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Babcock & Wilcox Enterprises has created a new chief commercial officer position and shifted a number of top executives in restructuring following last year’s split from the old Babcock & Wilcox Co. Meanwhile, a William Blair analyst reporting on recent meetings with top B&W (BW) executives says acquisitions — particularly in its industrial line of businesses — remain a top priority for B&W. While the company has just $65 million in cash and cash equivalents on hand, free cash flow in 2017 is expected to be strong and will provide ready capital for additional purchases. Paul Scavuzzo, who had run B&W’s renewable energy operations for several years, has been appointed to the new chief commercial officer position.
Chairman and CEO of Babcock & Wilcox Enterprises Inc (NYSE:BW) E James Ferland Jr bought 15,000 shares of BW on 11/07/2016 at an average price of $13.81 a share.