidance on Westinghouse's
international strategy to drive global growth.
"It has been an honor to serve as President and CEO of
Westinghouse, a truly iconic company and global leader in the
nuclear industry," said Gutiérrez. "I look forward to
continuing to support the company's international growth strategy
as a member of the Global Advisory Board."
"On behalf of the Board of Directors, I would like to thank José
for his contributions as President and CEO during a transformative
time for the business," said Denis
Turcotte, Chair, Westinghouse Board of Directors. "We
look forward to welcoming Patrick, a respected global executive in
the sector, with deep expertise of both the industry and markets in
which Westinghouse operates. We are confident the business is well
positioned to continue to strengthen and grow under his
leadership."
Patrick Fragman will bring almost
30 years of global power and energy services experience to the role
of President and CEO. Most recently, as Group Senior Vice
President of ABB Limited's Grid Integration business, he is
accountable for an industry-leading global portfolio delivering
leading power transmission systems, services and software
solutions. Before joining ABB, Fragman spent 15 years at Alstom in
senior roles based in the U.S., France, Canada, and China, most recently leading its nuclear
business, contributing to significant growth of customer contracts
and new offerings. Earlier in his career, Fragman worked in
various energy-focused roles within the French
government.
"I am delighted to have the opportunity to lead Westinghouse, an
industry leader with a reputation for best-in-class customer
service and innovation," said Fragman. "I look forward to
working with employees and Westinghouse stakeholders to further
build momentum as a leading provider of key services to the world's
nuclear fleet."
Westinghouse Electric Company is the
world's pioneering nuclear energy company and is a leading supplier
of nuclear plant products and technologies to utilities throughout
the world. Westinghouse supplied the world's first commercial
pressurized water reactor in 1957 in Shippingport, Pa., U.S. Today, Westinghouse
technology is the basis for approximately one-half of the world's
operating nuclear plants. For more information, please visit
www.westinghousenuclear.com.
Westinghouse is a subsidiary of
Brookfield Business Partners, a business services and
industrials company focused on owning and operating high-quality
businesses that benefit from barriers to entry and/or low
production costs. Brookfield Business Partners is listed on the
New York and Toronto stock exchanges. For more information,
visit https://bbu.brookfield.com
Brookfield Business Partners is the flagship listed
business services and industrials company of Brookfield Asset
Management Inc., a leading global alternative asset manager with
more than $365 billion of assets
under management. For more information, please visit
https://bbu.brookfield.com.
Contact: Sarah
Cassella
Manager, External Communications
Westinghouse Electric Company
Telephone: +1 412-374- 4744
Email: cassels@westinghouse.com
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SOURCE Westinghouse Electric Company