BWX Technologies (BWXT) Announces CFO Change

BWX Technologies, Inc. (NYSE: BWXT) today announced that Robb A. LeMasters has stepped down from his position as executive vice president and chief financial officer. The company has named Mike T. Fitzgerald, current chief accounting officer, as the interim chief financial officer.

Mr. Fitzgerald joined BWXT in 2022 as vice president, finance and chief accounting officer, responsible for overseeing and reporting on the company’s day-to-day financial operations. He previously led MorganFranklin, LLC’s aerospace and defense practice as managing director and was an audit senior manager at Deloitte & Touche, LLP. In 2024, his financial leadership at BWXT was recognized with a rising star award from the Northern Virginia Technology Council.

“Mike Fitzgerald has made an impressive impact on the company in a very short time, and I look forward to working with him in this expanded role,” said Rex Geveden, president and chief executive officer. “His depth of financial understanding and extensive corporate experience will ensure a smooth transition, and will support BWXT’s growth strategy and focus on operational excellence.”

Mr. LeMasters joined BWXT first on the board of directors from 2015 to 2020, and then in 2020 as senior vice president and chief strategy officer, transitioning to chief financial officer in 2021, and executive vice president in 2024.

“During Robb LeMasters’s tenure, BWXT has delivered impressive growth and significant returns to shareholders against a backdrop of financial discipline and strategic capital allocation,” said Mr. Geveden. “His strategic insights and dedication to the company made him a trusted personal advisor and key member of my leadership team. I am deeply grateful for his contributions to BWXT and wish him well in his next chapter. We are pleased that he will continue to serve the company as a special advisor during this transition.”

“I feel privileged to have spent the past decade alongside BWXT, since the spin-off of Babcock & Wilcox Enterprises in 2015. It has been the professional experience of my lifetime – from supporting a newly traded public company to realizing consistent and sustained growth quarter over quarter under Rex’s leadership,” said Mr. LeMasters. “I have every confidence that the Company will continue to enjoy outstanding financial success under the stewardship of this strong finance team going forward.”

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