Kenneth Asbury replaces Dan Allen as CEO of CACI International Inc.
CACI International Inc.'s decision to replace its CEO after less than two years on the job is part of a plan to refocus on new contract opportunities and acquistions of companies that can spur growth, Chairman Jack London and new CEO Kenneth Asbury told investors in a call Thursday morning.
Departing CEO Dan Allen didn't fit into that strategy, London said.
"What we're doing now is a bit of a modification to the strategy in the sense of priorities," he said. "The board determined that the best course of action is to put in place an aggressive business development ? a contract winning process ? under the direct leadership of an extremely qualified individual at the CEO level."
Whether the Arlington-based company's decision to replace Allen will be deemed a hasty one by investors, partners and government customers is yet to be determined.
Asbury, who was directly involved in efforts to capture contracts at Bethesda-based Lockheed Martin Corp., said he will reorganize the company to have business development operations report directly to his office.
"I would like to be personally involved in every one of the major bids we see in front of us," he said. "We intend to be a winner of those."
Personnel hires for the business development group will be addressed in the near term, Asbury noted.
The company wants to continue the aggressive acquisition strategy that was initiated 20 years ago and has led to nearly 60 buys thus far. Asbury pointed to cybersecurity as a key area for acquisitions, particularly in light of recent efforts by the Obama administration to better protect computer systems and trade secrets. Another possible target will be companies trying to exit certain services.
Jill R. Aitoro covers federal contracting.
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