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Westinghouse Executives Exchange Management Positions
 
- Dan Lipman to become Sr. Vice President, Global Growth & Innovation

- Ric Perez to become Sr. Vice President, Nuclear Power Plants

- Effort to leverage talent to grow business, fulfill customer needs

PITTSBURGH, Sept. 1 /PRNewswire/ -- Westinghouse Electric Company announced today that two of its senior vice presidents, Daniel S. Lipman and Ricardo G. Perez, will exchange positions effective immediately.

Mr. Lipman, formerly senior vice president of Westinghouse Nuclear Power Plants, will become senior vice president, Westinghouse Global Growth & Innovation (GG&I), a position held by Mr. Perez since its creation last August. Mr. Perez will become senior vice president of Westinghouse Nuclear Power Plants (NPP), the position Mr. Lipman has held since 2005.

Westinghouse President and CEO Aris Candris said the exchange is consistent with the company's long-standing effort to provide employees at all levels with rotational assignments for the purpose of introducing new perspectives throughout the company and to leverage talent across the business.

"Ric and Dan share a passion for our industry, our customers and our company," he said. "They each possess the global experience, customer insight and operational knowledge that will enable Westinghouse's continued progress in these important areas."

At NPP, Mr. Perez will be responsible for leading the deployment of new nuclear power plants around the globe. His major areas of focus will be the continued successful implementation of the current new plant projects in the Republic of Korea, China and the United States, and the pursuit of additional new-build opportunities in other promising markets.

Mr. Perez was selected in August 2008 to head the newly created GG&I initiative, a company-wide undertaking designed to ensure that Westinghouse is well prepared to meet the changing needs of the fast-growing global nuclear energy industry. Prior to the GG&I assignment, Ric served as senior vice president, Westinghouse Nuclear Services, for three and a half years. He has held Nuclear Services leadership positions in the United States, United Kingdom and Belgium.

His career also features experience in direct support of the operating fleet, including an assignment as site services manager at San Onofre Nuclear Generating Station in San Clemente, Cal.

At GG&I, Mr. Lipman will be responsible for further advancing progress in GG&I's five focus areas: aligned strategic growth, revolutionary technology, close-to-the-customer decision making, standardized core processes and infrastructure optimization.

Mr. Lipman was appointed to lead NPP in May 2005. During that time, he played a pivotal role in securing landmark contracts to provide AP1000(TM) nuclear power plants in China, with the first to become operational in 2013. Also under Mr. Lipman's leadership, the AP1000 was selected as the technology of choice for 14 announced new plants in the United States, including six for which Engineering, Procurement and Construction Contracts have been signed.

Earlier in his career, Mr. Lipman served as senior vice president, Operational Excellence, in which he headed Westinghouse's Customer 1st program. Previous leadership assignments included Customer Relations & Sales positions in North America and Asia. He also has direct experience in working with European customers, and has provided construction, start-up and operations support as a resident site manager and a project manager at customer sites in the United States and Asia.

Westinghouse Electric Company, a group company of Toshiba Corporation (TOKYO:6502), is the world's pioneering nuclear power company and is a leading supplier of nuclear plant products and technologies to utilities throughout the world. Westinghouse supplied the world's first PWR in 1957 in Shippingport, Pa. Today, Westinghouse technology is the basis for well over 40 percent of the world's operating nuclear plants, including 60 percent of those in the United States.


SOURCE Westinghouse Electric Company