Neil Subin Resigns from Centrus Energy Board

Centrus Energy Corp (NYSE American: LEU) announced today that Neil S. Subin has decided to leave the company’s Board of Directors effective December 31, 2023.  Mr. Subin has served on the Board since 2017 and remains a major investor in the company.

“On behalf of the entire Board, I want to express our deepest thanks to Neil for his outstanding service to the company and the shareholders,” said Mikel Williams, Chairman of the Centrus Board of Directors. “I am grateful to have had the benefit of Neil’s expertise and insights for almost seven years, as we have worked with our management team to return the company to profitability and launch the first new U.S.-owned enrichment plant to start production since 1954, while providing strong returns to shareholders.”

“It has been an honor to serve alongside such a talented and committed group of leaders at Centrus,” said Subin. “After nearly seven years, I’m ready to focus on other challenges, but I leave the Board knowing that the company is in a much stronger position financially and is poised for continued growth with the resurgence in nuclear power in the years ahead.”

The Board’s Nominating Committee will commence a search for a replacement for Mr. Subin on the Board.

About Centrus Energy

Centrus Energy is a trusted supplier of nuclear fuel and services for the nuclear power industry. Centrus provides value to its utility customers through the reliability and diversity of its supply sources – helping them meet the growing need for clean, affordable, carbon-free electricity. Since 1998, the Company has provided its utility customers with more than 1,750 reactor years of fuel, which is equivalent to 7 billion tons of coal. With world-class technical and engineering capabilities, Centrus is also advancing the next generation of centrifuge technologies so that America can restore its domestic uranium enrichment capability in the future. Find out more at www.centrusenergy.com.