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LES Announces New President for URENCO USA

March 29, 2010

MARLOW, United Kingdom, March 29 /PRNewswire/ — The LES Board of Managers today announced Gregory OD Smith has been named new President and Chief Executive Officer for LES and its URENCO USA uranium enrichment facility outside Eunice, New Mexico. The appointment is effective May 3, 2010. Smith currently serves as Chief Operating Officer and Chief Nuclear Officer for URENCO USA (formerly the National Enrichment Facility).

He replaces Reinhard Hinterreither, who has been appointed Chief Operating Officer of Enrichment Technology Company Limited (ETC), also effective May 3, 2010. ETC supplies gas centrifuge technology to its shareholders URENCO and Areva.

“My sincerest appreciation and thanks go to outgoing President and CEO, Reinhard Hinterreither,” Smith said. “His passion and energy have been instrumental in achieving the outcome of safely bringing the URENCO USA facility to operational readiness.”

Before joining URENCO in September 2007, Smith was senior vice president of Ontario Power Generation Inc., where he was responsible for the development of the organization’s nuclear construction and reactor refurbishment program and nuclear commercial business division. Prior to that, he was senior vice president of Darlington Nuclear from 2002 to 2006. From 1976 to 2002, he held several executive positions in the U.S. nuclear industry.

Smith is a graduate of Texas A&M University, with a bachelor’s of science degree, Mississippi College with an MBA and Harvard’s Advanced Management Program.

Notes to editor:

LES

LES, LLC, a wholly owned subsidiary of URENCO Ltd. is constructing the URENCO USA facility near Eunice, New Mexico. When completed, LES will operate the nation’s most efficient and advanced uranium enrichment facility and will provide a secure domestic enrichment fuel supply source to US nuclear energy companies.

The URENCO Group

URENCO is an independent international energy and technology group with its head office based in Marlow, UK. It operates facilities in Germany, the Netherlands and the UK, and in the near future at a fourth site in New Mexico, US. It operates in a pivotal area of the nuclear fuel supply chain, which enables the sustainable generation of electricity for consumers around the world.

Utilizing centrifuge technology, URENCO provides safe, cost-effective and reliable uranium enrichment services for civil power generation within a framework of high environmental, social and corporate responsibility standards. Currently URENCO fulfills around 25% of the global enrichment market, and aims to establish itself as the leading global supplier of enrichment and enrichment technology. www.urenco.com

SOURCE LES


Source: newswire



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