By Adriano Marchese
Mercury Systems said Tuesday that its chief operating officer, Charles Wells, will resign to take on a leadership role at a privately held company.
The technology company said William Ballhaus, its chairman and chief executive, is expected to lead the business operations group.
Chief Financial Officer David Farnsworth will assume additional responsibilities, including leading the company-wide management operating system and technology investment strategy.
As a result of Farnsworth's expanded responsibilities, Mercury Systems will grant him a stock unit award of $1 million which will vest in installments over the course of the first three anniversaries of the grant date.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
April 01, 2025 07:10 ET (11:10 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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