Kratos Announces New Directors as Part of Ongoing Board Refresh and Augmentation Process, Thanks Retiring Directors for Their Service to the Company and its National Security Focused Mission
02 Novembro 2023 - 5:30PM
Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS), a
Technology Company in the Defense, National Security and Global
Markets, today announced updates related to its Board of Directors.
As the result of an ongoing Board augmentation and refreshment
process, the Company has appointed retired Army Col. Brad Boyd and
recently retired long-time equity fund Portfolio Manager Dan Hagen,
to the Kratos Board of Directors, effective November 1, 2023. Mr.
Boyd and Mr. Hagen both bring significant relevant and diverse
experience and expertise to the Kratos Board.
Brad Boyd is currently a Visiting Fellow at the
Hoover Institution at Stanford University where his work focuses on
automation and autonomy in warfare, as well as emergent technology
in National Security, and has also served as a Senior Advisor to
The Roosevelt Group since 2021. Mr. Boyd completed his 31-year
military career in the U.S. Army after an initial 12 years in the
U.S. Marine Corps. Mr. Boyd has also served as Defense and Foreign
Policy Advisor to Senator Angus King, as Director of Chief of Staff
of the Army General Mark Milley’s Coordination Group, and as the
lead for AI-enabled warfighting development at the Department of
Defense’s Joint Artificial Intelligence Center. He also served as
the U.S. Army’s liaison to the British Army for Capability
Development at British Army Headquarters in the United Kingdom. Mr.
Boyd’s operational experience includes deployments throughout
Central Asia, the Middle East, the Western Pacific, Europe, and
South America. Mr. Boyd was a Seminar XXI Fellow at the
Massachusetts Institute of Technology and the Senior Military
Fellow at the Center for International Security and Cooperation at
Stanford University where he published works on cyber and
AI-enabled information operations. Mr. Boyd holds a Masters in
International Politics from Cambridge, a Masters in Strategic Cyber
Operations from the Army’s Command and General Staff College, and a
Bachelor of Arts in Anthropology from the University of California,
Irvine.
Dan Hagen recently retired as a long-standing
Portfolio Manager for the Small Cap Growth team at Peregrine
Capital Management, where he shared the responsibility for
fundamental research, stock selection and portfolio management for
an over $1 billion portfolio of small cap stocks, including a focus
on value creation and generation. At times, Kratos was included as
an investment in Peregrine’s Small Cap Growth fund. Mr. Hagen
initially joined Peregrine’s Small Cap Growth team in 1996 as a
Research Analyst and served on Peregrine’s Board following
Peregrine’s buyout from Wells Fargo in 2016 until his retirement in
June 2023. Prior to Peregrine, Mr. Hagen was a Managing Director
and Assistant Manager for the Equity Strategy Group at Piper
Jaffray. He joined Piper Jaffray as a Statistical Analyst in 1983,
upon graduating from the University of Minnesota School of
Management (now Carlson School of Management) with a BSB in
Business Administration with an emphasis in Finance. Mr. Hagen was
a member of the Chartered Financial Analyst (CFA) Society of
Minnesota and the CFA Institute and is a past board member of the
Piper Jaffray Foundation. He regularly shares his broad industry
and business experience and significant financial expertise with a
number of nonprofit organizations.
Kratos today also announced the retirements of
Samuel Liberatore and Jane Judd from the Company’s Board of
Directors effective November 1, 2023. Mr. Liberatore and Ms. Judd
joined the Board in 2009 and 2011, respectively. During their
tenure, Mr. Liberatore and Ms. Judd provided valuable insight and
expertise as the Company successfully executed its technology,
products, systems and software strategy.
"We are pleased to welcome Dan and Brad to the
Company’s Board of Directors. The Board has been carefully
considering adding directors with important relevant experience
over the last several years and today’s announcement demonstrates
this ongoing commitment," said Amy Zegart, Chair of the Board’s
Nominating & Governance Committee. "Dan’s financial acumen and
years of experience creating significant value as a portfolio
manager in the small cap industrial, technology and defense areas,
as a research analyst and his in-depth experience with the
investing community, and Brad’s depth of knowledge and experience
as a defense and national security policy advisor and military
operator, bring additional and new perspectives into the Kratos
Board room. Dan and Brad, along with the other Directors, will be
vital to our decision-making processes, including capital
allocation and investment, as we further the Company's momentum as
a leading technology provider, including in the areas of unmanned
aerial drone systems, space and satellite communications, cyber
warfare and AI-enabled operations, and driving long-term growth and
value creation for all Company stakeholders.”
Bill Hoglund, Chairman of the Company’s Board of
Directors, said, “We thank Sam and Jane for their service,
contributions, and long-standing commitment to Kratos and wish them
well in their retirement and success in their future endeavors. We
also welcome Dan and Brad to the Kratos Board of Directors, and we
look forward to working with them as we continue the execution of
our strategy, to be the premier technology, product and software
based company in the defense, national security and global
markets.”
About Kratos Defense & Security
Solutions Kratos Defense & Security Solutions,
Inc. (NASDAQ: KTOS) is a Technology Company that
develops and fields transformative, affordable systems, products
and solutions for United States National Security, our allies and
global commercial enterprises. At Kratos, Affordability is a
Technology, and Kratos is changing the way breakthrough technology
is rapidly brought to market – at a low cost – with actual
products, systems and technologies rather than slide decks or
renderings. Through proven commercial and venture capital backed
approaches, including proactive, internally funded research and
streamlined development processes, Kratos is focused on being First
to Market with our solutions, well in advance of competition.
Kratos is the recognized Technology Disruptor in our core market
areas, including Space and Satellite Communications, Cyber
Security and Warfare, Unmanned Systems, Rocket and Hypersonic
Systems, Next-Generation Jet Engines and Propulsion
Systems, Microwave Electronics, C5ISR and Virtual and
Augmented Reality Training Systems. For more information,
visit www.KratosDefense.com.
Notice Regarding Forward-Looking
Statements
Certain statements in this press release may
constitute "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995. These
forward-looking statements are made on the basis of the current
beliefs, expectations, and assumptions of the management of Kratos
and are subject to significant risks and uncertainty. Investors are
cautioned not to place undue reliance on any such forward-looking
statements. All such forward-looking statements speak only as of
the date they are made, and Kratos undertakes no obligation to
update or revise these statements, whether as a result of new
information, future events or otherwise. Although Kratos believes
that the expectations reflected in these forward-looking statements
are reasonable, these statements involve many risks and
uncertainties that may cause actual results to differ materially
from what may be expressed or implied in these forward-looking
statements. For a further discussion of risks and uncertainties
that could cause actual results to differ from those expressed in
these forward-looking statements, as well as risks relating to the
business of Kratos in general, see the risk disclosures in the
Annual Report on Form 10-K of Kratos for the year
ended December 25, 2022, and in subsequent reports on Forms
10-Q and 8-K and other filings made with the SEC by
Kratos.
Press Contact:Yolanda White858-812-7302
Direct
Investor
Information:877-934-4687investor@kratosdefense.com
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