MDA Board appoints Howard Lance as the new CEO

MDA Board appoints Howard Lance as the new CEO

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Canada: Communications and information company, MDA has appointed Mr. Howard Lance as president and Chief Executive Officer of the company. Lance will join the MDA from May 16, 2016. The Board expects to appoint Mr. Lance to the MDA Board of Directors shortly after he joins the company.

Lance succeeds Daniel Friedmann, who has served as CEO since 1995. Mr. Friedmann will continue to serve as member of the Board of Directors. This appointment is part of MDA’s broader strategy to position itself to enable the Company to bid and execute a much broader range of U.S. Government and commercial contracts.

Lance was Chairman and CEO of Harris Corporation, an international communications and information company serving government and commercial customers.  During this period, the company posted top- and bottom-line growth at a compounded annualized rate of 14 and 22% respectively.

Speaking on behalf of the MDA Board, Chairman Bob Phillips said, “Mr. Lance brings to MDA a unique combination of skills and experience that make him ideally suited to lead MDA in further advancing its strategy of U.S. expansion. Throughout his career, Mr. Lance established a strong record of driving growth across multiple global businesses, and building teams that make these businesses thrive.”

“I am thrilled to be joining MDA at such an important time in the Company’s history,” said Howard Lance.  “During the past decade, MDA has transitioned into a leading provider of highly dependable satellite communication and information solutions to commercial and government customers worldwide. With its strong financial position and robust pipeline of opportunities, particularly in the U.S., the company is ideally positioned for further growth. I look forward to working with the Company’s management team and employees to build on the success it has achieved.”

Chairman Bob Phillips added, “Under Dan’s leadership, MDA has transitioned from a $100 million primarily domestic and privately held ground systems company to a $2 billion internationally oriented and publicly traded satellite communication and information company.”

Source: MDA