Nuclear Regulatory Commission Puts CFO on Leave

Named to the NRC last June, the finance chief exits temporarily for unexplained reasons.
David KatzMarch 7, 2008

The U.S. Nuclear Regulatory Commission has placed its CFO, William McCabe, on leave for a number of weeks. McCabe was tapped as the reactor-licensing commission’s finance chief last June after a five-year stint at the Department of Education that included service as the department’s acting finance chief.

An NRC spokeswoman, who said she didn’t know the reason for the move and that the commission hadn’t issued a press release on the departure, told Friday that McCabe “wouldn’t be back for a couple of weeks.” A person who picked up his phone at the commission confirmed he had left.

The Website of Platts, a provider of energy information, reported on Thursday that the finance chief had been placed on paid administrative leave. Until the matter is resolved, James Dyer, director of the NRC Office of Nuclear Reactor Regulation, will be the acting CFO, according to the information provider, which noted the acting CFO post has been vacant for a while. As of Friday, McCabe had been removed from the NRC Website, with Dyer listed as acting director.

The 7 Habits of Highly Effective CFOs

The 7 Habits of Highly Effective CFOs

Download our whitepaper to discover the technical and behavioral skills needed to lead your business forward.

McCabe’s professional career began. in 1978 as a financial analyst at Singer Corp. In 1981 he joined MITRE Corp., where he spent 15 years in a number of posts, including budget administrator, finance supervisor, and director of corporate finance and general accounting. In 1996 he joined Oracle Corp. as financial-solutions architect, and inn 2002 he served as a senior manager for financial solutions at KPMG. McCabe, who had served in various senior roles at the DoE since 2002, was named acting CFO of the department in March 2006 by President Bush.

4 Powerful Communication Strategies for Your Next Board Meeting