Heller to depart PAE

The longtime chief executive of PAE will step down this week, according to a new filing with the Securities and Exchange Commission.

In the document, PAE said John Heller, who has served as CEO since 2013, submitted his resignation "for personal reasons."

"Mr. Heller's letter provided that his resignation is effective on March 19, 2021," the company said. "Mr. Heller's resignation was not due to any disagreement with PAE Incorporated on any matter relating to its operations, policies or practices."

PAE said its board today named Charles Peiffer interim president and CEO, effective March 19. He has served as PAE's chief financial officer since 2014.

In a statement, PAE said the board will begin a search process for a new CEO.

"The Board will engage an executive search firm and will consider both internal and external candidates," the company said.