BWXT announces CFO turnover

BWX Technologies, Lynchburg, Va., said this week that Rob LeMasters, who joined the company a decade ago as a board of directors’ member, has stepped down as chief financial officer and executive vice president.

The current chief accounting officer, Mike Fitzgerald, becomes interim CFO, BWXT said in a Monday press release.

Fitzgerald joined BWXT three years ago as vice president and chief accounting officer, overseeing the nuclear company’s daily financial operations. Before coming to BWXT, Fitzgerald was a managing director of MorganFranklin’s aerospace and defense practice.

LeMasters joined BWXT’s board in 2015 and in 2020 became a senior vice president and strategy officer. He became CFO in 2021 and then executive vice president in 2024, according to the release.

LeMasters is temporarily staying with BWXT as a special adviser during a transition period, BWXT CEO Rex Geveden said in the press release. The transition period runs until March 2, 2026, and during that time LeMasters will receive his salary, totaling about $495,000, according to a filing with the Securities and Exchange Commission (SEC).

LeMasters entered into a transition agreement with BWXT May 11, according BWXT’s SEC filing. “Mr. LeMasters decision is not related to any financial or accounting issue or any disagreement with the Company or any matter relating to its operation, policies or practices,” according to the filing.

“I feel privileged to have spent the past decade alongside BWXT, since the spin-off of Babcock & Wilcox Enterprises in 2015,” LeMasters said in the release.