CACI International Inc (NYSE:
CACI) announced today that Mr. Ken Asbury will retire as CACI’s
President and Chief Executive Officer and as a director effective June
30, 2019. CACI’s Board of Directors has elected Mr. John Mengucci,
currently the Company’s Chief Operating Officer, to succeed Mr. Asbury
as President and Chief Executive Officer effective July 1, 2019. The
Board has also elected Mr. Mengucci to serve as a member of the Board,
effective July 1, 2019. Mr. Asbury, in accordance with personal plans,
will retire from CACI later this year.
“On behalf of the Board, I want to thank Ken for his exceptional
leadership, business acumen, and unwavering commitment to mission and
operational excellence,” said Dr. J.P. London, Executive Chairman and
Chairman of the Board of Directors. “Working with the Board and CACI’s
senior management team, Ken has overseen tremendous results in achieving
significant growth and financial milestones while transforming our
business for the future. As steward of our long-standing and
highly-successful acquisition program, Ken oversaw the acquisitions of
Six3 Systems, NSS and LGS Innovations, as well as others, which
increased our ability to pursue specialized, high-value, and high growth
markets. These strategic moves provide CACI with the foundation to
deliver predictable, profitable growth and value to our shareholders. We
look forward to building on that progress with a seamless transition to
Mr. Mengucci as our next CEO. John brings the leadership, vision, values
and mastery of technology to drive performance for all our stakeholders.”
“I have been privileged to lead CACI through a period of transformation
and I am proud of what we have accomplished together,” said Asbury. “I
am excited about the future of CACI under John’s leadership and have
confidence that the leadership, vision and values John has demonstrated,
through the successful implementation of our strategic initiatives and
management of our operations, will lead to continuing success.”
Mr. Asbury, who joined CACI in 2013, and Mr. Mengucci, who joined CACI
in 2012, have led the Company’s transition to a higher-value solutions
business across CACI’s addressable markets. Under their leadership, the
CACI team has consistently delivered strong operating performance and
created significant value for our shareholders. Achievements include
record levels of revenue, profitability and contract awards, while at
the same time reshaping CACI’s portfolio and positioning CACI as a
leader in our industry. In recognition, CACI was named by Fortune magazine
as one of the World’s Most Admired Companies. Under the Board’s
guidance, Ken and John have been instrumental in developing and
implementing CACI’s strategic initiatives into high demand markets and
technologies to increase the scale of the organization, accelerate
business growth and develop immediate and long-term solutions for CACI’s
customers. Mr. Mengucci was responsible for developing and implementing
our market-aligned strategy, deploying resources in areas of growth, and
integrating strategic acquisitions that were each critical to our strong
operational performance and our continued ability to deliver products
and solutions that align with customers’ requirements. Mr. Mengucci was
also responsible for establishing the Company’s Shared Services Center.
“I appreciate the trust Dr. London and the rest of the Board has in my
leadership and I am eager to leverage the success CACI has achieved
under Ken to strengthen our operational and financial performance. We
will continue to work with our talented and dedicated team to support
our customers’ missions, deliver sustainable growth and drive
shareholder value,” said Mengucci.
CACI provides information solutions and services in support of national
security missions and government transformation for Intelligence,
Defense, and Federal Civilian customers. A Fortune World’s Most Admired
Company, CACI is a member of the Fortune 1000 Largest Companies, the
Russell 2000 Index, and the S&P MidCap 400 Index. CACI’s sustained
commitment to ethics and integrity defines its corporate culture and
drives its success. With approximately 22,000 employees worldwide, CACI
provides dynamic career opportunities for military veterans and industry
professionals to support the nation’s most critical missions. Join us! www.caci.com.
There are statements made herein which do not address historical
facts, and therefore could be interpreted to be forward-looking
statements as that term is defined in the Private Securities Litigation
Reform Act of 1995. Such statements are subject to factors that could
cause actual results to differ materially from anticipated results. The
factors that could cause actual results to differ materially from those
anticipated include, but are not limited to, the risk factors set forth
in CACI’s Annual Report on Form 10-K for the fiscal year ended June 30,
2018, and other such filings that CACI makes with the Securities and
Exchange Commission from time to time. Any forward-looking statements
should not be unduly relied upon and only speak as of the date hereof.
CACI-Company News
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