Centrus CEO Dan Poneman leaves

  • After almost nine years in the position
  • Accolades, praise and thanks for Poneman
  • Amir Vexler taking over
  • Poneman said 116 words

(exechange) — Bethesda, Maryland, November 20, 2023 — Dan Poneman, chief executive of Centrus, leaves his position. As announced by Centrus Energy Corp. in a news release and in a regulatory filing published on Monday, November 20, 2023, Daniel B. (Dan) Poneman leaves his post as chief executive officer at the supplier of nuclear fuel and services for the nuclear power industry, after almost nine years in the role, effective January 1, 2024.

Generally speaking, it raises questions when a CEO leaves his post at short notice.

Dan Poneman’s duties as CEO will be taken over by Amir Vexler, most recently President and Chief Executive Officer at Orano USA.

The fact that Dan Poneman’s successor is brought in from outside suggests that the board may seek to stimulate change with fresh ideas and new initiatives.

“Culmination of our thorough succession planning process”

The management change is explained as follows. Mikel Williams, Chairman of the Board of Directors, stated: “The selection of Amir Vexler to succeed Dan next year reflects the culmination of our thorough succession planning process.”

Precise information regarding Dan Poneman’s future plans was not immediately available.

Centrus said: “Amir Vexler will succeed Daniel B. Poneman as Chief Executive Officer on January 1, 2024.”

“Does not result from any disagreement”

Centrus stated, regarding the change: “Mr. Poneman’s departure does not result from any disagreement with the Company on any matters relating to the Company’s operations, policies or practices.”

Share price increase since November 2022

The announcement follows an increase in Centrus Energy Corp.’s share price of 12% since November 2022.

In the position of CEO since 2015

Dan Poneman became CEO of the Company in 2015.

Poneman has been the Company’s President and CEO and a director of Centrus since March 23, 2015.

From 2009 to 2014, Poneman was the Deputy Secretary of Energy, also serving as the chief operating officer of the U.S. Department of Energy.

Between April 23, 2013 and May 21, 2013, Poneman served as Acting Secretary of Energy.

Prior to assuming his duties as Deputy Secretary, Poneman served as a principal of the Scowcroft Group for eight years, providing strategic advice to corporations in a variety of strategic industries.

In addition, for eight years he practiced law as a partner at Hogan & Hartson and as an associate at Covington & Burling, advising clients on regulatory and policy matters.

In prior tours of government, he served as a White House Fellow and as Director of Defense Policy and Arms Control at the National Security Council.

From 1993 through 1996 he was Special Assistant to the President and Senior Director for Nonproliferation and Export Controls at the National Security Council.

Poneman is a Senior Fellow at the Belfer Center for Science and International Affairs at the Harvard Kennedy School, a Distinguished Fellow at the Paulson Institute, and a member of the Council on Foreign Relations.

He has published four books, most recently Double Jeopardy: Combating Nuclear Terror and Climate Change (MIT Press, 2019).

In 2020, he served as commissioner on the National Commission on Grid Resilience.

116 words by Dan Poneman

In the release announcing his departure as CEO of Centrus Energy Corp., Dan Poneman received accolades, praise and thanks.

In announcing his departure, Dan Poneman said 116 words.

“I look forward to continuing to support the Company”

Dan Poneman stated: “From the moment I arrived in Washington as a summer intern in 1975, I became deeply interested in the promise of nuclear energy and the importance of America’s global nuclear leadership – a cause that has been the focus of my professional life ever since. These past eight years have represented the culmination of that effort to restore America’s domestic uranium enrichment capability and leadership on the world stage. I am proud of the extraordinary work our dedicated team has done to strengthen our national security and build a domestic supply chain to fuel a new generation of advanced reactors around the world. I look forward to continuing to support the Company and its success going forward.”

Push-out Score for Dan Poneman’s move determined

The Push-out Score indicates on a scale of 0 to 10 how likely it is that Dan Poneman was pushed out or felt pressure to leave his position.

exechange reached out to Centrus and offered the company the opportunity to comment on the score.

Read the full story in the exechange report 48.2023 ($).