Babcock & Wilcox Announces $500,000 Severance and Consulting Deal for Departing Executive

Reuters
01/13
Babcock & Wilcox Announces $500,000 Severance and Consulting Deal for Departing Executive

Babcock & Wilcox Enterprises Inc. has announced new compensation terms for outgoing Executive Vice President, General Counsel & Corporate Secretary John Dziewisz, who will leave the company after 30 years of service on May 31, 2026. Under a Separation Agreement, Dziewisz will receive $500,000 in severance pay distributed over a year, accelerated vesting of previously awarded restricted stock units and cash retention bonuses, one year of outplacement services, and company-paid healthcare premiums under COBRA for three months. He will also remain entitled to payment of any annual bonus and long-term cash incentive awards earned based on 2025 performance. Additionally, Dziewisz will provide transition consulting through December 31, 2026, for a monthly fee of $20,000.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Babcock & Wilcox Enterprises Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-002884), on January 12, 2026, and is solely responsible for the information contained therein.

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