Cubic Corp. on Thursday announced the appointment of a new chief executive and chairman, with former Honeywell [HON] executive Stevan Slijepcevic taking over as president and CEO and Mac Curtis, who led former federal information technology solutions provider Perspecta, as chairman.
Slijepcevic and Curtis take over the $1.5 billion transportation and defense company from Bradley Feldmann, who was president and CEO since 2014 and added the role of chairman in 2018. Feldmann’s last day with Cubic was last Friday.
Last spring, Cubic was acquired by the private equity firms
Veritas Capital and Evergreen Coast Capital in a $3 billion deal, including the assumption of debt. Previously, Cubic was a publicly traded company.
Slijepcevic recently was president of Electronic Solutions at Honeywell Aerospace, which services customers in the commercial air transport, defense, space, business, general aviation and urban mobility markets. The Electronic Solutions units had more than $4.5 billion in sales and more than 6,000 employees.
Curtis said in a statement that “Now with the enhanced opportunities following completion of the go-private transaction, the board is confident that Steve is the right leader for Cubic as the company embarks on its next chapter.”
Curtis has worked with Veritas for more than a decade.
Curtis led Perspecta as chairman and CEO until last May when it was acquired by Peraton, which is also owned by Veritas. Prior to leading Perspecta, he was president and CEO of the government technology company Vencore, and before that the government IT and business process outsourcing firm Vangent. General Dynamics [GD] acquired Vangent in 2011. Vencore and Vangent were both portfolio companies of Veritas.
Perspecta was created through the combination of Vencore, DXC Technology’s government business, and KeyPoint Government Solutions.