Effective March 21, 2018, Babcock & Wilcox Enterprises, Inc. appointed Robert M. Caruso, a Managing Director of Alvarez & Marsal North America, LLC, to serve as Chief Implementation Officer, reporting directly to B&W’s board of directors. Mr. Caruso will work in tandem with B&W’s Chief Executive Officer, Leslie C. Kass, and his duties include assisting management in reviewing strategic options, developing the five-year business plan, identifying opportunities for cost savings initiatives, evaluating B&W’s cash flow forecast, and analyzing uses of working capital.