Author: Brenda Marie Rivers|| Date Published: June 19, 2020
Cobham’s advanced electronic solutions business has unveiled nine members of its board of directors five months after private equity firm Advent International acquired the U.K.-based aerospace and defense technology supplier.
CAES said Thursday its transition to a U.S.-focused ownership structure will allow the unit to pursue key government programs and core market segments.
The board includes CAES CEO Shawn Black; Robert Weiss, former executive vice president and general manager of Lockheed Martin’s (NYSE: LMT) Skunk Works innovation arm; and Mark Sirangelo, a former EVP at Sierra Nevada Corp.
CAES also appointed Chief Financial Officer Mark Santamaria and Shonnel Malani, an Advent managing director and Cobham board chairman.
Other appointees include Bob Hitt, chairman of Laird; Michael Marshall, a director at Advent; Wayne Berman, senior managing director at Blackstone; and retired U.S. Air Force Gen. Kevin Chilton.
“With a rich background in military and government leadership, cutting edge aerospace and defense technology, industrial manufacturing, and financial innovation, this team brings a strong combination of skills and experience to guide CAES to the next phase of its evolution," Black said.
He added that the business will explore "transformative operational and growth strategies, including technology investments and acquisitions, in our core markets of electronic warfare, radar, missile and space technologies."
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