Babcock & Wilcox Enterprises BW

Kenneth Young has served as Chief Executive Officer since November 2018 and Chairman since September 2020. He has more than 30 years of global operational, executive and director experience primarily within the energy, communications and finance industries. Known for strategic acumen and effective transformational leadership, Mr. Young is driving a turnaround at B&W, improving the company's profitability with solid increases in bookings, revenues and earnings, while reducing its senior debt by more than $200 million. He has led a number of acquisitions to expand the company's products and services portfolio, and successfully launched B&W's ClimateBright suite of technologies that are providing critical solutions to address global climate change goals, including B&W's innovative BrightLoop hydrogen production and decarbonization technology for power and industrial uses. Mr. Young previously served as President of B. Riley Financial, Inc., and Chief Executive Officer for B. Riley Principal Investments, a wholly owned subsidiary of B. Riley Financial. Before joining B. Riley, he held executive leadership positions with Lightbridge Communications Corporation (LCC), which was the largest independent telecom construction and services company in the world and a recognized leader in providing network services. Prior to joining LCC, Mr. Young held C-level positions within several of Liberty Media's subsidiaries. Prior to Liberty Media, Mr. Young held executive management positions within Cingular Wireless, SBC Wireless, Southwestern Bell Telephone and AT&T as part of his 16-year tenure within the now-combined AT&T Corporation. Mr. Young holds a Bachelor of Science in Computer Science from Graceland University and a Master of Business Administration from the University of Southern Illinois. Mr. Young has served on various boards for nine public companies.

Chris Riker has served as Executive Vice President and Chief Operating Officer since January 2025. He has also served as Senior Vice President, Thermal since August 2022 with responsibility for the Company's global thermal energy business. He has also served as Senior Vice President, Global Parts and Service from 2018 to 2022, where he led the worldwide parts and services business, and Vice President, Industrial Steam Generation from 2016 to 2018 where he had responsibility over the package boiler, pulp and paper and petrochemical businesses. Prior to that, he led the Finance organization for the former Global Services segment after serving as Controller for the Company's Diamond Power International, Inc. subsidiary. Chris first joined Babcock & Wilcox in the role of Manager of Internal Audit in 2010 after serving as a consultant with KPMG, LLP.

Cameron Frymyer has served as our Executive Vice President and Chief Financial Officer since January 2025. He has also served as Senior Vice President, Business Operations, of the Company since 2023. From 2020 to 2023, Mr. Frymyer served as Business Segment Chief Financial Officer for The Babcock & Wilcox Company and B&W SPIG subsidiaries. Prior to that, he was Vice President, Finance for The Babcock & Wilcox Company and B&W SPIG from 2016-2020. Mr. Frymyer also was Vice President, Finance for the Company's Power and Industrial Segments from 2015-2016 and Finance Director for the Company's Power segment and Controller for the Company's Global Power Division from 2012. Mr. Frymyer joined the Company in 1997.

Jimmy B. Morgan has served as our Chief Commercial Officer since January 2025. He served as Chief Operating Officer of The Babcock & Wilcox Company beginning in August 2020 and was additionally named Executive Vice President in January 2022. He has also served as Managing Director of the Babcock & Wilcox Volund subsidiary. Previously, Mr. Morgan served as Senior Vice President, Babcock & Wilcox, from January 2019 to August 2020. From December 2016 until January 2019, Mr. Morgan served as Senior Vice President, Renewable, with responsibility for the company's Babcock & Wilcox Volund subsidiary and for Babcock & Wilcox's operations and maintenance services businesses. From August 2016 to December 2016, he served as Senior Vice President, Operations. He was Vice President, Operations from May 2016 to August 2016 and was Vice President and General Manager of Babcock & Wilcox Construction Co., Inc. from February 2016 to May 2016. Before joining Babcock & Wilcox, he was President of Allied Technical Resources, Inc., a technical staffing company, from September 2013 to January 2016. Previous positions included serving as Chief Operating Officer with BHI Energy, Vice President of Installation and Modification Services with Westinghouse Electric Company, and as Managing Director for AREVA T&D. He began his career with Duke Energy.

Alan B. Howe has over 30 years of extensive hands-on operational expertise combined with corporate finance, business development and corporate governance experience. Mr. Howe has a broad business background and has been exposed to a wide variety of complex business situations within large corporations, financial institutions, start-ups, small-caps and turnarounds. Currently, Mr. Howe is Managing Partner of Broadband Initiatives, LLC, a small boutique corporate advisory firm that he manages since 2001. His specialty is providing board and C-level leadership working with small-cap and micro-cap companies (both public and private) particularly in turnaround situations. Mr. Howe has served both as a director and as a board chairman in over 29 public companies (and four private companies) in a variety of industries including telecom and wireless equipment, software, IT services, wireless RF services, manufacturing, semi-conductors, environmental technology and storage. In two situations, Mr. Howe was appointed interim CEO of turnarounds where he previously served on the board of directors. Mr. Howe currently serves as the Lead Independent Director for B&W and also a director of NextNav. In January 2025, he was elected to serve as a director for San Diego Rescue Mission, a not-for-profit company. In December of 2025, Mr. Howe was elected to the board of Scully Royalty. He earned a Bachelor's Degree in Business Administration and Marketing from the University of Illinois and a Master of Business Administration and Finance from Indiana University.

Joseph A. Tato is Senior Counsel with Taft Stettinius & Hollister and is responsible for project development and finance as well as energy transactional matters. Mr. Tato has significant leadership experience in the areas of energy and natural resources, infrastructure project development and finance, and has been counsel in some of the largest public private partnership transactions completed to date including energy and water projects in the U.S. and globally. Prior to joining Taft Stettinius & Hollister in 2026, from 2024 to 2025, Mr. Tato was Senior Counsel at Steptoe LLP and from 2020 to 2023, Mr. Tato was Partner at Covington & Burling, LLP and then Senior Counsel in 2024, responsible for Project Development & Finance, as well as a member of its Africa and Latin America Practice Groups. From 2012 to 2020, he was a Partner with DLA Piper, LLP, and Chair of Projects and Infrastructure, as well as Co-Chair of its Energy Sector and a member of its Africa Committee. Before that, from 1983 to 2012, Mr. Tato was an associate and since 1998 a Partner with LeBoeuf, Lamb, Greene, & MacRae, LLP (Dewey & LeBoeuf LLP), and served as Chair of Global Project Finance and its Africa Practice. He has served as Director, Cameroon Enterprises, since 2017. Additionally, he has served as Director, Covanta Energy Corporation, from 2000 to 2004, and as Assistant Secretary and Counsel to the Board of Directors of SITA U.S.A., a subsidiary of Suez, from 1996 to 1999.

Rebecca Stahl With 25 years' experience in finance and accounting, Rebecca Stahl serves as Chief Financial Officer of The Association For Manufacturing Technology (AMT), an organization that represents and promotes U.S.-based manufacturing technology and its members who design, build, sell, and service the industry. Before joining AMT, she held positions of increasing responsibility at Lightbridge Communications Corporation (LCC), a multinational wireless engineering company, including serving as Chief Financial Officer from 2008 to 2015. While at LCC, she led several financing rounds, senior bank refinancing and merger and acquisition transactions that led to an eventual sale of the company in 2015. Prior to LCC, Ms. Stahl was with BT Infonet, a multinational data communications company, as a senior finance professional supporting a $600 million operation. From 1998-2000, she served in corporate finance for The Walt Disney Company in Burbank, Calif. She started her career at Arthur Anderson LLP serving clients of public and private companies in the real estate and financial services industries. Ms. Stahl is a certified public accountant. She earned a Bachelor of Science in Accounting from The Pennsylvania State University, and a Master of Business Administration from the Anderson School of Management at the University of California Los Angeles, with an emphasis in Finance. Her professional affiliations include Women Corporate Directors, the American Institute of Certified Public Accountants and Virginia Society of Certified Public Accountants

Dr. Naomi Boness, (Ph.D.) is the Managing Director of the Center for Fuels of the Future at Stanford University. She is an experienced practitioner in the energy sector focused on using her background in geophysics and technoeconomic modeling to develop technology solutions related to natural gas, hydrogen and decarbonization in both the developed and developing world. In addition to her research, she teaches classes in earth science and energy engineering most recently co-designing a graduate class on the Hydrogen Economy. She also is passionate about connecting technology developers with industry to accelerate the deployment of new decarbonization technologies at scale. Prior to Stanford, Dr. Boness held a variety of technical and management positions at Chevron. She is on the board of directors at Aemetis, a renewable fuels company, and an advisor to a number of startups in the energy sector. Dr. Boness is a member of the Renewable Natural Gas Coalition Advisory Committee; a board member of the Energy Leadership Institute; a steering committee member of the OpenMinds Next Generation program; a member of the Partnership to Address Global Emissions Advisory Council; and a member of the Open Hydrogen Initiative Independent Expert Panel. As an advocate for women and gender equality, she also is an Ambassador for Women in Clean Energy, Education and Empowerment (C3E) Initiative. She previously served as an invited member of the United Nations Expert Group on Resource Classification; and a past Chair of the Society of Exploration Geophysicists Oil and Gas Reserves Committee. Dr. Boness holds a Doctorate in Geophysics from Stanford University, a Master's Degree in Geological Sciences from Indiana University and a Bachelor's Degree in Geophysics from the University of Leeds.

The Honorable Philip D. Moeller served as a Commissioner on the Federal Energy Regulatory Commission (FERC), ending his tenure as the second-longest serving member of the Commission. In office from 2006 until 2025, Mr. Moeller ended his service as the only Senate-confirmed member of the federal government appointed by both President George W. Bush and President Barack Obama. From 2016-2025, Mr. Moeller served as Executive Vice President, Business Operations Group and Regulatory Affairs at the Edison Electric Institute (EEI). EEI is the association that represents all of the nation's investor-owned electric companies. In his role at EEI, he had significant responsibility over a broad range of issues that affect the future structure of the electric power industry and new rules in evolving competitive market, including energy supply and finance, energy delivery, energy services, federal and state regulatory issues, and international affairs. Earlier in his career, Mr. Moeller headed the Washington, D.C. office of Alliant Energy Corporation. He also served as a Senior Legislative Assistant for Energy Policy to U.S. Senator Slade Gorton (R-WA), and as the Staff Coordinator of the Washington State Senate Energy and Telecommunications Committee in Olympia, Washington. Mr. Moeller received a Bachelor of Arts in Political Science from Stanford University.

Dr. Homaira Akbari, has been appointed to its Board, effective as of January 26, 2026. Dr. Homaira Akbari is an accomplished executive with experience and expertise across the energy sector, including baseload generation, fossil fuel and waste to energy technologies, environmental systems, hydrogen production, carbon capture, and emerging infrastructure such as AI factories and data centers. Dr. Akbari has served on approximately 25 public and private boards across five geographies, including Veolia Group, which designs and deploys solutions for the management of water, waste and energy. She currently serves on the board of Banco Santander (NYSE: SAN), Landstar System, Inc. (NASDAQ: LSTR), and the Telefonica Technology Advisory Board. Dr. Akbari has more than 12 years of experience as a CEO and profit-and-loss leader, along with 12 years of strategic and M&A advisory experience. She has held senior management roles in Fortune 1000 companies including Microsoft, Thales and Liberty Media, and served as member of B&W's Advisory Board from 2022 through 2025. As President and CEO of AKnowledge Partners, LLC., she provides hands-on advice to private equity portfolio companies and corporations regarding AI and data centers, power generation, cybersecurity, and the Internet of Things. She holds a Ph.D. in particle physics from Tufts University and an MBA from Carnegie Mellon Tepper School of Business. She holds two patents and serves as cybersecurity faculty for the DCRO Institute.