CACI Chairman Michael A. Daniels Passes Away, Lisa S. Disbrow Elected as New Chair

CACI International Chairman Michael A. Daniels has passed away. The board of directors has elected Lisa S. Disbrow as the new chair. CACI International is a holding company that provides expertise and differentiated technology to customers in support of national security in the intelligence, defense, and federal civilian sectors. Its segments include Domestic Operations and International Operations, offering IT services and proprietary data and software products to customers worldwide.

CACI International Inc (NYSE:CACI), a leading technology solutions provider, announced the passing of its chairman of the board, Michael A. Daniels. Daniels, who had been a director since 2013 and was elected chairman in January 2021, was a prominent figure in the technology and government sectors, with a focus on cybersecurity, data analytics, and digital solutions [1][2][3].

The company's board of directors has elected Lisa S. Disbrow as the new chair, who will support President and Chief Executive Officer John Mengucci in executing the company's growth strategy [1][2][3]. Daniels' legacy includes robust financial health, with revenue growth of 14.16% and strong liquidity metrics under his leadership [2].

CACI International, a holding company, provides expertise and differentiated technology to customers in support of national security in the intelligence, defense, and federal civilian sectors. Its segments include Domestic Operations and International Operations, offering IT services and proprietary data and software products to customers worldwide [4].

Disbrow, a CACI director since 2013, assumes the role of chair, following Daniels' passing. Mengucci praised Daniels' leadership, stating, "Mike was a keen business leader who demonstrated respect and support for all who worked with him. He was always focused on ensuring that integrity and ethics remained front and center" [3].

The company continues to face a diverse set of factors influencing its current business landscape, including recent federal contract spending reductions by the Trump administration [2]. Despite these challenges, CACI International has secured contracts valued at approximately $638 million with the intelligence community, enhancing its national security efforts [2].

The stock market reacted to the news with a slight dip, but analysts remain cautiously optimistic. Jefferies raised its price target for CACI International to $570, maintaining a Buy rating on the stock, while William Blair upgraded CACI International from Market Perform to Outperform [2]. Raymond James, however, downgraded CACI International from Outperform to Market Perform, reflecting the view that the stock may pause after its strong performance [2].

The company employs approximately 25,000 people and is a member of the Fortune 500, the Russell 1000 Index, and the S&P MidCap 400 Index [3].

References:
[1] https://www.marketwatch.com/story/caci-international-chairman-daniels-dies-1ac89213
[2] https://www.investing.com/news/company-news/caci-international-chairman-michael-daniels-passes-away-93CH-4136542
[3] https://www.marketscreener.com/quote/stock/CACI-INTERNATIONAL-INC-5273082/news/CACI-Chairman-of-the-Board-and-GovCon-Industry-Leader-Michael-A-Daniels-has-Passed-Away-Board-of-50516880/
[4] https://www.forbes.com/companies/caci-international/