Mercury Computer Systems announces retirement of Chief Financial Officer
(Business News, 10 Jul 2007 )
Mercury Computer Systems, Inc. has announced that its Senior Vice President and Chief Financial Officer Robert E. Hult will retire from the Company, effective September 28, 2007, and will maintain his responsibilities for the Company's finance, treasury, and investor relations functions until that time. The Company is currently engaged in a search for Mr. Hult's replacement. Mr. Hult is committed to support transition activities on a consultative basis after September 28, 2007 in accordance with the terms of his previously announced employment agreement.
"Bob has brought a great deal of financial, operational, and business experience to Mercury's management team, and I thank him for his contributions over the past three years," said Jay Bertelli, President and Chief Executive Officer of Mercury. "He has been a valued business partner to me in this challenging business environment. We will continue to work to maintain the momentum he has helped to create in restoring profitability and growth to the Company."
"I've enjoyed my tenure at Mercury, and the opportunity to be part of an organization that holds one of the brightest talent pools in engineering today," said Mr. Hult. "I fully expect a smooth transition in the short-term, and I wish the management team another 24 years of distinction as a leader in high-performance computing."
