Incoming Westinghouse CEO resigns

The Westinghouse Electric Co. Board of Directors on April 3 said it accepted the resignation of Jim Ferland, previously announced as incoming president and chief executive officer (CEO) as of April 1, and that Chairman of the Board Shigenori Shiga would assume the role of president and CEO on an interim basis, effective immediately.

Shiga was appointed as the Board's chairman in 2010, and previously served as Toshiba's chief coordination officer since it acquired Westinghouse in 2006. Current Chief Operating Officer Ricardo Perez will maintain his current duties and assist Shiga during the search for a new president and CEO.

When called to provide more details, Westinghouse declined further comment.

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