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USEC Announces Organizational Changes

Stocks in this article: USU

Richard Rowland, corporate director of human resources, will become USEC’s principal human resources executive effective April 2, reporting directly to Welch. The information technology and corporate security functions that previously reported to Wright will now report, respectively, to the chief financial officer and the senior vice president of uranium enrichment.

The government relations function previously directed by Ciccone will now report to the general counsel and secretary. Corporate communications will now report to the CEO.

USEC Inc., a global energy company, is a leading supplier of enriched uranium fuel and nuclear industry related services for commercial nuclear power plants.

Forward Looking Statement

This news release contains “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934 – that is, statements related to future events. In this context, forward-looking statements may address our expected future business and financial performance, and often contain words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “will” and other words of similar meaning. Forward-looking statements by their nature address matters that are, to different degrees, uncertain. For USEC, particular risks and uncertainties that could cause our actual future results to differ materially from those expressed in our forward-looking statements include, but are not limited to: risks related to the ongoing transition of our business and the impact of decisions we may make in the near term on our business and prospects; the timing and impact of any actions taken by the Company to reduce its cost structure and the Company’s ability to achieve any anticipated cost reductions; and other risks and uncertainties discussed in our filings with the Securities and Exchange Commission, including our annual report on Form 10-K which is available on our website at www.usec.com. We do not undertake to update our forward-looking statements except as required by law.



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