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Westinghouse CEO Refutes Bloomberg Report

2016-03-18 14:12 | Westinghouse Electric Company LLC

PITTSBURGH--(Business Wire/Korea Newswire) March 18, 2016 -- Today Westinghouse President and CEO Danny Roderick issued the following statement to refute the Bloomberg News article that implies that Westinghouse’s finances are under government investigation.

“Westinghouse strongly refutes Bloomberg’s recent reporting about being possibly investigated by government agencies. The headline and article were factually inaccurate and reckless.

“There was nothing new in the article. Westinghouse has been transparent and cooperative with the independent investigation committee. According to the independent report cited in the article, no accounting irregularities have been found in Westinghouse’s accounting. To our knowledge, Westinghouse financial reporting is not under investigation.

“Bloomberg has done journalism and free speech a disservice by citing unnamed sources and speculating. This poor ‘reporting’ has had a dramatic impact on Toshiba shareholders and Westinghouse customers throughout the world.”

To learn more about Westinghouse Electric Company and our 130-year history of innovation visit our website.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160317006315/en/

News Source: Westinghouse Electric Company LLC

Westinghouse Electric Company
Director, Press Relations and Public Affairs
Courtney Boone
+1 412-374- 2707
booneca@westinghouse.com

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