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Cubic Corporation have announced the appointment of three new leaders to its Cubic Global Defense business division.
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Three new faces will join Cubic's executive team: Mark Schmaltz, vice president and general manager of synthetic/digital solutions; Michael Maughan, vice president of business development and strategy; and Kenneth Lowe, vice president of financial operations and controller.
A release from the company said that "all three executives will play key roles in Cubic’s transformation journey as it focuses on growth, digital product innovation and new recurring revenue streams".
“Cubic Global Defense has a rich history of developing cutting-edge solutions for the US military and our allied nations and we continuously look for new innovative ways to strengthen our business,” said Mike Knowles, president, Cubic Global Defense.
“I am very pleased to welcome Mark, Mike and Ken to our team during this significant time as we continue to accelerate our growth and meet our strategic vision.”
Cubic also announced that the company is introducing a new synthetic/digital solutions business line, to compliment its existing air and ground training solutions line.
The new line consists of maritime, virtual, immersive and game-based technologies, and will focus on "Cubic’s simulation and digital transformation initiatives and is comprised of Cubic’s Orlando, Austin and Denmark studios".
Schmaltz is a business/program management executive with experience delivering major revenue growth and robust business wins. Prior to Cubic, he worked for Rockwell Collins for over 30 years, where he was responsible for significantly increasing revenue streams in the company’s defence, commercial and training markets globally. He will take on the role of vice president and general manager of synthetic/digital solutions, overseeing Cubic’s Orlando, Austin and Denmark studios.
Maughan is a business development executive with a background in corporate, engineering, government and military. He was previously the senior director of advanced programs and strategic development for General Atomics. As vice president of business development and strategy, Maughan will be responsible for the global business development efforts across the CGD business, including the implementation and execution of business strategies that align with Cubic’s corporate long-term strategy.
Lowe is a finance executive who previously served as the vice president of finance for L3 Technologies’ Electron Devices Division. Lowe will be responsible for the general and cost accounting activities for CGD in his new role as vice president of financial operations and controller. He will drive the financial planning process, including the analysis of return on investments and will execute measures to increase profit and cash flow.
