Yesterday, Inc. 5000 management and technology consulting firm Johnston McLamb announced that David Acton has been named its new chief financial officer. Acton comes to the Chantilly-based firm from Edge Technologies, Inc., where he held the same title. At Edge Technologies, he directed daily operations of treasury, accounting, budget, tax and audit activities for the IT consulting and software development firm. And prior to that, Acton enjoyed success as vice president and controller of A-TEK, Inc., an IT professional services firm whose revenue grew more than $15 million during his two-year tenure.
Acton’s experience as a CFO for government contractors should serve him well at Johnston McLamb. He has over eighteen years of progressive experience in Generally Accepted Accounting Principals (GAAP), including a detailed knowledge of the Federal Acquisition Regulations (FAR) and Cost Accounting Standards (CAS). He has also implemented internal control processes proven effective in audits performed by external accounting firms and the Defense Contract Audit Agency.
“David has a proven track record in helping growing federal contractors achieve success, ” said vice president and chief operating officer Wendy Henry. “He will play an essential role in our strategic goal of increasing the federal sector business, particularly with his broad knowledge of pricing, contract proposals, negotiating and winning contracts, post-award performance, compliance issues and managing financial profitability.”
“In addition to the company’s dramatic growth, I have been impressed with the sense of teamwork and the vibrant and energetic culture at Johnston McLamb, ” said Acton. “It is clear that everyone is working together to propel the company to the next level. I’m excited to apply my background to help Johnston McLamb continue to grow efficiently and profitably in the government and commercial sectors. A firm and current knowledge of the complexities of this landscape is critical.”