Oak Ridge Today

B&W announces leadership changes at Y-12

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Dave Richardson

Dave Richardson

The Babcock and Wilcox Co. on Friday announced top management changes at B&W Y-12, the contractor that operates the Y-12 National Security Complex in Oak Ridge.

Among the changes: B&W Y-12 President and General Manager Charles G. “Chuck” Spencer, who started at Y-12 shortly after the July 28, 2012, security breach, will return to his former position as vice president and chief operating officer of Babcock and Wilcox Technical Services Group Inc. Spencer will continue his involvement at Y-12 and the Pantex Plant in Texas as chairman of the Board of Managers for both B&W Y-12 and Babcock and Wilcox Technical Services Pantex LLC, a press release said.

Spencer replaced Darrel P. Kohlhorst in August 2012. Kohlhorst abruptly retired after the security breach.

Spencer will be replaced by Dave Richardson, who will become president and general manager of Babcock and Wilcox Technical Services Y-12 LLC, or B&W Y-12, on Feb. 1. [Read more…]

Security breach costs B&W Y-12 $12.2 million

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Y-12 National Security Complex

Y-12 National Security Complex (Submitted photo)

B&W Y-12, the company that manages and operates the Y-12 National Security Complex, lost $12.2 million in award fees because of the July 28 security breach, a federal report said.

B&W earned $35.9 million, about 59 percent of its available fee of $60.9 million, the National Nuclear Security Administration said in a fiscal year 2012 performance evaluation of Babcock and Wilcox Technical Services Y-12 LLC.

The company lost 100 percent of its potential security-related fee, and there was also a $10 million “negative overall management fee adjustment,” the NNSA said.

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