Business
Mercury Systems Announces Appointments of Chief Financial Officer and Independent Director
Finance and Technology Leader, David Farnsworth, Named CFOFormer Chairman and CEO of Leidos, Roger Krone, Appointed to Board ANDOVER, Mass., June 29, 2023
About this update from Mercury Systems Inc
[{"type":"text","content":"Finance and Technology Leader, David Farnsworth, Named CFOFormer Chairman and CEO of Leidos, Roger Krone, Appointed to Board ANDOVER, Mass., June 29, 2023 (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com), a technology company that delivers processing power for the most demanding aerospace and defense missions, today announced the continuation of its previously announced Board of Directors and leadership refreshment process, with the appointments of: David Farnsworth as Chief Financial Officer, effective July 17, 2023. Mr. Farnsworth brings decades of experience as a financial expert within the technology defense industry. He was previously the CFO of HawkEye 360, and prior to that, Vice President and CFO of Raytheon’s Integrated Defense Systems business and its Intelligence, Information and Services segment.Roger Krone, former Chairman and Chief Executive Officer of Leidos, as an independent director, effective June 28, 2023. He will also serve as a member of the Board’s Nominating and Governance Committee. Mr. Krone is an experienced public company director, currently serving on the Board of Lear Corporation and previously serving on the Boards of BorgWarner and United Launch Alliance. William K. O’Brien, Chairman of the Board, said, “Roger’s appointment, coupled with the recent addition of Jerry DeMuro, brings immense industry expertise and proven track records of strategic oversight and growth to our boardroom. As the Board continues to oversee the refinement and implementation of the Company’s strategy, Jerry and Roger’s respective experience will be invaluable to our efforts.” Bill Ballhaus, Interim President and Chief Executive Officer, said, “David is a standout leader with deep program knowledge and insight, and a successful track record that demonstrates his ability to deliver results while leading sophisticated financial operations. We are excited for him to bring his passion for the customer to Mercury as we enhance our focus on operational excellence and execution of our strategy. The Board, leadership team and I are greatly appreciative of the support provided by Michelle McCarthy in recent months as she seamlessly stepped into the role of Interim CFO, and we look forward to continuing to work closely with her.” Mr. Farnsworth said, “Mercury is embarking on an important and exciting next chapte...