Westinghouse details post-bankruptcy restructuring

11 January 2019

US based-Westinghouse on 9 January has announced its first organisational changes, which aim to enhance focus on its customer base and strengthen its global services and supply chain management capabilities.

Westinghouse filed for Chapter 11 bankruptcy protection with US courts in March 2017 in the face of extensive financial difficulties. The filing affected only its US operations, which included projects to build four AP1000 reactors – two each at Vogtle in Georgia, and the VC Summer site in South Carolina. In  January 2018, Brookfield Business Partners (together with institutional partners collectively known as Brookfield) announced that it had agreed to acquire 100% of Westinghouse from Japan's Toshiba for about $4.6 billion. Brookfield completed the purchase in August, marking Westinghouse's exit from Chapter 11 bankruptcy protection as a restructured company.

"Westinghouse has been on a journey to transform the way in which we deliver our products and services to our customers in the most effective manner that will build value for the business," said José Emeterio Gutiérrez, Westinghouse president and CEO.  

The announced changes include the creation of customer-focused business units serving the existing fleet of operating nuclear plants with single points of accountability for both sales and delivery.

A new business unit (Plant Solutions), headed by David Durham, will be developed with responsibility for growth areas related to specific stages of the commercial nuclear plant lifecycle, including new plant delivery; plant demolition, decommissioning and remediation services; and government services.  

Westinghouse will also establish "an operations delivery support function" to build Global Supply Chain into a best-in-class organisation. This will also provide global engineering, manufacturing and other technical capabilities  to ensure  customers receive "the full breadth of Westinghouse's global products, innovations and technical capabilities," a statement said.

Pavan Pattada has been appointed executive vice president of Global Operations Services, with scope including Global Supply Chain, Nuclear Fuel, Global Components Manufacturing, Global Instrumentation & Control and Global Engineering Services.

The chief operating officer role has been restructured as part of a broader reorganisation of the company. As a result, chief operating officer Mark Marano has chosen to retire.

David Howell will become president of Americas Operating Plant Services with continued responsibilities for commercial execution, with the added responsibility of delivery. Bill Poirier has been named president of Westinghouse's Europe, Middle East and Africa Operating Plant Services business on an interim basis while the company conducts an external search.

Westinghouse expects to implement the changes by mid-2019.



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