Matthew Calderone, chief strategy officer of Booz Allen Hamilton (NYSE: BAH), will take over Lloyd Howell‘s responsibilities as chief financial officer following the latter’s decision to retire from the firm by the end of the year.
The incoming CFO will be tasked to help drive Booz Allen’s execution of its Velocity, Leadership and Technology or VoLT growth strategy and delivery of value to shareholders, Horacio Rozanski, president and CEO of Booz Allen, said in a statement published Wednesday.
“He brings the institutional and market leadership experience and insights required to accelerate into our next era,” added the two-time Wash100 Award recipient.
Calderone joined Booz Allen in 2000 as a management consultant. Since then, he has assumed several finance and strategy-related leadership roles of increasing responsibilities. The executive established and spearheaded the corporate development team as well as led strategic finance and forecasting, planning and analysis functions at the firm.
The appointment will take effect on Oct. 1 and Howell will continue serving as executive vice president for the remaining months of the year to help Calderone transition.
He has nearly three and a half decade career with Booz Allen and worked in a variety of roles that supported the firm’s expansion.
“Lloyd has helped to guide Booz Allen through a period of tremendous growth and transformation that delivered significant growth in shareholder value and strong returns,” Rozanski said about Howell.