B&W names Anthony Colatrella senior VP, CFO

Colatrella replaces Michael S. Taff, who resigned from his position as chief financial officer

Charlotte, N.C., November 15, 2011 — The Babcock & Wilcox Co. welcomes Anthony S. "Tony" Colatrella to the company as its senior vice president and chief financial officer.

Colatrella replaces Michael S. Taff, who resigned from his position as chief financial officer. Taff is expected to continue to serve under his consulting agreement on a temporary basis to assist Colatrella's transition into his new position.

Colatrella, 56, has over 30 years of both private and public company financial experience. Most recently, Colatrella served as chief financial officer of Momentive Performance Materials, a global manufacturer of silicones, from January 2009 to October 2010, when it was combined with another specialty chemical company in a $7.5 billion public merger.

Prior to joining Momentive Performance Materials, Colatrella held the position of vice president and chief financial officer of Paxar Corp., an NYSE-listed company.

Previously, Colatrella held senior leadership positions at The Scotts Miracle-Gro Co. and United Technologies Corp., including responsibility for finance, accounting, treasury, general management, and strategy and corporate development.

Colatrella holds a master's degree in finance from Xavier University, a bachelor's degree from the University of Massachusetts and is a certified public accountant.

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