Cubic Corporation (NYSE: CUB) announced that effective July 1, Bill Toti will succeed Jimmie Balentine as president of Cubic’s Mission Support Services segment. Toti will also serve as a senior vice president of Cubic Corporation. To ensure a smooth transition, Balentine will remain at Cubic until the end of the fiscal year serving as chairman of Mission Support Services. Balentine will then serve in a part time role as an executive advisor to Toti. Balentine’s retirement comes after more than 20 years with the company. Balentine successfully grew the business unit from $25 million to nearly $500 million during his tenure.
“I want to thank Jimmie Balentine for his extraordinary efforts leading our Mission Support Services business segment. Jim has demonstrated outstanding leadership and built a world-class team,” said Brad Feldmann, president and chief operating officer of Cubic Corporation.
“We are delighted to welcome Bill to Cubic. He brings the right talent and experience to this important role as we continue to seek ways to expand growth prospects for the company. Bill is a proven leader with a solid track record in mission-oriented businesses including large scale IT enterprises deployment and support.”
Before joining Cubic, Toti worked at the Hewlett-Packard Company as vice president and account executive for the U.S. Navy and Marine Corps Accounts for HP Enterprise Services. During his tenure at HP, Toti led a $1.3 billion per year business unit and successfully led the HP team that won the re-compete of the Next Generation Enterprise Network project. He led all IT strategy, service design, service transition, service operations and continuous service improvement for the Navy and Marine Corps Internet and other Navy/Marine networks. Prior to HP, Toti was vice president of the Mission Support Operations at Raytheon Company. He also served more than 26 years in the U.S. Navy.
“I’m excited to step into this role and look forward to working closely with our customers and partners,” Toti said. “I’m looking forward to applying my diverse skills and experience to some of the biggest challenges we face today and there is no better place to do that than Cubic.”
Toti has a bachelor’s degree in physics from the U.S. Naval Academy and a master’s degree in spacecraft systems engineering and pre-doctoral electrical engineering degree from the Naval Postgraduate School. He served as a Federal Executive Fellow at the Brookings Institution specializing in Asian political-military affairs, and as a Massachusetts Institute of Technology Seminar XXI Fellow in International Affairs.
About Cubic Corporation
Cubic Corporation is the parent company of three major business segments. Cubic Transportation Systems is a leading integrator of payment and information technology and services for intelligent travel solutions. Cubic Defense Systems is a leading provider of realistic combat training systems and secure communications. Mission Support Services is a leading provider of training, operations, maintenance, technical and other support services for the U.S. and allied nations. For more information about Cubic, see the company’s Web site at www.cubic.com.
Information Source: WEBWIRE