About Cubic Corporation
Cubic Corporation is the parent company of three major business segments. Cubic Transportation Systems is a leading integrator of payment and information technology and services for intelligent travel solutions. Cubic Defense Systems is a leading provider of realistic combat training systems and secure communications. Mission Support Services is a leading provider of training, operations, maintenance, technical and other support services for the U.S. and allied nations. For more information about Cubic, see the company's Web site at www.cubic.com.
SAN DIEGO, Calif. – May 1, 2014 –Cubic Corporation (NYSE: CUB) announced today that Bradley H. Feldmann will succeed current chief executive officer Bill Boyle effective July 1, 2014 as president and chief executive officer. In addition, Feldmann will also join the board of directors effective May 1, 2014.
“Brad is a proven leader with substantial experience in both defense and project related businesses which are core to what Cubic has done for more than 60 years. I believe Brad has the vision and skills necessary to lead the company into its next phase of growth and innovation,” said Walter C. Zable, Cubic’s executive chairman of the board of directors.
Feldmann previously held the position of president and chief operating officer of Cubic Corporation since January 2013 and also served as the president of the companies comprising Cubic Defense Systems business. Prior to re-joining the company in 2008, he held senior leadership positions at OMNIPLEX World Services Corporation and ManTech International. Feldmann previously worked at Cubic Defense Applications from 1989 to 1999.
“I am honored, humbled and energized to lead the company during this exciting time,” Feldmann said. “I see numerous growth opportunities in the coming years for both Cubic and the greater industry. Since our founding more than 60 years ago, Cubic has thrived on a forward thinking approach and we will continue to innovate and push the boundaries.”
“Having worked with Brad for many years, I know that he is the right leader at the right time for Cubic,” said Bill Boyle, chief executive officer, Cubic. “I’ve had the privilege of working with Cubic’s talented employees and senior leadership team, and I know their passion for excellence will only grow stronger under Brad’s leadership.”
Cubic also announced after July 1, 2014, Boyle will assume the role as an advisor to the CEO, supporting Feldmann throughout the management transition. He will also remain on Cubic’s board of directors until the next Annual Shareholders Meeting.
With the addition of Feldmann, Cubic’s board of directors consists of Walter C. Zable, executive chairman of Cubic; Bill Boyle, chief executive officer of Cubic; Bruce G. Blakley, retired partner of PricewaterhouseCoopers LLP; Edwin A. Guiles, former executive vice president of Sempra Energy; Robert S. Sullivan, dean, Rady School of Management, University of California, San Diego; John H. Warner, Jr., former executive vice president and chief administrative officer of Science Applications International Corporation; and Steve Norris, transportation expert and former UK government minister.