BWXT names Mike Fitzgerald as chief financial officer

LYNCHBURG, Va. - BWX Technologies, Inc. (NYSE:BWXT) has appointed Mike T. Fitzgerald as Chief Financial Officer, the company announced Thursday. Fitzgerald, who has been serving as interim CFO since May 12, previously held the position of vice president, finance and chief accounting officer at the company. The appointment comes as BWXT demonstrates strong market performance, with the stock delivering a 55% return over the past year and trading near its 52-week high of $153.53.

"Mike has done an outstanding job stepping in as interim CFO these past months," said Rex Geveden, BWXT president and chief executive officer. "I continue to be impressed by his strategic vision and deep understanding of the business." According to InvestingPro data, BWXT maintains a healthy financial position with a current ratio of 2.02 and has consistently paid dividends for 14 consecutive years.

Fitzgerald joined BWXT in 2022, where he was responsible for overseeing and reporting on the company’s day-to-day financial operations. Prior to joining BWXT, he led MorganFranklin, LLC’s aerospace and defense practice as managing director and worked as an audit senior manager at Deloitte & Touche, LLP.

His financial leadership at BWXT was recognized earlier this year with a rising star award from the Northern Virginia Technology Council.

BWXT is a Fortune 1000 and Defense News Top 100 manufacturing and engineering company that provides nuclear solutions for global security, clean energy, environmental restoration, nuclear medicine and space exploration. The company employs nearly 10,000 people and supports the U.S. Department of Energy and National Nuclear Security Administration across multiple contracts in North America.

The information in this article is based on a company press release statement.

In other recent news, BWX Technologies, Inc. has made significant strides in its operations. The company completed the installation and testing of a chemical vapor infiltration furnace, enhancing its ability to produce advanced TRISO nuclear fuel for next-generation reactors. This development is part of BWXT’s Advanced Reactor Demonstration Program with the Department of Energy. Additionally, BWXT secured contracts valued at approximately $2.6 billion from the U.S. Naval Nuclear Propulsion Program for manufacturing naval nuclear reactor components, focusing on Virginia and Columbia-class submarines.

In leadership updates, BWXT appointed Kevin M. McCoy as chief nuclear officer to support the acceleration of submarine programs for the U.S. Navy. McCoy brings extensive experience from his previous roles in shipyard and nuclear industrial operations. Furthermore, BWXT will lead a joint venture to manage and operate Canadian Nuclear Laboratories Ltd., with the venture set to assume responsibility in 2025. Meanwhile, BofA Securities maintained its Buy rating on Constellation Energy stock, following a 20-year Purchased Power Agreement with Meta.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.