Nuclear Energy Institute (NEI) President and CEO Marvin Fertel has announced that he plans to retire from the trade organization at the end of 2016.
Fertel, 69, has headed the nuclear power trade group since 2009. He informed the NEI board of directors in May of his intention to retire.
The NEI executive committee is managing the search process for a new executive to lead NEI upon Fertel’s retirement, NEI said in a Dec. 17 news release.
At the formation of NEI in 1994, Fertel was vice president of nuclear economics and fuel supply. He was named senior vice president and chief nuclear officer in 2003. In that role, Fertel was responsible for leading NEI’s programs to ensure an effective and safety-focused regulatory process. He also directed industry-wide efforts to address generic technical issues related to commercial nuclear facilities.
Fertel has 35 years of experience consulting for electric utilities on issues related to designing, siting, licensing and managing both fossil and nuclear plants. He has worked in executive positions with such organizations as Ebasco, Management Analysis and Tenera. In November 1990, he joined the U.S. Council for Energy Awareness as vice president of Technical Programs.
In addition to professional accomplishments and having served on various advisory boards, Fertel is also well known for his personal style, NEI said in the news release.
“He is renowned within the nuclear energy industry for a work ethic marked by pre-dawn office arrivals, for his gregariousness and vast network of business contacts, and for his ability to enjoy a hearty laugh,” NEI said in the news release.
An online publication called CEO Update has reported that Fertel has a salary of roughly $2.3m.
In addition to Fertel, other senior staff officials listed on the NEI website include COO Maria G. Korsnick and nine individuals identified as vice presidents.
NEI is governed by a 52-member board of directors. The board includes representatives from the nation’s 25 nuclear utilities, plant designers, architect/engineering firms and fuel cycle companies.
Nineteen members of the board serve on the executive committee, which is responsible for NEI’s business and policy affairs.