CHELMSFORD, Mass., Sept. 3, 2014 (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (Nasdaq:MRCY) ( www.mrcy.com ), a leading provider of commercially developed, secure sensor processing subsystems for critical commercial and defense applications, announced the appointment of Gerald M. Haines II to the position of Executive Vice President, Chief Financial Officer and Treasurer.
"We are pleased to have Gerry assume this new role, where his combination of business and financial acumen and his wealth of experience in strategy, corporate finance and acquisitions will be tremendous assets as we enter the next phase of our growth strategy," said Mercury's President and Chief Executive Officer Mark Aslett. "His drive and leadership abilities, along with his deep expertise and knowledge of Mercury's business, including the businesses we have acquired in recent years, make him especially well-suited for this position as we push to accelerate Mercury's growth. Mercury closed fiscal 2014 with strong momentum, and the operating leverage we have built positions us well for achieving our goals of double-digit top-line growth, even stronger growth in adjusted EBITDA, and for reaching our target business model for fiscal 2015. We remain confident in our recent guidance for our fiscal 2015 first quarter and year," Aslett concluded.
Mr. Haines, 51, joined Mercury in July of 2010 as Senior Vice President of Corporate Development, where he was responsible for mergers and acquisitions, strategic partnerships, and related corporate strategy development and execution, as well as several other corporate functions. Throughout his career, Mr. Haines has held positions of increasing scope and responsibility. Prior to Mercury, Mr. Haines served as Executive Vice President of Verenium Corporation, a publicly traded company engaged in the development and commercialization of biofuels and high-performance specialty enzymes; Executive Vice President of Strategic Affairs of Enterasys Networks, Inc., a publicly traded network communications company; Senior Vice President of Cabletron Systems, Inc., the predecessor to Enterasys Networks; and Vice President of Applied Extrusion Technologies, Inc., a leading manufacturer of plastic packaging and labeling products. He began his career at J.P. Morgan. Mr. Haines holds a bachelor's degree in Business Administration, magna cum laude, from Boston University and a law degree from Cornell. He has significant experience in corporate finance, financial reporting, M&A, strategic planning and execution, and investor relations.
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