Centrus Energy Corp. (NYSE American: LEU) has announced that Todd Tinelli will be joining the company as the Senior Vice President, Chief Financial Officer (CFO), and Treasurer, effective August 11. He will be taking over from Kevin Harrill, who has had a successful four-year tenure as CFO and earlier as Chief Accounting Officer. To ensure a smooth transition, Harrill will remain with the company through August 29.
Tinelli brings over 20 years of experience in the energy industry, including leadership and executive-level finance and strategic operational roles. He will be responsible for overseeing Centrus' financial operations, enterprise-wide optimization and capital allocation activities. Centrus President and CEO Amir Vexler expressed his excitement at partnering with Tinelli, citing his successful track record in business leadership and strategic accomplishments across finance and operational roles. Vexler also acknowledged Harrill's instrumental role in guiding the company's finances through seismic industry shifts and global policy changes, including the challenges posed by the global pandemic.
Tinelli, in his statement, expressed his excitement and honor in joining Centrus as it continues its important mission for the global nuclear market and the country. Harrill, on the other hand, expressed confidence in the company's readiness to take the next step toward large-scale production of enriched uranium.
Tinelli most recently served as Chief Financial Officer of Sprague Resources LP, a multinational subsidiary of Hartree Partners LP, where he was responsible for strategic formation and execution of all capital structures for a growing and acquisitive $4 billion-dollar trading and marketing company. He also oversaw all accounting and back-office support functions during his 18-year tenure.
Centrus Energy is a trusted American supplier of nuclear fuel and services for the nuclear power industry and has provided its utility customers with more than 1,850 reactor years of fuel since 1998. The company is pioneering the production of high-assay, low-enriched uranium and is leading the effort to restore America's uranium enrichment capabilities at scale. Following these announcements, the company's shares moved -6.69%, and are now trading at a price of $219.2124. Check out the company's full 8-K submission here.
