Babcock & Wilcox names Cameron Frymyer as CFO, Chris Riker as COO

The company states: “Babcock & Wilcox announced the following leadership changes that will become effective January 1, 2025. Lou Salamone, who has served as Chief Financial Officer since November 2018, has announced he will retire from his role. In connection with his transition from his current position, Mr. Salamone has entered into an agreement with the Company to provide consulting services, including transition support for the Chief Financial Officer role, for a one-year term commencing on January 1, 2025. Chris Riker is named Chief Operating Officer, responsible for B&W’s global business operations and for the successful implementation of the company’s short- and long-term business growth and execution strategies as well as performance and cost-saving initiatives. Mr. Riker has led B&W’s Thermal Segment since August 2022 and has been instrumental in improving cash flows and margins within its global operations. Prior to that, he held several operational and finance-related leadership positions including Vice President of B&W’s Global Parts & Service operations, Vice President of B&W’s Industrial Steam Generation business, and Controller for B&W’s Diamond Power International, LLC subsidiary. He has nearly 15 years’ experience with B&W. Jimmy Morgan is named Chief Commercial Officer, responsible for leading the commercial and business development for B&W’s ClimateBright(TM) and BrightLoop(TM) suite of products as well as select biomass and waste-to-energy projects that will leverage B&W’s new and emerging technologies. This a key role to drive growth from carbon capture and hydrogen technologies that will provide long-term revenue growth for B&W. Mr. Morgan has more than 31 years of large energy project experience including eight years with B&W where he has provided key leadership for a number of areas, including completing the challenging waste-to-energy projects in Europe.”