August 11, 2006
Norcross, Georgia—NAC International (NAC) today announced that Peter Walier, president, will be departing the company on August 18, 2006, to assume a senior leadership position outside of the nuclear industry. Walier became NAC’s president in December 2002 and led the company’s significant turnaround, which has produced three consecutive years of strong financial performance.

“Pete’s focus during his tenure has been to stabilize the company and re-establish its strong financial position, while leading NAC through the acquisition by, and the integration with, USEC Inc.,” said Kent Cole, NAC Vice President, Storage and Transportation Systems. “Pete has admirably and effectively completed these tasks with distinguished success.”

Consistent with NAC’s established succession plan, Cole will become president, effective upon Walier’s departure. Cole has been responsible for two of NAC’s key business units involving spent nuclear fuel storage systems and the global transportation of spent nuclear fuel using NAC’s fleet of commercial spent nuclear fuel transportation casks. Previously, he was employed by GE Nuclear Energy for 15 years, where he served in several leadership roles with increasing responsibility.

“Kent is committed to NAC’s current organization leadership, strategic objectives and plans, and to its customers,” said Walier. “He has the knowledge and experience to maintain the company’s high quality of performance and customer service.”

Since 1968, NAC has been a leader in providing solutions and services to the nuclear industry throughout the world, working with both government and commercial organizations. NAC specializes in nuclear fuel transport, spent fuel management technology, and fuel cycle consulting. NAC maintains its Corporate Headquarters in Norcross, Georgia, and has offices in Moscow; London; Tokyo; and Croton-on-Hudson, New York. NAC is a subsidiary of USEC Inc. (NYSE: USU), a leading supplier of enriched uranium fuel for commercial nuclear power plants.