BigBear.AI (NYSE: BBAI) has announced the appointment of Kevin McAleenan as the new Chief Executive Officer, effective January 15, 2025, succeeding Mandy Long. McAleenan, who currently serves as BigBear.AI’s president, has extensive government and business experience, including serving as the acting secretary of the U.S. Department of Homeland Security and as the commissioner of U.S. Customs and Border Protection.
Under Mandy Long's leadership, the company has made significant strides in enhancing its product portfolio and financial position, which has positioned BigBear.AI as a leading AI solutions provider focused on national security imperatives.
Kevin McAleenan expressed his enthusiasm about his new role, highlighting the company's unique position to support its customers' objectives with domain expertise and cutting-edge technology.
From a financial perspective, it's important to note that during Mandy Long's tenure, BigBear.AI experienced notable growth and development. It will be interesting to observe how McAleenan's leadership will impact the company's financial performance in the coming quarters. The market has reacted to these announcements by moving the company's shares 2.2% to a price of $4.24. For more information, read the company's full 8-K submission here.