Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com), a leader in
trusted, secure mission-critical technologies for aerospace and
defense, today announced that Debora A. Plunkett, former director
of information assurance at the National Security Agency, was
elected to its Board of Directors at the annual meeting of
shareholders.“We are very pleased to announce that Debora has
joined our Board of Directors, where her extensive experience in
cyber and national security, as well as information assurance, will
be an excellent addition especially as we continue Mercury’s
digital transformation,” said Mark Aslett, president and chief
executive officer of Mercury Systems. “We look forward to
benefitting from her insights and expertise as we continue to
deliver on our purpose of Innovation That Matters By and For People
Who Matter.”
Mercury also announced that Vincent Vitto, Chairman of the
Board, retired from the Board effective with the annual meeting on
October 27, 2021, and current director, William K. O’Brien has been
appointed as new Chairman. Mr. Vitto, the former President and CEO
of the Charles Stark Draper Laboratory and former Vice Chairman of
the Defense Science Board, joined the Mercury Board in 2006. He was
elected Chairman of the Board in 2010 and has chaired the
Nominating and Governance Committee. Mr. O’Brien, former Chairman
of Enterasys Networks, has served on the Mercury Board of Directors
since 2008, including as Chairman of the Audit Committee. He has
thirty-three years of experience in auditing and professional
services at PricewaterhouseCoopers including serving as global
managing partner of PwC.
“Vince’s contributions to Mercury have been significant and
meaningful,” continued Aslett. “His extensive knowledge of the
aerospace and defense industry and his passion for innovation have
helped guide our growing business. We valued Vince’s deep
technology expertise, leadership and insights in shaping and
building Mercury to the $1 billion company we are today. We’ll miss
his counsel and unwavering support of our mission. I look forward
to working with Bill in his new role as Chairman.”
With the election of Ms. Plunkett and the retirement of Mr.
Vitto, the Board will consist of nine members, eight of which are
independent directors.
“I'm thrilled to join Mercury’s Board at such an exciting time,”
said Ms. Plunkett. “I’m eager to get to work with my fellow Board
members and the executive team to help fulfill Mercury’s vision of
making trusted secure mission critical technologies profoundly more
accessible to aerospace and defense.”
A former Director of Information Assurance at the National
Security Agency, Ms. Plunkett has more than 30 years of experience
in cybersecurity and is currently Principal of Plunkett Associates
LLC, a consulting business. She is a Senior Fellow at Harvard’s
Belfer Center and an Adjunct Professor of Cybersecurity at the
University of Maryland. Ms. Plunkett served on the National
Security Council at the White House in the Administrations of
Presidents Clinton and George W. Bush where she developed national
cybersecurity policies and programs.
Ms. Plunkett serves on the boards of CACI International,
Nationwide Insurance and BlueVoyant. She is also is a founding
member and Chairman of the Board of Defending Digital Campaigns, a
non-profit entity focused on providing free or low-cost
cybersecurity services to federal election campaigns.
Mercury envisions, creates and delivers innovative technology
solutions purpose-built to meet their customers’ most pressing
high-tech needs. For additional information, visit mrcy.com, or
contact Mercury at (866) 627-6951 or info@mrcy.com.
Mercury Systems – Innovation That Matters®
Mercury Systems is a global commercial technology company serving
the aerospace and defense industry. Headquartered in Andover,
Mass., the company delivers trusted, secure open architecture
processing solutions powering a broad range of mission-critical
applications in the most challenging and demanding environments.
Inspired by its purpose of delivering Innovation that Matters, By
and For People Who Matter, Mercury helps make the world a safer,
more secure place for all. To learn more, visit mrcy.com, or follow
us on Twitter.
Forward-Looking Safe Harbor StatementThis press
release contains certain forward-looking statements, as that term
is defined in the Private Securities Litigation Reform Act of 1995,
including those relating to the products and services described
herein and to fiscal 2022 business performance and beyond and the
Company’s plans for growth and improvement in profitability and
cash flow. You can identify these statements by the use of the
words “may,” “will,” “could,” “should,” “would,” “plans,”
“expects,” “anticipates,” “continue,” “estimate,” “project,”
“intend,” “likely,” “forecast,” “probable,” “potential,” and
similar expressions. These forward-looking statements involve risks
and uncertainties that could cause actual results to differ
materially from those projected or anticipated. Such risks and
uncertainties include, but are not limited to, continued funding of
defense programs, the timing and amounts of such funding, general
economic and business conditions, including unforeseen weakness in
the Company’s markets, effects of epidemics and pandemics such as
COVID, effects of any U.S. federal government shutdown or extended
continuing resolution, effects of continued geopolitical unrest and
regional conflicts, competition, changes in technology and methods
of marketing, delays in completing engineering and manufacturing
programs, changes in customer order patterns, changes in product
mix, continued success in technological advances and delivering
technological innovations, changes in, or in the U.S. Government’s
interpretation of, federal export control or procurement rules and
regulations, changes in, or in the interpretation or enforcement of
environmental rules and regulations, market acceptance of the
Company’s products, shortages in components, production delays or
unanticipated expenses due to performance quality issues with
outsourced components, inability to fully realize the expected
benefits from acquisitions, restructurings and value creation
initiatives such as 1MPACT, or delays in realizing such benefits,
challenges in integrating acquired businesses and achieving
anticipated synergies, increases in interest rates, changes to
industrial security and cybersecurity regulations and requirements,
changes in tax rates or tax regulations, changes to interest rate
swaps or other cash flow hedging arrangements, changes to generally
accepted accounting principles, difficulties in retaining key
employees and customers, unanticipated costs under fixed-price
service and system integration engagements, and various other
factors beyond our control. These risks and uncertainties also
include such additional risk factors as are discussed in the
Company’s filings with the U.S. Securities and Exchange Commission,
including its Annual Report on Form 10-K for the fiscal year ended
July 2, 2021. The Company cautions readers not to place undue
reliance upon any such forward-looking statements, which speak only
as of the date made. The Company undertakes no obligation to update
any forward-looking statement to reflect events or circumstances
after the date on which such statement is made.
CONTACTRobert McGrail, Director of
Corporate CommunicationsMercury Systems Inc.+1 (978)
967-1366 | robert.mcgrail@mrcy.com
Mercury Systems and Innovation That Matters are registered
trademarks of Mercury Systems, Inc. Other product and company names
mentioned may be trademarks and/or registered trademarks of their
respective holders.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/6bfebf63-40b5-4514-9e5b-81b684754645
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