x

Posted 07 August, 2023

CENTRUS ENERGY CORP appointed new CEO

CEO Change detected for ticker NYSE:LEU in a 8-K filed on 07 August, 2023.


  On August 4, 2023, Philip O. Strawbridge, Senior Vice President, Chief Financial Officer, Chief Administrative Officer and Treasurer of Centrus Energy Corp. (the "Company"), provided notice of his decision to retire from the Company effective December 31, 2023. Mr. Strawbridge will continue in his role as Senior Vice President, Chief Financial Officer, Chief Administrative Officer and Treasurer through August 31, 2023, after which he will serve as a special advisor to the Chief Executive Officer and the Board of Directors of the Company (the "Board") to assist with the transition until his retirement from the Company on December 31, 2023.  

Don't how to trade CEO change? Read Reasons for CEO Turnover and Effect on Stock Performance.
Overview of CENTRUS ENERGY CORP
Basic Materials/Resources • Non-Ferrous Metals
Centrus Energy Corp. engages in the supply of nuclear fuel and services for the nuclear power industry. It operates through the following segments: Low-enriched Uranium (LEU) and Technical Solutions. The LEU segment includes various components of nuclear fuel to utilities from its global network of suppliers. The Technical Solutions segment offers advanced engineering, design, and manufacturing services to government and private sector customers, and is deploying advanced nuclear fuel production capabilities to power existing, and next-generation reactors around the world. The company was founded in October 1992 and is headquartered in Bethesda, MD.
Market Cap
$640M
View Company Details
CENTRUS ENERGY CORP by TradingView
Relevant filing section
Item 5.02 Departure of Directors of Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.


CFO Retirement


On August 4, 2023, Philip O. Strawbridge, Senior Vice President, Chief Financial Officer, Chief Administrative Officer and Treasurer of Centrus Energy Corp. (the "Company"), provided notice of his decision to retire from the Company effective December 31, 2023. Mr. Strawbridge will continue in his role as Senior Vice President, Chief Financial Officer, Chief Administrative Officer and Treasurer through August 31, 2023, after which he will serve as a special advisor to the Chief Executive Officer and the Board of Directors of the Company (the "Board") to assist with the transition until his retirement from the Company on December 31, 2023.


New CFO Appointment


On August 4, 2023, the Board unanimously appointed Kevin J. Harrill, 46, to succeed Mr. Strawbridge as the Company's Senior Vice President, Chief Financial Officer, and Treasurer, effective August 31, 2023. Mr. Harrill's promotion is part of the Company's normal, enterprise-wide succession planning process. Mr. Harrill has served as Chief Accounting Officer and Controller of the Company since November 2021. Prior to joining the Company, Mr. Harrill held positions of increasing responsibility at Blackboard, Inc., from 2015 to 2021, including Vice President, Chief Accounting Officer and Controller. He has two decades of finance and accounting leadership experience across a range of public companies, including Computer Sciences Corporation, Harris Corporation, and Science Applications International Corporation.


As Senior Vice President, Chief Financial Officer, and Treasurer, Mr. Harrill will receive an annual base salary of $300,000 and will be eligible to receive an annual non-equity incentive plan award with a target award of 80% of his base salary, pro-rated for 2023. Mr. Harrill will participate in the Company's long term incentive plan and receive annual equity compensation awards as determined by the Compensation, Nominating and Governance Committee of the Board. For more information regarding the Company's annual bonus and equity incentive programs, see the Company's Definitive Proxy Statement for the 2023 Annual Meeting of Shareholders filed with the Securities and Exchange Commission on May 1, 2023.