- After almost eight years in the position
- Praise and thanks for Prow
- Jeremy Wensinger taking over
- Prow kept it short and said 53 words
(exechange) — McLean, Virginia, May 13, 2024 — Chuck Prow, chief executive of V2X, leaves his position. As announced by V2X Inc. in a news release and in a regulatory filing published on Monday, May 13, 2024, Charles L. (Chuck) Prow leaves his post as chief executive officer at the defense contractor, after almost eight years in the role, effective June 17, 2024.
Generally speaking, it raises questions when a CEO leaves his post at short notice.
Chuck Prow’s duties as CEO will be taken over by Jeremy Wensinger, previously Chief Operating Officer at Peraton Inc.
The fact that Chuck Prow’s successor is brought in from outside suggests that the board may seek to stimulate change with fresh ideas and new initiatives.
In general, an outsider does not have the constraints of an insider when it comes to leading painful changes or making unpopular decisions.
“Thorough Board-led succession planning process”
The management change is explained as follows. V2X stated: “Jeremy Wensinger has been appointed President, Chief Executive Officer and a member of the company’s Board of Directors, succeeding Chuck Prow. This appointment, which is effective as of June 17, 2024, is the result of a thorough Board-led succession planning process designed to ensure a smooth transition and continue V2X’s positive business momentum.”
Precise information regarding Chuck Prow’s future plans was not immediately available.
“Separated”
V2X said: “On May 9, 2024, Mr. Prow was separated as President and CEO of the Company, effective June 17, 2024.”
Share price decline since May 2021
The announcement follows a decline in V2X Inc.’s share price of 8% since May 2021.
In the position of CEO since 2016
Chuck Prow became CEO of the Company in 2016.
Prow has served as the Company’s President and Chief Executive Officer since December 2016.
Prow has over 30 years of information technology and federal services experience, including leadership positions at IBM Corporation, PricewaterhouseCoopers, and Coopers & Lybrand.
During his career, he has run large global government services organizations, delivering solutions to a wide array of Department of Defense and other government customers.
Previously, Prow served in multiple roles with IBM Corporation, including from 2014 to 2015 as General Manager, Global Government Industry and from 2007 to 2013 as General Manager, US Public Sector Global Business Services.
He currently serves on the board of directors for the Professional Services Council, Christian Brothers High School — St. Louis Missouri and International Research and Exchange Board (IREX).
Prow graduated from Northwest Missouri State University where he received a Bachelor of Science degree in Management and Data Processing.
53 words by Chuck Prow
In the release announcing his departure as CEO of V2X Inc., Chuck Prow received praise and thanks.
In the release announcing his departure as CEO, Chuck Prow kept it short and said 53 words.
“Honor and privilege”
Chuck Prow stated: “I would like to thank V2X’s employees, as well as our clients and industry partners, for their trust and confidence in the journey which is now V2X. Leading the talented men and women of V2X, deployed globally in support of some of our nation’s most critical missions, has been an honor and privilege.”
The above text is an excerpt from the exechange report 21.2024 ($), publication date May 20, 2024.