Newspaper article Pittsburgh Post-Gazette (Pittsburgh, PA)

Westinghouse Seeks Court OK to Reject Former Ceo's Employment Contract

Newspaper article Pittsburgh Post-Gazette (Pittsburgh, PA)

Westinghouse Seeks Court OK to Reject Former Ceo's Employment Contract

Article excerpt

Westinghouse Electric Co. is asking the bankruptcy court for permission to sever ties with its former CEO Danny Roderick by rejecting his employment contract.

Mr. Roderick, who advanced to a position with Westinghouse's parent company, Toshiba Corp., in June 2016, had the possibility of returning to the Cranberry-based nuclear firm after the Japanese engagement. But there already is a president and CEO at Westinghouse - Jose Emeterio Gutierrez - and Mr. Roderick, since before the March bankruptcy, "has not and will not provide services" to Westinghouse, according to the company's filing. It also said it doesn't want to be on the hook for his 10-year employment contract that runs through 2022.

This wouldn't be a surprise for Mr. Roderick, who already had filed a claim against Westinghouse for $24 million anticipating that the company would move to reject his contract. …

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