Charles Peiffer, executive vice president and chief financial officer of PAE (Nasdaq: PAE), will assume additional responsibilities as interim president and CEO of the Falls Church, Virginia-based government services contractor starting Friday, March 19.
The company’s board will work with an executive search firm to help screen internal and external candidates as it looks for a permanent CEO.
Marshall Heinberg, chairman of the board of directors at PAE, said Peiffer has a deep understanding of PAE’s strategy, operations and business and is the ideal person to lead the company through the interim period as the board carries out its search process.
“We will continue to execute our strategy as we expand the business with a focus on high-margin contracts and enhance our capabilities, customer presence and contract vehicles,” said Peiffer.
Peiffer has been serving as EVP and CFO of PAE since 2014. He previously worked at IAP Worldwide Services as senior VP and CFO and at Fluid Technologies as VP of finance and CFO. He also held financial leadership positions at Lockheed Martin (NYSE: LMT), General Electric (NYSE: GE), Avaya Communications, Lucent Technologies, AlliedSignal and Martin Marietta (NYSE: MLM).