John K. Welch is president and chief executive officer of USEC Inc. Mr. Welch joined USEC in October 2005. He also serves on the Company’s board of directors. Mr. Welch previously served as executive vice president of the Marine Systems Group at General Dynamics where he oversaw all operational aspects of four business units, including Electric Boat and Bath Iron Works. Prior to that, he held several executive positions over a 10-year period at Electric Boat, including five years as president. He most recently served as a consultant to several government and corporate entities in the areas of technology development and commercialization, program management, business process reengineering and strategic planning. Mr. Welch began his career as a submarine officer in the U.S. Navy. He went on to hold management positions with Advanced Technology, Inc. and General Physics Corporation before joining General Dynamics in 1989. Mr. Welch currently serves on the boards of Battelle Memorial Institute, the U.S. Naval Academy Foundation, the Nuclear Energy Institute (NEI) and the American Council on Global Nuclear Competitiveness. Mr. Welch received a master’s in business administration from Loyola College in Maryland, a master of science in aeronautical engineering from the Naval Postgraduate School in California, and a bachelor of science in aerospace engineering from the U.S. Naval Academy. He is a registered professional engineer in the state of Maryland.