Len Moodispaw retires as KEYW Chairman and CEO

The KEYW Holding Corporation of Hanover, MD announced on May 27 that Leonard Moodispaw will be retiring as Chairman of the Board of Directors and Chief Executive Officer, effective May 27, 2015. Mr. Moodispaw reluctantly decided to step down due to health reasons. Mr. Moodispaw has been the Chairman and CEO of KEYW since its founding in August 2008. He will remain with KEYW as a director.

“It has been my honor and privilege to serve as KEYW’s CEO for the last seven years and I wish to thank our employees and shareholders for giving me that opportunity,” commented Len Moodispaw. “But the time has come for me to retire to ‘this one particular harbor’ and hand the reins to the next generation of leadership at KEYW. I will remain available to facilitate the best possible transition to Mark Willard as interim CEO and work with the Board to select the ideal candidate for KEYW’s next CEO.”

“It is with tremendous reluctance that the KEYW Board accepts Len’s resignation as CEO and Chairman,” said Lead Director Caroline Pisano. “He has been the driving force of KEYW since its founding and of immeasurable value to the company, its employees and the integral customers we serve.  We look forward to working with Len to transition to a new CEO and on future KEYW activities.”

The Board of Directors was unanimous in its praise of Len, citing his confident and engaged leadership, deep commitment to the defense and intelligence communities, and his abiding humanity and personal concern for the welfare of others.  The Board has appointed Mark Willard, KEYW’s Chief Operating Officer (COO), as interim President and CEO until a permanent CEO is appointed. Mr. Willard has been COO of KEYW since its founding in August 2008. Caroline Pisano, KEYW’s Lead Director, has been named Chairman of the Board of Directors. The KEYW Board has initiated a search process to identify a permanent CEO. Pursuant to KEYW’s Bylaws Mr. Willard was elected to the Board of Directors.

“Len’s commitment to national security, dedication to customers’ missions, and his compassion for employees has been an inspiration to thousands,” commented Mark Willard, interim CEO of KEYW. “I look forward to continuing to work with Len during the transition to ensure KEYW continues to implement the vision he has provided since we formed the company in 2008.”

Source: KEYW Corp.