Tetsuo Iguchi
CENTRUS ENERGYAbout Tetsuo Iguchi
Tetsuo Iguchi, age 58, has served on Centrus Energy’s Board since 2017 as the Investor‑Designated Director elected by holders of Class B common stock; he is Senior Vice President of Government Relations and Corporate Communications and General Manager of Toshiba America, Inc.’s Washington, D.C. office, with prior roles in Toshiba’s Nuclear Division and Fukushima Daiichi restoration efforts; he previously served as a Visiting Fellow at CSIS . The Board has determined Mr. Iguchi is not independent under NYSE American standards; he abstains from voting on any matters involving Toshiba and its affiliates .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Toshiba (Nuclear Division) | Overseas Sales & Marketing; Mount Fuji project team (Fukushima Daiichi restoration) | Not disclosed; prior to Jul 2012 | Nuclear industry/commercial experience; crisis restoration work |
| Toshiba Corp | Assistant General Manager, Corporate Government & External Relations Division | Appointed Jul 2012 | Government/external relations leadership |
| Toshiba America, Inc. | VP, Government & Industry Relations; Deputy GM, Washington DC office | Transferred Jan 2013 | U.S. government/industry engagement; later senior leadership |
| Toshiba America, Inc. | Senior VP, Government Relations & Corporate Comms; GM, Washington DC office | Current | Oversees U.S. GR and communications strategy |
| Center for Strategic & International Studies (CSIS) | Visiting Fellow | Not disclosed | Policy engagement; thought leadership |
External Roles
| Organization | Role | Status | Notes |
|---|---|---|---|
| Toshiba America, Inc. | Senior VP, Government Relations & Corporate Communications; GM DC office | Current | Nuclear/energy policy interface; corporate communications |
| CSIS | Visiting Fellow | Prior | National security/industrial policy exposure |
Board Governance
- Election mechanism: Class B stockholders elect one Investor‑Designated Director; Class B holders maintained rights as of Apr 25, 2025 (TAES held 718,200 of 719,200 Class B shares) .
- Independence: Not independent (Board determination Mar 2025); independent directors include Williams, Rothrock, Jonas, O’Sullivan, Donald; Vexler, Madia, and Iguchi are not independent .
- Committees: Mr. Iguchi does not serve on any standing committees; he did not serve on any in 2024 .
- Attendance: Board held 12 meetings in 2024; all directors attended ≥75% of Board and applicable committee meetings; all directors except Rothrock attended the 2024 annual meeting, indicating Iguchi attended .
- Executive sessions: Non‑management directors met in executive session in 2024; Chairman Mikel Williams presided .
Fixed Compensation
| Component | Amount/Status | Notes |
|---|---|---|
| Annual cash retainer | Not paid | Investor‑Designated Director does not receive director compensation; eligible for expense reimbursement |
| Committee membership fees | Not paid | No committee service |
| Chair fees | Not paid | Not applicable |
| Meeting fees | Not disclosed | Not part of standard arrangement |
| Expense reimbursement | Eligible | Reasonable expenses reimbursed |
Performance Compensation
| Component | Grant details | Vesting/Performance Metrics |
|---|---|---|
| Equity awards (RSUs/PSUs) | Not granted | Investor‑Designated Director does not receive director equity compensation from Centrus |
No LEU equity awards, options, or performance‑based director compensation are disclosed for Iguchi; as a Class B Investor‑Designated Director, he is outside the Company’s non‑employee director compensation program .
Other Directorships & Interlocks
| Company/Entity | Role | Interlock/Conflict Potential | Mitigation |
|---|---|---|---|
| Toshiba America, Inc. | Senior VP; GM DC office | Toshiba is a significant nuclear/energy player; Class B holder (TAES) designates Iguchi | Iguchi abstains from any matters involving Toshiba and affiliates |
No current public company directorships are disclosed for Iguchi beyond his Centrus role .
Expertise & Qualifications
- Nuclear industry exposure via Toshiba’s Nuclear Division and Fukushima Daiichi restoration; government relations expertise leading Toshiba’s U.S. office and corporate external relations .
- Policy and strategic insight through CSIS fellowship; deep engagement with U.S. government stakeholders .
Equity Ownership
| Holder | Shares Beneficially Owned | % of Class A Outstanding | Notes |
|---|---|---|---|
| Tetsuo Iguchi | 0 | 0% | No RSUs/options disclosed for Iguchi; directors elected by Class A shareholders are subject to ownership guidelines, which do not explicitly apply to Class B Investor‑Designated Director . |
- Stock ownership guidelines: Directors elected by Class A shareholders must hold stock ≥3× annual directors’ cash retainer; until met, they must retain ≥50% of shares from awards granted after guideline adoption (2021). This policy is defined for Class A directors; Investor‑Designated Director status indicates non‑applicability in practice .
Governance Assessment
- Alignment and incentives: Iguchi receives no LEU director compensation or stock, limiting direct pay‑based alignment with Class A shareholders but reducing monetary conflicts; lack of equity stake may weaken “skin‑in‑the‑game” relative to Class A directors who receive RSUs and have ownership guidelines .
- Independence and conflicts: Not independent; designated by Class B holder tied to Toshiba; explicit abstention from Toshiba‑related matters is an important mitigation, but structural affiliation remains a potential conflict vector requiring continued monitoring .
- Board effectiveness: No committee memberships limit direct involvement in audit, compensation, technology/regulatory, or cyber risk oversight; however, attendance met Board expectations in 2024 and he attended the annual meeting, supporting baseline engagement .
- Company‑level safeguards: Robust related‑party transaction review by CN&G Committee; clawback policies; hedging/pledging prohibitions; independent compensation consultant (WTW) for executive and director programs—all positive governance controls at the company level .
Red flags to watch
- Not independent and investor‑designated by a strategic corporate holder (Toshiba/TAES) .
- No equity ownership or RSU participation at Centrus (reduced ownership alignment relative to Class A directors) .
- No committee assignments (limited role in core oversight areas) .
Mitigants
- Formal abstention on Toshiba‑related matters .
- Company’s related‑party transaction policy and CN&G oversight .
- Board has a majority of independent directors and independent committees .