B&W to Expand Industrial Segment, Makes Executive Appointment

After July 1, the Industrial segment will include the company’s B&W MEGTEC subsidiary based in DePere, Wis., its B&W SPIG subsidiary based in Arona, Italy, its B&W Universal subsidiary based in Stoughton, Wis., and the Industrial Steam Generation group, which will continue to be based in Barberton, Ohio.

B&W’s Industrial segment provides custom-engineered technologies for cooling, environmental, noise abatement and industrial steam generation applications, as well as related aftermarket services. With the addition of the Industrial Steam Generation group, which produced more than $100 million in revenue in 2016, the Industrial segment will be B&W’s second-largest, with annual revenue of approximately $550 million.

“Our Industrial segment is a key part of our company and a strong driver for growth as we continue to expand our non-coal revenue base,” said Mr. E. James Ferland, B&W Chairman and Chief Executive Officer. “Consolidating all of our Industrial operations under Leslie’s leadership will provide strong vision, focus and direction as we accelerate our efforts to grow this segment of our company and diversify B&W’s overall revenue stream, while ensuring we continue to provide outstanding service to our existing customers in our industrial markets. 

“Integrating our Industrial Steam Generation group into our Industrial segment will also increase efficiency in our business development efforts and promote more effective cross-selling of related products and services in the industries we serve,” Ferland added.

Kass has extensive engineering, operational and site-level leadership experience with a number of utilities, along with a strong background and acumen in working with the financial community, shareholders and potential investors in both the utility and government sectors. 

Most recently, she served as Vice President of Retrofits and Continuous Emissions Monitoring for B&W’s Power segment, leading the company’s global retrofits business and working closely with customers to develop solutions for their steam generation and environmental needs. Before that, she held positions as Vice President, Investor Relations & Communications, and as Vice President of Regulatory Affairs. Prior to joining B&W, Kass held a number of engineering and project management-related positions of increasing responsibility with Westinghouse, Entergy and Duke Energy.