Babcock and Wilcox Enterprises, Inc. announced that as a result of the Amended Credit Agreement, the Company is no longer required to maintain a Chief Implementation Officer pursuant to its Amended and Restated Credit Agreement. Accordingly, on March 4, 2021, Robert M. Caruso ceased to serve as the Company’s Chief Implementation Officer, but remains with the Company under the professional services agreement between the Company and Alvarez & Marshal North America, LLC.