Thursday, March 5, 2009

USEC Promotes Peter Saba to Senior Vice President, Names Paul Sullivan Chief Engineer


USEC Inc. (NYSE:USU) announced today that the USEC board of directors elected Peter B. Saba senior vice president. Saba will continue as USEC's general counsel and secretary, positions he has held since April 2008.

In announcing the promotion, USEC President and Chief Executive Officer John Welch said, Peter has been a tremendous contributor to USEC from day one. Under his guidance and counsel, we have prevailed in a unanimous Supreme Court ruling on an important trade case and we continue to make great strides in our effort to obtain a loan guarantee for the American Centrifuge Plant. He is a valued member of our senior management team.

Saba, a graduate of the University of Virginia and Harvard Law School, has extensive legal experience in both the private and government sectors. Previously, Saba was of counsel in the global projects group at Paul, Hastings, Janofsky & Walker LLP. There he advised clients on the implementation of new federal government insurance and loan guarantee programs for the development of advanced nuclear power plants. Saba's experience also included service as principal deputy assistant secretary in the U.S. Department of Energy's Office of Domestic and International Energy Policy.

USEC's board also recently named Paul Sullivan as an officer of the company and as chief engineer. Sullivan joined USEC in January as vice president for operations and is responsible for USEC's production operations and contract work for the U.S. Department of Energy at the Paducah, Ky., and Piketon, Ohio, plant facilities. As chief engineer, Sullivan will provide engineering oversight across the company.

Our business is based on some of the most complex and challenging technology in the world and we are fortunate to have Paul's management and engineering expertise on our team, said Welch. His experience in delivering technologically complex programs will be a tremendous resource as we move forward with deployment of the American Centrifuge Plant.

Sullivan, a graduate of the U.S. Naval Academy and of the Massachusetts Institute of Technology, recently retired with the rank of Vice Admiral after 34 years of service in the U.S. Navy. He was most recently the Commander of the Naval Sea Systems Command where also previously served as Chief Engineer and Program Manager of the Virginia and Seawolf submarine classes. Sullivan's leadership led to the delivery of 22 new ships, 63 major ship overhauls and more than 140 private sector overhauls.

USEC Inc., a global energy company, is a leading supplier of enriched uranium fuel for commercial nuclear power plants.

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