Mercury Systems CFO to step down

Mercury Systems announced today that Michael Ruppert, the company's executive vice president and chief financial officer and treasurer, will step down effective Feb. 17.

Ruppert is stepping down "to accept an opportunity at a private company," a Mercury statement reads.

Michelle McCarthy, the company's chief accounting officer, will serve as Mercury's interim CFO, according to the statement.

The Mercury statement emphasized that Ruppert's departure "is not related to any issues or disagreements regarding the company's financial statement disclosures or accounting policies or practices."

The company has initiated a search process, with the assistance of an executive search firm, to identify a permanent successor, according to the statement.

McCarthy joined Mercury in 2018 with responsibilities spanning financial reporting, accounting, and tax operations. She previously worked for companies like Analog Devices and Ernst & Young.

Nelson Erickson, senior vice president for strategy and corporate development, "will assume additional responsibility for the Investor Relations function," Mercury said.