Cubic Announces CEO Succession Plan
May 01 2014 - 04:13PM
Business Wire
Cubic Corporation (NYSE: CUB) announced today that Bradley H.
Feldmann will succeed current chief executive officer Bill Boyle
effective July 1, 2014 as president and chief executive officer. In
addition, Feldmann will also join the board of directors effective
May 1, 2014.
Bradley H. Feldmann (Photo: Business
Wire)
“Brad is a proven leader with substantial experience in both
defense and project related businesses which are core to what Cubic
has done for more than 60 years. I believe Brad has the vision and
skills necessary to lead the company into its next phase of growth
and innovation,” said Walter C. Zable, Cubic’s executive chairman
of the board of directors.
Feldmann previously held the position of president and chief
operating officer of Cubic Corporation since January 2013 and also
served as the president of the companies comprising Cubic Defense
Systems business. Prior to re-joining the company in 2008, he held
senior leadership positions at OMNIPLEX World Services Corporation
and ManTech International. Feldmann previously worked at Cubic
Defense Applications from 1989 to 1999.
“I am honored, humbled and energized to lead the company during
this exciting time,” Feldmann said. “I see numerous growth
opportunities in the coming years for both Cubic and the greater
industry. Since our founding more than 60 years ago, Cubic has
thrived on a forward thinking approach and we will continue to
innovate and push the boundaries.”
“Having worked with Brad for many years, I know that he is the
right leader at the right time for Cubic,” said Bill Boyle, chief
executive officer, Cubic. “I’ve had the privilege of working with
Cubic’s talented employees and senior leadership team, and I know
their passion for excellence will only grow stronger under Brad’s
leadership.”
Cubic also announced after July 1, 2014, Boyle will assume the
role as an advisor to the CEO, supporting Feldmann throughout the
management transition. He will also remain on Cubic’s board of
directors until the next Annual Shareholders Meeting.
With the addition of Feldmann, Cubic’s board of directors
consists of Walter C. Zable, executive chairman of Cubic; Bill
Boyle, chief executive officer of Cubic; Bruce G. Blakley, retired
partner of PricewaterhouseCoopers LLP; Edwin A. Guiles, former
executive vice president of Sempra Energy; Robert S. Sullivan,
dean, Rady School of Management, University of California, San
Diego; John H. Warner, Jr., former executive vice president and
chief administrative officer of Science Applications International
Corporation; and Steve Norris, transportation expert and former UK
government minister.
About Cubic Corporation
Cubic Corporation is the parent company of three
major business segments. Cubic Transportation Systems is a leading
integrator of payment and information technology and services for
intelligent travel solutions. Cubic Defense Systems is a leading
provider of realistic combat training systems and secure
communications. Mission Support Services is a leading provider of
training, operations, maintenance, technical and other support
services for the U.S. and allied nations. For more information
about Cubic, see the company's Web site at www.cubic.com.
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Cubic CorporationTimothy HillDirector of Corporate
Communications858-505-2430
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