Mercury Systems (Nasdaq: MRCY) has added GovCon industry veterans Howard Lance and Bill Ballhaus to its board of directors as part of cooperation agreements the defense and aerospace technology provider reached with two investors
Mercury said Friday the agreements with Jana Partners and Starboard Value called for the temporary expansion of its board of directors from nine members to 11 with the addition of two independent directors.
Citi and Goldman Sachs advised Mercury on the financial aspects of both pacts and Latham & Watkins served as legal counsel.
Lance, former president and CEO of Maxar Technologies (NYSE: MAXR), serves as managing director at advisory firm Lance Advisors and as non-executive chairman of Summit Materials and Change Healthcare. He previously held various leadership positions at Harris Corporation, Emerson Electric and Astec.
Ballhaus is the founder and chairman of business consulting firm MilestoneRoad Partners and executive chairman at payments software provider Government Brands. He formerly served as CEO of Blackboard, SRA International and DynCorp International.