Toshiba Appoints Shigenori Shiga Westinghouse Board Chairman

July 2, 2010

PITTSBURGH, July 2 /PRNewswire/ — Westinghouse Electric Company announced today the appointment of Shigenori Shiga to the position of Chairman, replacing Steve Tritch, who retired July 1.

Mr. Shiga has served as Senior Vice President and Chief Coordination Officer for Westinghouse since 2006 and concurrently serves as Executive Vice President of Toshiba Corporation’s Power Systems Company. He will assume his new role immediately, and his primary responsibilities will be to provide strategic oversight and supervision of the Westinghouse Board of Directors.

In commenting on Mr. Shiga’s appointment, Mr. Tritch said: “I applaud Shigenori Shiga’s appointment. He has been intimately involved with Westinghouse operations since Toshiba Corporation became majority owner in late 2006 and is thoroughly familiar with our goals and strategies. As the nuclear renaissance advances on the global scale, Mr. Shiga’s appointment as Chairman will further reinforce the links and synergies between Westinghouse and Toshiba, and support us in maximizing our combined strategies in the global marketplace.”

Dr. Aris S. Candris, President and CEO, also said: “As Chairman, Shigenori Shiga will bring balance and provide stability within our senior management team, and further reinforce our ability to act in concert with Toshiba. His appointment will also allow my entire staff to further concentrate on growing our business and better meeting our commitments to customer success, technology development, quality, safety, and global industry leadership.”

Replacing Mr. Shiga as chief coordination officer will be Tetsuya Noda, who most recently served as vice president within the coordination division.

Westinghouse Electric Company, a group company of Toshiba Corporation (TKY:6502), is the world’s pioneering nuclear energy company and is a leading supplier of nuclear plant products and technologies to utilities throughout the world. Today, Westinghouse technology is the basis for approximately one-half of the world’s operating nuclear plants, including 60 percent of those in the United States.

Westinghouse also has four of its AP1000(TM) nuclear power plants under construction in China, and has contracts for six new AP1000 units in the United States. Additionally, Westinghouse has been selected to provide an additional eight AP1000s in the United States. Contracts for those plants are in various stages of discussion.

SOURCE Westinghouse Electric Company

Source: newswire

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