Thursday, 9 January 2025
The company said that Fragman intends to spend more time in Europe with his family, but would “continue to support Westinghouse for a few more months after March 31 to facilitate the handover to the new CEO”.
Mitch Davidson, Chairman of the Westinghouse Board of Directors, said: “We thank Patrick for his dedication and leadership during a transformational period for Westinghouse and the nuclear industry. Patrick has been instrumental in the turnaround of Westinghouse. During his tenure, Patrick successfully positioned Westinghouse to be the leading innovator and developer of nuclear technologies globally. Westinghouse now embarks on its next chapter with a unique profitable growth strategy for both the installed base of nuclear plants and new-build reactors of all sizes.”
Tim Gitzel, president and CEO of Cameco, which together with Brookfield acquired Westinghouse in 2023, said: “Westinghouse is a pioneer in the nuclear energy industry and is regarded as a leader in nuclear innovation and plant services. We thank Patrick for his leadership and wish him and his family all the best in the future.”
Dan Sumner, former operating plant services president, has now assumed the role of deputy CEO and will become interim president and CEO when Fragman leaves. A recruitment process is under way for a new CEO.
Davidson added: “Dan has been an instrumental leader for Westinghouse over the past 14 years, including in his role as chief financial officer and most recently president of the Operating Plant Services business. Dan is uniquely positioned to take the helm of the organisation at this time.”
Before taking up the Westinghouse role in August 2019, Fragman was group senior vice president at ABB Limited and had previously spent 15 years at Alstom in senior roles based in the Canada, China, France and the USA, including leading its nuclear business. He had also worked in various energy-focused roles within the French government. He received an engineering degree from École des Mines de Paris.
