PAE Inc. Executive Vice President and Chief Financial Officer Charles Peiffer has been appointed to serve in the additional role of interim president and CEO, effective March 19.
Peiffer’s appointment follows John Heller’s decision to resign from his position as president and CEO for personal reasons.
The company noted the board will initiate a formal search process to identify a permanent chief executive. It plans to engage an executive search firm and will consider internal and external candidates.
Peiffer “has a deep understanding of our business, operations and strategy, and a true appreciation for the hard work and dedication of our employees,” said Marshall Heinberg, board chairman.
“We are confident Charlie is the ideal person to support the Company through this interim period, and we appreciate his willingness to take on this expanded role,” he added.
Peiffer said he looks forward to working alongside the board and leading a talented and experienced management team.
“PAE has strong momentum entering 2021 with recent flagship contract wins and continued progress integrating the acquisitions we announced in Fall 2020,” he added. “We will continue to execute our strategy as we expand the business with a focus on high-margin contracts and enhance our capabilities, customer presence and contract vehicles. We are confident that PAE will continue on its path of growth and success.”