KBR Names CEO and CFO for Mission Technology Solutions Spin-off

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โดย GlobeNewswire·Read original
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KBR has appointed Michael LaRouche as President and Chief Executive Officer-Designate and Nicholas Veasey as Executive Vice President and Chief Financial Officer-Designate of the planned spin-off entity of its Mission Technology Solutions business. LaRouche will join KBR on September 24, 2026, and Veasey on July 1, 2026, with the spin-off expected to be completed on January 4, 2027. The new company, referred to as SpinCo, will launch with more than $5 billion in annual revenue, 20,000 employees, and a global footprint, delivering technology-forward solutions across national security and space. LaRouche brings over three decades of leadership experience from Serco North America, SAIC, Raytheon, and Lockheed Martin, while Veasey, a former U.S. Marine Corps officer, most recently served as CFO of MAG Aerospace and previously held roles at Booz Allen Hamilton, Deutsche Bank, and The Carlyle Group. Following the spin-off, KBR shareholders are expected to benefit from ownership in two standalone companies, with New KBR continuing under CEO Stuart Bradie and focusing on Sustainable Technology Solutions.

Impact on stocks 9

Defense & Geopolitical Fragmentation▲ · 4 stocks
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KBR Inc
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Spin-off creates two standalone companies, unlocking shareholder value and focusing each entity.

Artificial Intelligence▲ · 1 stocks
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Off-coverage companies 1

MAG AerospacePrivate± Mixed
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