Westinghouse Electric Corporation
Defunct American manufacturing company
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April 1 2025 | Dan Sumner takes over as interim CEO of Westinghouse Electric Company, succeeding Patrick Fragman |
November 2023 | The acquisition of Westinghouse Electric by Brookfield Renewable Partners and Cameco was completed, finalizing the ownership transfer. |
2022 | Westinghouse acquires BHI Energy. |
October 2022 | Brookfield Renewable Partners and Cameco announced the acquisition of Westinghouse Electric from Brookfield Business Partners in a US$7.9 billion deal including debt. Brookfield Renewable and its institutional partners will own a 51% interest in Westinghouse, while Cameco will own the remaining 49%. |
October 2022 | Westinghouse was selected to build Poland's first nuclear power plant, potentially consisting of three AP1000 reactors, with the possibility of three more in the future. |
2021 | ViacomCBS sold the Westinghouse licensing operation, including trademarks, directly to the now-independent Westinghouse Electric Corporation, ending their previous trademark licensing arrangement. |
2021 | Westinghouse acquires Canadian firm Laveer Engineering and 50% of Tecnatom. |
2020 | Westinghouse acquires U.K. Inspection Consultants Limited (InCon) and Rolls-Royce's nuclear services division. |
2019 | Viacom and CBS reunited as ViacomCBS (later renamed Paramount Global in 2022). |
2019 | Westinghouse acquires Canadian NA Engineering Associates. |
October 28 2019 | National Amusements approved the merger and announced the deal would close in early December. Following the merger, the recombined company would trade shares on Nasdaq under the symbols 'VIAC' and 'VIACA', after CBS Corporation delisted its shares from the New York Stock Exchange (NYSE). |
August 19 2019 | Patrick Fragman becomes CEO of Westinghouse Electric Company, succeeding José Emeterio Gutiérrez. |
August 13 2019 | CBS and Viacom officially announced their merger, with plans to create a combined company named ViacomCBS and Shari Redstone set to serve as chair. The merger was expected to close by the end of 2019, pending regulatory and shareholder approvals. |
July 31 2019 | José Emeterio Gutiérrez's tenure as CEO ends. |
March 12 2019 | CBS acquired the remaining share of TV Guide Network (Pop) from Lionsgate. |
2018 | Westinghouse extended the contract to supply VVER fuel to 2025 and started developing VVER-440 fuel under an EU-funded project. |
December 2018 | CBS Corporation sold Television City to Hackman Capital Partners for $750 million, with the buyer retaining rights to use the Television City name. |
May 23 2018 | Les Moonves stated he considered Viacom channels an 'albatross' and preferred alternative merger options like MGM or Lionsgate. |
May 14 2018 | CBS Corporation sued National Amusements, accusing Shari Redstone of abusing voting power and forcing an unwanted merger. |
April 6 2018 | Toshiba completed the sale of Westinghouse's holding company to Brookfield Business Partners for $4.6 billion, marking a significant ownership transition for the company. |
March 30 2018 | CBS made an all-stock offer to Viacom, slightly below market value, with Les Moonves insisting on maintaining existing leadership. |
January 12 2018 | CNBC reported that Viacom had re-entered talks to merge back into CBS Corporation, motivated by industry competition and potential content synergies. |
2017 | Westinghouse files for Chapter 11 bankruptcy. |
November 17 2017 | CBS Radio merged with Entercom (now Audacy, Inc.), with CBS shareholders holding controlling interest. |
November 17 2017 | CBS Corporation sold CBS Radio to Entercom, making Entercom the second-largest owner of radio stations in the United States. |
2016 | KFWB radio station was placed in a holding trust and later divested. |
December 12 2016 | The initial merger deal between CBS and Viacom was called off. |
September 29 2016 | National Amusements sent a letter to CBS Corporation and Viacom, encouraging the two companies to merge back into one company. |
June 2016 | José Emeterio Gutiérrez succeeds Danny Roderick as CEO. |
2015 | The European Union awarded $2 million in funding to a Westinghouse-led consortium to develop a more competitive fuel for Russian-built reactors. |
2015 | Westinghouse acquires CB&I Stone & Webster. Toshiba experiences an accounting scandal with overstated profits. |
2014 | Westinghouse acquires Mangiarotti. |
March 28 2014 | CBS Outdoor began trading as a separate company on the NYSE under 'CBSO'. |
March 26 2013 | CBS and Lionsgate entered a 50/50 joint venture to operate the TV Guide Network (TVGN) and TVGuide.com. |
February 14 2013 | CBS acquired a minority stake in AXS TV in exchange for programming and marketing. |
2012 | Westinghouse cut 200 jobs due to the Fukushima disaster, Germany's Energiewende, and low natural gas prices. |
September 2012 | Danny Roderick takes over as CEO from Shigenori Shiga. |
April 3 2012 | Shigenori Shiga becomes interim CEO after Jim Ferland's brief tenure. |
April 1 2012 | Jim Ferland becomes CEO, succeeding Aris Candris, serving for only 2 days. |
2010 | Westinghouse announced involvement in a new ultra-large forging press in the UK and took a major stake in Springfields Fuel Limited. The company also moved its world headquarters from Monroeville to Cranberry Township, Pennsylvania. |
This contents of the box above is based on material from the Wikipedia articles Westinghouse Broadcasting, Split of CBS Corporation and Viacom, Westinghouse Electric Company & CBS Corporation, which are released under the Creative Commons Attribution-ShareAlike 4.0 International License.