Mercury Systems, Inc., (NASDAQ: MRCY, www.mrcy.com), a leader in
trusted, secure mission-critical technologies for aerospace and
defense, today announced that Thomas Huber has joined the Company
as executive vice president and chief transformation officer,
effective Sept. 7, 2021. Reporting to Mark Aslett, Mercury’s
president and chief executive officer, Mr. Huber will lead the
Company’s 1MPACT strategic value creation initiative announced in
its fourth-quarter fiscal 2021 earnings release.
“I am thrilled to welcome Thomas to Mercury’s executive
leadership team,” said Aslett. “He is a proven senior executive
with extensive experience in driving enterprise value for Fortune
500 companies. His expertise in large-scale transformations and
operations will help lay the foundation for our next phase of value
creation, with a goal of achieving Mercury’s full growth, margin
expansion and adjusted EBITDA potential over the course of the next
five years. As 1MPACT efforts progress, Thomas will focus on six
major areas: organizational efficiency and scalability; procurement
and supply chain optimization; facilities optimization; R&D
investment efficiency; capital and asset efficiency; and scalable
common processes and systems.”
“It’s an honor to join Mercury at such a pivotal time in the
Company’s growth to maximize speed, value and measurable impact,”
said Mr. Huber. “I look forward to working with the leadership team
and all my new Mercury colleagues to deliver successful
transformation outcomes.”
Mr. Huber brings to Mercury 20 years of global experience in
industry and management consulting, partnering with Fortune 500
senior executives and management teams addressing their most
pressing issues such as large-scale transformations for public and
private companies resulting in significant performance
step-changes. He has extensive expertise in a variety of industries
and functions, including procurement, manufacturing, supply chain,
and engineering. Prior to joining Mercury, Mr. Huber was Managing
Director and Partner at the Boston Consulting Group, serving as a
core member of their transformation and operations practice areas.
Previously, he was Managing Director and Partner at Bain &
Company, working with clients in strategy, operations, and
M&A.
Mr. Huber holds Master of Law, Master of Business
Administration, and Juris Doctorate degrees from the University of
Innsbruck, Austria.
Mercury envisions, creates and delivers innovative technology
solutions purpose-built to meet its customers’ most pressing
high-tech needs. For more 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 McGrailDirector, Corporate
CommunicationsMercury Systems, Inc.+1 978-967-1366
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/7d3fe74a-3585-405c-975f-625fc8dca7b3
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