CACI International President and CEO Ken Asbury is retiring June 30, and will be replaced by Chief Operating Officer John Mengucci as chosen by the company’s board of directors.
Asbury and Mengucci have led the company’s transition to a higher-value business across its markets since Asbury joined in 2013 and Mengucci in 2012. Under their leadership, CACI has reached record levels of revenue, profitability and contract awards.
And under the guidance of the board, Asbury and Mengucci have led the development and implementation of CACI’s strategic initiatives into high demand markets and technologies to expand the company’s scale, business growth and long-term solutions for customers.
“Under Ken’s leadership, CACI has made smart, strategic acquisitions and successfully broadened its offerings upstream. This is what Ken and the team set out to accomplish when he joined as CEO, and they have surpassed those milestones,” said Mark HuYoung, managing partner and CEO of NorthWind Partners. “This is a sound juncture for Ken to transition and I applaud Jack and the board for selecting John as his successor.”
Asbury also oversaw the acquisitions of Six3 Systems, NSS and LGS Innovations, according to Jack London, CACI executive chairman and chairman of the board of directors.
“These strategic moves provide CACI with the foundation to deliver predictable, profitable growth and value to our shareholders,” London said. “We look forward to building on that progress with a seamless transition to Mr. Mengucci as our next CEO. John brings the leadership, vision, values and mastery of technology to drive performance for all our stakeholders.”
Mengucci, who was recognized as one of WashingtonExec’s Top 25 Execs to Watch in 2019, is also responsible for deploying resources for growth and integrating strategic acquisitions critical to performance and customer requirement-aligned solution delivery. Mengucci is also known for creating the company’s Shared Services Center, CACI said
“I appreciate the trust Dr. London and the rest of the Board has in my leadership and I am eager to leverage the success CACI has achieved under Ken to strengthen our operational and financial performance,” Mengucci said.
He will assume his new position as CEO and as a member of the board July 1.
“John has played an integral part in the strategic growth and optimization of the organization over the past seven years and has more than demonstrated his ability to take the company into the next phase of expansion,” HuYoung added. “There is likely a great host of folks across the market that join me in saying Ken will be missed, but we wish him all the best in the next chapter, which I trust, among many other things, will include reeling in monster fish and continuing to enjoy great blues music.”