Babcock & Wilcox names CEO

Babcock & Wilcox Co. (NYSE: BWC) on April 4 said it has appointed E. James Ferland as president and CEO, effective April 19.

Ferland succeeds Brandon C. Bethards, who will be retiring from the company as president, CEO and director effective at the company’s annual meeting of stockholders, which is scheduled to be held on May 8.

Bethards will remain an advisor to the company for 12 months following the 2012 annual meeting to ensure a seamless transition, Babcock & Wilcox said in a news release.

In addition, Ferland has been appointed to the Babcock & Wilcox’s board of directors, effective upon becoming president and CEO.

Most recently, Ferland served as president of the Americas division at Westinghouse Electric Co., where he led the company’s efforts to build customer relationships, develop business plans, capture new markets, and deliver projects and products in North and South America.