Babcock & Wilcox Enterprises, Inc. announced that Kenny Young has been appointed Chief Executive Officer of the company, effective immediately. Leslie Kass, who has served as Chief Executive Officer since February 2018, is leaving B&W to pursue other opportunities. Additionally, B&W announced Lou Salamone has been appointed to serve as Executive Vice President of Finance and with the expectation that he will transition to the role of Chief Financial Officer in the near term.

B&W also announced that Henry E. Bartoli will serve as Chief Strategy Officer and will remain a member of the Board of Directors as a non-independent director. Robert Caruso will continue to serve as Chief Implementation Officer. In the newly created position of Chief Strategy Officer, Mr. Bartoli will advise the senior management team and oversee the execution of market and operational strategies across the company.

Mr. Young has more than 30 years of operational, financial, marketing and executive leadership experience. He currently serves as President of B. Riley Financial, Inc. and Chief Executive Officer of B. Riley Principal Investments, LLC, a wholly-owned subsidiary of B. Riley Financial. Previously, he served for seven years as President and Chief Executive Officer of LCC International, Inc. In this role, he led a turnaround through various cost reductions and market expansions that yielded significant top and bottom line performance improvements.

Mr. Salamone has more than 25 years of experience as a chief financial officer of diversified public companies such as Nextel Communications, Applied Graphics Technologies and LCC International, Inc.; as well as with private equity-backed companies such as USi, GXS and, most recently, CityMD. Mr. Salamone was previously a partner at Deloitte & Touche. Mr. Bartoli has more than 35 years of experience in all aspects of the global power industry.

Most recently, Mr. Bartoli served as President and Chief Executive Officer of Hitachi Power Systems America Ltd. Previously, Mr. Bartoli held senior executive corporate positions at The Shaw Group, Foster Wheeler Corp., and Burns and Roe Enterprises, Inc.