Ken Asbury to retire as CACI president and CEO, John Mengucci to take reins
CACI International Inc of Arlington, VA announced on June 4 that 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 John Mengucci, currently the company’s chief operating officer, to succeed Asbury as president and chief executive officer effective July 1, 2019. The Board has also elected Mengucci to serve as a member of the board, effective July 1, 2019. 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.”
Asbury, who joined CACI in 2013, and 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 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 the industry. In recognition, CACI was named by Fortune magazine as one of the World’s Most Admired Companies.
Under the Board’s guidance, they 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. Mengucci was responsible for developing and implementing its market-aligned strategy, deploying resources in areas of growth, and integrating strategic acquisitions that were each critical to strong operational performance and its continued ability to deliver products and solutions that align with customers’ requirements. 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.