News Release — May 16, 2007
UniStar Nuclear Names Industry Executive Vice President, Sales and Marketing
New Position Will Oversee Sales and Marketing Efforts For Joint Venture
BALTIMORE, May 16, 2007 - UniStar Nuclear, a joint venture between Constellation Energy and AREVA Inc., today announced that Michael McGough, an engineering and marketing executive with 28 years of nuclear industry experience, has been named vice president, sales and marketing. McGough will work closely with AREVA to oversee completion of UniStar Nuclear’s four-unit business model and begin to develop additional opportunities to grow market share and backlog for the company’s chosen technology – the U.S. Evolutionary Power Reactor (EPR) – throughout the United States.
“Our company has grown substantially over the past 18 months, and this has resulted in the need to add senior leadership to guide our commercial activities,” said George Vanderheyden, president of UniStar Nuclear. “Mike brings to us a seasoned marketing background and extensive experience within the nuclear industry. We’re pleased to have him join our team as we work with our existing partners and meet with prospective new customers toward our planned fleet of fully standardized, advanced nuclear power plants.”
McGough joins UniStar Nuclear from EnergySolutions in Atlanta, where he was vice president for fuel management services. McGough also served as senior vice president of marketing and business development for NAC International and senior vice president of sales and marketing for Quadrex Corporation.
McGough began his nuclear industry career with Westinghouse Electric Power System’s nuclear division in Pittsburgh. He subsequently served as vice president of sales and marketing, and then president, of PCI Energy Services, a Westinghouse Electric subsidiary, in Chicago.
A graduate of Washington State University with a bachelor’s degree in engineering and physical metallurgy, McGough received his master’s degree in business administration from the Katz School of Business at the University of Pittsburgh. He also is a graduate of the Kellogg Management Institute of Northwestern University in Chicago.
McGough has authored, published or presented more than 30 papers for industry journals and symposia. He has held memberships in numerous engineering and management associations and has been a member of the American Nuclear Society since 1980.
UniStar Nuclear (www.unistarnuclear.com) is a jointly developed enterprise of Constellation Energy and AREVA Inc. that provides a platform upon which to deploy the safest, most secure and most reliable standardized fleet of advanced, nuclear power plants in the United States. It brings together industry-leading design, licensing, construction, and operations expertise in a unique business model that is pioneering a new era of emissions-free American power generation. UniStar Nuclear is headquartered in Baltimore, Md.
Constellation Energy (www.constellation.com), a FORTUNE 200 company with 2006 revenues of $19.3 billion, is the nation's largest competitive supplier of electricity to large commercial and industrial customers and the nation's largest wholesale power seller. Constellation Energy also manages fuels and energy services on behalf of energy intensive industries and utilities. It owns a diversified fleet of 78 generating units located throughout the United States, totaling approximately 8,700 megawatts of generating capacity. The company delivers electricity and natural gas through the Baltimore Gas and Electric Company (BGE), its regulated utility in Central Maryland.
As the leading U.S. nuclear supplier and a key player in the electricity transmission and distribution sector, AREVA’s 5000 American employees are committed to serve the nation and pave the way for the future of the electricity market. The company’s commitment to America is reflected in its initial investment of $200 million in the U.S. EPR. With 40 locations across the nation and $1.7 billion in revenues in 2006, AREVA combines homegrown leadership, access to worldwide expertise and a proven track record of performance. In the U.S. and in over 100 countries around the world, AREVA is engaged in the 21st century’s greatest challenges making energy available to all, protecting the planet and acting responsibly towards future generations. AREVA Inc. is headquartered in Bethesda, Md. Visit us at www.us.areva.com.
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