CACI International Elects Lisa Disbrow as Chair After Michael Daniels' Death

CACI International has elected Lisa Disbrow as its new chair after the death of Michael Daniels. Daniels was a businessperson with experience in various companies, including CACI International, GlobalLogic, and Leidos Holdings. CACI International is a provider of expertise and differentiated technology to customers in support of national security.

CACI International Inc. (NYSE:CACI), a leading provider of technology solutions, has elected Lisa Disbrow as its new chair following the passing of Michael Daniels. Daniels served as the company's chairman since January 2021 and was a director since 2013. He had extensive experience in various leadership roles, focusing on cybersecurity, data analytics, and digital solutions. Under his leadership, CACI maintained robust financial health, with impressive revenue growth and strong liquidity metrics [2].

Disbrow, who now assumes the role of chair, will support President and Chief Executive John Mengucci in executing the company's growth strategy. CACI International employs approximately 25,000 people and is a member of the Fortune 500, the Russell 1000 Index, and the S&P MidCap 400 Index [2].

Daniels' passing has been deeply mourned by the CACI family. John Mengucci, the company's president and CEO, described Daniels as a "keen business leader who demonstrated respect and support for all who worked with him." Daniels received the 2024 National Association of Corporate Directors Directorship 100 B. Kenneth West Lifetime Achievement Award and was honored by the Virginia Chamber of Commerce for his career as a technology leader [2].

CACI International has recently secured contracts valued at approximately $638 million with the intelligence community, enhancing its national security efforts. This development highlights the company's expertise in providing critical solutions to defense and intelligence agencies. Jefferies has raised its price target for CACI International to $570, maintaining a Buy rating on the stock, with an adjusted earnings per share projected at $27.80 for fiscal year 2026. William Blair upgraded CACI International from Market Perform to Outperform, citing its notable position in the counter-drone system market following significant drone funding legislation [2].

However, CACI International was among several tech companies affected by the Trump administration's recent efforts to reduce federal contract spending. These developments represent a diverse set of factors influencing the company's current business landscape [2].

References:

[1] https://www.marketwatch.com/story/caci-international-chairman-daniels-dies-1ac89213
[2] https://in.investing.com/news/company-news/caci-international-chairman-michael-daniels-passes-away-93CH-4912965