On June 23, Shift5 announced the permanent appointment of Toby Magsig as president and chief executive officer, the elevation of several senior leaders to C-suite roles, and the addition of Fred Rudesheim as chief legal officer and general counsel. The announcements reflect the board’s confidence in the team that drove Shift5’s strongest Q1 on record.
Magsig has served as president and interim CEO since January, leading the company through a period of significant customer growth. His permanent appointment comes as Shift5 formalizes the leadership team that has been driving these results, elevating Samantha Segall to chief growth officer, Ryan Sublett to chief financial officer, and Sam Rajachudamani to chief strategy officer. The company also welcomes Fred Rudesheim as chief legal officer and general counsel.
“Shift5 just had its best Q1 in company history – that doesn’t happen by accident,” said Ret. Gen. Rich Clarke, Shift5 chairman of the board and former SOCOM commander. “This team has been executing at the highest level, and Toby has led them with the focus and discipline you expect from a combat-proven leader. In a world where our national defense increasingly depends on the resilience of our critical platforms, these appointments reflect the board’s confidence that Toby and this team can scale Shift5’s impact across the fleets that keep our nation secure.”
“The threats facing our defense and transportation systems aren’t slowing down, and neither are we,” said Magsig. “The people we’re recognizing today have been in the fight – delivering for our customers day in and day out. This team knows what’s at stake, and we have the capability and the will to bolster the platforms that defend our nation.”
Source: Shift5
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