Brian Bradley
NS&D Monitor
7/17/2015
Centrus announced on July 10 that it has promoted Stephen Greene, Treasurer and Vice President of Finance, to CFO, Senior Vice President and Treasurer, effective July 24, according to a press release. Greene has served in his current posts since 2007. “Since joining the company, I have been impressed with Steve’s financial acumen and strategic foresight,” Centrus President and CEO Dan Poneman said. “He has been instrumental in helping us reshape our enrichment business. His strong leadership in managing the company’s financial position will allow us to take full advantage of our fresh start in rebuilding the company and its contribution to the international nuclear fuel market.” Greene will succeed John Barpoulis, who will leave Centrus after a decade of work, which included guiding the company through a period of change and restructuring. The company wrapped up a Chapter 11 bankruptcy financial restructuring last fall after failing to commercialize American Centrifuge due, in part, to the uranium market turndown following the 2011 Fukushima accident.
Poneman credited Barpoulis with reducing Centrus’ commercial overhead by 25 percent, cutting the company’s debt in half, and restructuring the firm’s balance sheet. “It is an appropriate time for transition,” said Barpoulis. “With the restructuring behind us and Dan Poneman and a new leadership team at the helm, Centrus is on solid footing to pursue new strategic initiatives,” Barpoulis said. “I am proud to have worked with such a skilled, talented and dedicated finance team, and I am confident in their ability to help move the company forward.” In his future role, Greene will oversee Centrus’ financial activities, including accounting, treasury, financial and strategic planning, information technology, tax, procurement and investor relations, according to the release. “With a restructured balance sheet, Centrus is well positioned to succeed even under current market conditions,” Greene said. “I am excited to lead our financial efforts to grow Centrus into a preeminent U.S. nuclear fuel company in the years to come.”