SAN DIEGO, Feb. 19, 2018 /PRNewswire/ --Cubic Corporation
(NYSE:CUB) today announced its board of directors has elected
president and chief executive officer, Bradley H. Feldmann as chairman of the board.
Feldmann succeeds Walter C. Zable,
who has served on the board of directors since 1976 and held the
position of chairman for the past five years.
"Brad has clearly demonstrated the leadership and vision
necessary to drive and achieve Cubic's growth strategy," said
Edwin A. Guiles, lead independent
director. "We look forward to his continued ability in delivering
superior value to our shareholders in his new role on the
Board."
Since being appointed president and CEO, Feldmann has
spearheaded the company's strategic growth plan targeted at
Winning the Customer, building the defense and
transportation businesses and growing its offerings in the emerging
Command, Control, Communications, Computers Intelligence,
Surveillance and Reconnaissance market at the edge of the
battlefield.
Under his leadership, Cubic ended fiscal year 2017 with record
sales and the highest backlog in company history. This success was
attributed by major contract wins in New
York and Boston to deliver
next-generation fare payment systems; continued support of U.S.
Army's Joint Readiness Training Center in Fort Polk, Louisiana; and the full-rate
production of the GATR satellite antenna system under the
Transportable Tactical Command Communication (T2C2) award from the
U.S. Army. Additionally, with Feldmann's guidance, Cubic took
important steps to implement the rollout of a Global Enterprise
Management initiative to transform the company's global IT
infrastructure into a scalable and effective system.
Feldmann became president and chief executive officer of Cubic
Corporation in July 2014 and was
appointed to the board of directors in May
2014. Previously, he served as Cubic's president and chief
operating officer and was also the president of Cubic's Defense
Systems segment for five years. Feldmann becomes Cubic's third
chairman in the company's 67-year history.
About Cubic Corporation
Cubic is a market-leading, technology provider of integrated
solutions that increase situational understanding for
transportation, defense C4ISR and training customers worldwide to
decrease urban congestion and improve the militaries' effectiveness
and operational readiness. Cubic Transportation Systems is a
leading integrator of payment and information technology and
services to create intelligent travel solutions for transportation
authorities and operators. Cubic Mission Solutions provides
networked Command, Control, Communications,
Computers, Intelligence, Surveillance and Reconnaissance
(C4ISR) capabilities for defense, intelligence, security and
commercial missions. Cubic Global Defense is a leading provider of
live, virtual, constructive and game-based training solutions,
special operations and intelligence for the U.S. and allied forces.
For more information about Cubic, please visit the company's
website at www.cubic.com or on Twitter
@CubicCorp.
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SOURCE Cubic Corporation