- Push-out Score determined
- After about six and a half years in the position
- Praise and thanks for Asbury
- John Mengucci taking over
- Asbury said 63 words
(exechange) — Arlington, Virginia, June 4, 2019 — Ken Asbury, chief executive of CACI, leaves. As announced by CACI International Inc. in a news release and in a regulatory filing published on Tuesday, June 4, 2019, Kenneth (Ken) Asbury leaves his post as Chief Executive Officer at the government IT contractor after about six and a half years in the role, effective June 30, 2019.
Among the 3,000 largest publicly held companies incorporated in the U.S. based on market capitalization, the average tenure of the CEOs who departed over the past 12 months was 7.7 years, according to data compiled by exechange.
Ken Asbury’s duties will be taken over by John Mengucci, currently Chief Operating Officer of CACI International Inc.
No reason given
In the announcement, CACI did not explicitly explain the reason for Ken Asbury’s imminent move.
Precise information regarding Ken Asbury’s future plans was not immediately available.
“Retire/resign”
CACI said: “Mr. Ken Asbury will retire as CACI’s President and Chief Executive Officer and as a director effective June 30, 2019.”
CACI further said: “On May 31, 2019, Kenneth Asbury notified CACI International Inc … of his intention to resign as President and Chief Executive Officer of the Company and resign from the board of directors of the Company … effective June 30, 2019.”
Share price increase since January 2019
The announcement follows an increase in CACI International Inc’s share price of 42 percent since January 2019.
Chaired by J.P. London
CACI International Inc is chaired by J.P. London.
J.Phillip (Jack) London is the Executive Chairman and Chairman of the Board of CACI International Inc.
In the position of CEO since 2013
Since February 20, 2013, Asbury has been the President and Chief Executive Officer of CACI International Inc.
From May 2011 until February 2013, he was President and Chief Executive Officer of ASRC Federal Holding Company.
As President and Chief Executive Officer of ASRC, Asbury was responsible for setting the strategic direction of the company’s Federal enterprise and driving growth and development for all of its subsidiaries.
In 2011, the company saw an almost 100 percent increase in program capture rate in one year. Prior to that, Asbury was employed by Lockheed Martin for approximately 27 years where he oversaw Lockheed Martin’s Technical Operations, Mission Services and Civil businesses.
As President of the Civil business, Asbury established five strategic growth campaigns focused on emerging government priorities – healthcare, energy, immigration reform, homeland security, and financial regulatory reform.
With this focus, he led the business unit to more than $6 billion in new contract wins, and achieved $3.7 billion in sales in 2009.
Asbury’s tenure for Mission Services also saw increased growth.
There, he delivered double-digit sales and achieved a 75 percent new business win rate.
The signature new business contracts included a $5 billion project with Special Operations Command and a $1 billion project with NASA.
Similarly, Asbury delivered mission-critical services while overseeing Lockheed’s Technical Operations business.
There, he transformed a $500 million internal business into a $1 billion external defense and intelligence operations entity.
Under his leadership, the business unit developed, fielded, and operated a new tactical intelligence platform for the Army, the Persistent Threat Detection System.
Asbury served in the U.S. Army Security Agency as a translator/interpreter.
He is a graduate of the University of Oklahoma.
Asbury, in accordance with personal plans, will retire from CACI later this year.
To support a smooth and efficient transition, effective July 1, 2019, Asbury will assume the role of Special Advisor to the Executive Chairman of the Board.
Push-out Score determined
The Push-out Score™ determined by exechange gauges the pressure surrounding the management change on a scale of 0 to 10.
exechange reached out to CACI and offered the company the opportunity to comment on the score.
Read the full story in the exechange report 23.2019 ($).