V2X, Inc. has announced a change in its executive leadership, with Jeremy Wensinger being appointed as the President and CEO, effective from June 17, 2024, succeeding Chuck Prow. Wensinger brings with him a distinguished 35-year career in the defense and government services industry, most recently serving as the Chief Operating Officer of Peraton Inc.
Under Prow's leadership, V2X witnessed significant organic growth and diversified its contract and customer base, established new technological and service capabilities, and improved the customer and employee experience. The company has also completed a transformational merger of Vectrus with Vertex to create the V2X platform.
V2X, formed by the merger of Vectrus and Vertex, boasts a global team of approximately 16,000 employees and brings a combined 120 years of successful mission support, offering integrated solutions across operations and logistics, aerospace, training, and technology markets.
As the company prepares for this leadership transition, Wensinger expressed his enthusiasm for the opportunity to build on the growth and operating improvements achieved by V2X and capitalize further on its market potential.
The financial and operational performance during Prow's tenure has positioned V2X for its next chapter of growth, as the company aims to execute on its strategic and financial goals under Wensinger's leadership. As a result of these announcements, the company's shares have moved -2.5% on the market, and are now trading at a price of $47.87. For the full picture, make sure to review V2X's 8-K report.
