Two new appointments at British Energy (BE) indicate a stronger commitment to the nuclear market. The new chairman, Robin Jeffrey, a seasoned nuclear engineer, takes over the chief executive role following the forced resignation of Peter Hollins. The departure of Mr Hollins comes after a series of misjudgements during his three-year tenure where BE’s market value more than halved and its profits fell to nearly zero (see NEI June 2001, p12).
Dr Jeffrey has also brought in David Gilchrist, finance director of Bruce Power, as managing director of BE’s British nuclear power operations.
Dr Jeffrey said: “British Energy is now a very different company from three years ago. With these changes I believe we have now got the right team which will show the same drive, commitment and leadership that produced positive results in North America.”