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TheStreet Open House

CACI Appoints Kenneth Asbury President And Chief Executive Officer

Stocks in this article: CACI

CACI International Inc (NYSE: CACI) appointed Kenneth Asbury as the company’s President and Chief Executive Officer effective today. Asbury has proven industry leadership in strategy and business development, including more than 27 years leading highly successful systems and services expansion and program delivery at Lockheed Martin.

Asbury comes to CACI with a long and successful tenure at Lockheed Martin, where he oversaw the company’s Technical Operations, Mission Services, and Civil businesses, building an impressive track record of delivering superior enterprise growth, customer value, and employee engagement. When he was President of the Civil Business Group, his unit saw $3.7 billion in sales in 2009 and more than $6 billion in new contract orders. While at Mission Services, Asbury delivered double-digit sales and achieved a 75 percent new business win rate. After leaving Lockheed, he joined ASRC Federal, where as President and Chief Executive Officer, he was responsible for setting the strategic direction of the company’s Federal enterprise and driving growth and development for all of its subsidiaries.

“CACI’s track record of growth and performance is second to none, and I look forward to taking on the opportunity for continued growth over the long term,” said Asbury. “In the government systems and services market, nothing is more important than the clients we serve – particularly when it comes to supporting national priorities and national security. CACI has a client-focused culture. Its people have a deep understanding of their clients’ critical missions, and deliver value and operational excellence. They are our best asset.”

“The CACI Board of Directors looks forward to working closely with Ken as we move forward in these times of opportunity as well as challenge. CACI has a long history excellence in developing and delivering new business programs, and Ken is the individual to carry on this fine legacy,” said Dr. J.P. (Jack) London, Executive Chairman and Chairman of the Board, “The Board has known Ken for some time, and he is the right choice to lead CACI going forward. He has the ideal blend of industry expertise and leadership experience to help drive our business goals regardless of the market conditions. We welcome him to the CACI team.”

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