B&W Names Elias Gedeon Senior Vice President and Chief Business Development Officer

CHARLOTTE, N.C.--(BUSINESS WIRE)--

The Babcock & Wilcox Company (B&W) BWC announced today that Elias Gedeon has joined The Babcock & Wilcox Company (B&W) as Senior Vice President and Chief Business Development Officer.

Mr. Gedeon has more than 30 years of experience in the power generation industry, most recently serving as Alstom Power's Boiler Group Vice President, Global Sales and Marketing since 2009. From 2003 to 2009, Mr. Gedeon served as Alstom's Vice President, Sales, Americas. He will provide leadership to drive B&W's organic growth initiatives and efforts to expand the Company's footprint internationally.

“We're pleased to welcome Elias to B&W and are excited about the outstanding leadership and direction he'll bring to our growth initiatives,” said E. James Ferland, President and Chief Executive Officer, B&W. “His broad, global experience will be instrumental in helping our Company better develop and close key deals, leverage relationships and more effectively position B&W as a trusted advisor to win emerging opportunities, particularly in our commercial energy businesses.”

From 1989 to 2002, Mr. Gedeon held a number of positions of increasing responsibility at Foster Wheeler Power Group and its subsidiaries including Executive Vice President, Global Sales and Marketing; Vice President, Operations, Foster Wheeler Energia S.A. Spain.

Mr. Gedeon holds a bachelor's degree in engineering from Stevens Institute of Technology and an Executive MBA from the University of Michigan.

About B&W

Headquartered in Charlotte, N.C., The Babcock & Wilcox Company is a leader in clean energy technology and services, primarily for the nuclear, fossil and renewable power markets, as well as a premier advanced technology and mission critical defense contractor. B&W has locations worldwide and employs approximately 12,000 people, in addition to approximately 10,200 joint venture employees. Learn more at www.babcock.com

Cautionary Statement Regarding Forward Looking Statements

B&W cautions that this release contains forward-looking statements, including statements relating to management's plans for organic growth, international expansion and business development. These forward-looking statements involve a number of risks and uncertainties, including, among other things, our ability to competitively bid on and win new business opportunities and adverse changes in the industries in which we operate or seek to expand. If one or more of these or other risks materialize, actual results may vary materially from those expressed. For a more complete discussion of these and other risk factors, please see B&W's annual report on Form 10-K for the year ended December 31, 2013 and subsequent quarterly reports on Form 10-Q filed with the Securities and Exchange Commission. B&W cautions not to place undue reliance on these forward-looking statements, which speak only as of the date of this release, and undertakes no obligation to update or revise any forward-looking statement, except to the extent required by applicable law.