Mercury Systems announced that following a comprehensive review of strategic alternatives, the board of directors of Mercury has determined that execution of the company’s strategic plan under a refreshed leadership team represents the best path forward. In connection with this determination, the company also announced a series of leadership and board changes, including the initiation of a president and CEO transition, the appointment of a new independent director, and the identification of a second new independent director and a permanent CFO. Bill Ballhaus, a member of the board, has been appointed Interim president and CEO, effective June 24 and will serve in this role until a permanent successor is named. Ballhaus succeeds Mark Aslett, who has resigned from his role as president and CEO of the company. His resignation is effective June 24. The Board has commenced a comprehensive search process, which will include external and internal candidates, to identify a permanent CEO with the assistance of a leading executive search firm.
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