Management ChangeJun 25, 2026, 06:02 AM
KBR Appoints CEO-Designate, CFO-Designate for Spin-Off
AI Summary
KBR announced the appointments of Michael LaRouche as President and CEO-Designate and Nicholas Veasey as EVP and CFO-Designate for its planned spin-off entity (SpinCo) of the Mission Technology Solutions business. LaRouche will join KBR on September 24, 2026, and Veasey on July 1, 2026, ahead of the spin-off's expected completion on January 4, 2027. SpinCo is projected to launch with over $5 billion in annual revenue and 20,000 employees, aiming to provide technology-forward solutions for national security and space missions.
Key Highlights
- Michael LaRouche appointed President and CEO-Designate of SpinCo.
- Nicholas Veasey appointed EVP and CFO-Designate of SpinCo.
- LaRouche joins KBR on September 24, 2026, Veasey on July 1, 2026.
- Spin-off of Mission Technology Solutions (MTS) expected January 4, 2027.
- SpinCo will launch with over $5 billion in annual revenue.
- SpinCo will have 20,000 employees and a global footprint.
- Spin-off is intended to be tax-free for U.S. federal income tax purposes.
Price Impact
More from KBR