This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

USEC Announces Organizational Changes

USEC Inc. (NYSE:USU) today took initial steps in its previously announced process to change its organizational structure in order to better align its management team and workforce with the Company’s future business environment. Two senior vice presidents will leave the company in the near term, and changes will occur to the reporting structures of several headquarters functions.

Lance Wright, senior vice president of human resources and administration, will turn over duties for that position effective April 2 to focus until his retirement in May on the organizational structure review effort now under way. Christine Ciccone, senior vice president of external relations, is leaving the company effective April 13.

USEC announced last month that in early 2012 an internal review of its organizational structure began, and the Company had engaged a management consulting firm to support this review. Among the goals of the review are reduced costs, a consolidation of functions to align with future operations, clear lines of responsibility and fewer layers of management.

“USEC is taking the necessary steps to evolve from our legacy operations to position the Company to reduce costs and improve our competitive profile,” said John Welch, president and chief executive officer. “In this year of transition, we will become a company with a cost structure and staff that is in alignment with the work we have before us. As the company gets smaller, we need to consolidate functions and streamline activities while remaining focused on delivering quality products to our customers.

“Lance Wright’s years as an effective leader of the human resources and administration function makes him uniquely qualified to help complete the first phase of the organizational review now underway,” Welch said. “Christine Ciccone has my personal thanks for her skilled oversight of our external relations functions and her capable management of complex issues before the government and other external stakeholders.”

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 18,232.02 -53.72 -0.29%
S&P 500 2,126.06 -4.76 -0.22%
NASDAQ 5,089.3620 -1.4320 -0.03%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs