Shares of Mercury Systems Inc.
dropped more than 10% in the extended session Friday after the aerospace and defense company said it has named board member Bill Ballhaus as its interim president and CEO, effective Saturday, and that a search for a suitor has failed. Ballhaus succeeds Mark Aslett, who has resigned, also effective Saturday, Mercury said. The board has launched a “comprehensive” search to identify its next permanent CEO, the company said.
dropped more than 10% in the extended session Friday after the aerospace and defense company said it has named board member Bill Ballhaus as its interim president and CEO, effective Saturday, and that a search for a suitor has failed. Ballhaus succeeds Mark Aslett, who has resigned, also effective Saturday, Mercury said. The board has launched a “comprehensive” search to identify its next permanent CEO, the company said.