HOUSTON, US: KBR Inc has appointed Mark Sopp as the company’s new chief financial officer (CFO), effective in the first quarter of 2017. Previously, Sopp served as CFO and executive vice president for Leidos Holdings, one of the largest publicly traded government contractors in US.
Sopp will succeed Brian Ferraioli, current CFO who has decided to retire to spend more time with family.
Sopp brings many years of financial leadership experience to KBR. From 2005 to 2015, he served for Leidos Holdings. Previously, Sopp served in various executive positions with Titan Corporation, also involved in government contracting and commercial business areas.
"Along with Sopp’s extensive financial and capital markets expertise, his long-time experience in the government contracting sector, including knowledge of the government services investment community, will be immensely helpful as KBR expands our government services segment to achieve better balance between our government and hydrocarbons businesses," said Stuart Bradie, president and CEO, KBR.
"We greatly appreciate Brian's fiscal leadership during his time at KBR. He has made many significant contributions, overseeing all the financial affairs of the company, helping strengthen our financial management and reduce our overall cost structure, and his sage advice has been a great help to me personally. We thank Brian for his service to the company and we wish him the very best in his well-deserved retirement," added Bradie.
Read More: KBR appoints former VP of Leidos’ as its new CFO
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