Fluor exec steps in as NuScale Power CEO
By Erik Siemers
NuScale Power Corp. CEO John L. Hopkins
NuScale Power this week said an executive from its biggest investor, Fluor Corp., will take over as CEO.
John L. Hopkins will replace Paul G. Lorenzini, the Corvallis-based nuclear energy startup's co-founder and a former PacifiCorp executive who will stay on as a consultant.
Hopkins has been group executive for corporate development for Fluor (NYSE: FLR), a Texas-based engineering conglomerate with more than $23 billion in sales that last year invested $30 million to take a majority stake in NuScale.
NuScale is working toward getting federal design certification for its small, modular nuclear reactor technology. Lorenzini came out of retirement in 2007 to lead the company after it was formed from a technology transfer agreement with Oregon State University. The company employs 150 people across offices in Corvallis and Portland.
“The opportunity to grow NuScale to its current stature as a recognized global leader in (small modular reactor) technology has been a tremendous honor,” Lorenzini said in a news release. “John Hopkins’ proven leadership and his experience in global markets make him ideally suited to take the company forward.”
At Fluor, Hopkins led the company's Corporate Sales Board and oversaw account management, new ventures and government relations. He joined Fluor in 1984.
“As the person responsible for identifying the opportunity to invest in NuScale for Fluor, it is an honor to now lead the company,” Hopkins said in the news release. “NuScale has attracted exceptional talent and made tremendous progress in commercializing its technology. I am confident that NuScale will make a profound difference in global energy markets.”
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