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B&W Announces Retirement of Power Generation Group President; Names J. Randall Data Successor

29 February 2012

The Babcock & Wilcox Company (B&W) (NYSE: BWC) announced today that Richard L. Killion, 64, President and Chief Operating Officer of Babcock & Wilcox Power Generation Group, Inc. (B&W PGG) will retire effective July 1, 2012. In addition, J. Randall (Randy) Data, 46, is named President and Chief Operating Officer of B&W PGG, effective April 1, 2012. To help ensure a smooth transition, Mr. Killion will serve in an advisory role to B&W PGG beginning April 1 until his retirement.

"I am proud to have served as head of B&W PGG, a leading power generation provider to the global utility and industrial industries," Mr. Killion said. "I have the highest confidence in my successor and in the entire leadership team, and I am pleased that we have a strong strategic plan in place to ensure we continue to provide high-quality products and services to our customers and value to B&W's shareholders. I am committed to working with Randy and his team to ensure a smooth transition over the coming months until my retirement.

"My tenure at B&W has been a personally rewarding experience particularly because of the many dedicated and talented people I have worked with and the many successes we have shared through the years," Mr. Killion concluded.

"I want to personally thank Rich for his service and leadership with the Company," Mary Pat Salomone, Senior Vice President and Chief Operating Officer of B&W, said. "Rich is leaving B&W PGG well positioned to take advantage of the significant market opportunities in front of it and to provide our customers with the high-value-added products and services they have come to expect when working with us."

Mr. Data most recently served as Vice President and General Manager of B&W PGG's Fossil Power Division. In this position, Mr. Data directed the worldwide operations of the Company's fossil power business, which includes new-build steam generators and environmental products and services, international joint ventures, licensing, and service projects, and B&W Vølund, a B&W PGG subsidiary in Denmark. Previously, Mr. Data was Vice President of Steam Generating Systems where he managed the new fossil boiler business segment worldwide and the Company's international joint ventures.

Mr. Data joined B&W in 1988 as a Manufacturing Engineer in the Company's domestic fabrication facilities. Throughout his career, he has held a variety of positions of increasing responsibility within the engineering department, focusing on proposal and project execution activities for the Company's boiler and environmental product lines.

Mr. Data earned a bachelor's degree in engineering from Penn State University and a master's of business administration from Kent State University.

About B&W PGG

Babcock & Wilcox Power Generation Group, Inc. is a subsidiary of The Babcock & Wilcox Company. B&W PGG designs, manufactures and constructs power generation, environmental, and clean energy solutions for utilities and industry around the world. B&W PGG is headquartered in Barberton, Ohio.

About B&W

Headquartered in Charlotte, N.C., The Babcock & Wilcox Company is a leader in clean energy technology and services, primarily for the nuclear, fossil and renewable power markets, as well as a premier advanced technology and mission critical defense contractor. B&W has locations worldwide and employs approximately 12,700 people, in addition to approximately 10,400 joint venture employees. Learn more at www.babcock.com.

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