logo
  

Maxar Technologies CFO Biggs Porter To Retire In 2023

Maxar Technologies (MAXR, MAXR.TO), Thursday announced that its Chief Financial Officer Biggs Porter plans to retire from the company sometime in 2023.

Porter will remain in a consulting role following his retirement through March of 2024 to assist with the transition of the CFO office.

Maxar said it has initiated a search process to identify the company's next CFO. Porter will continue as CFO until a successor is appointed and will assist with the process in order to ensure a seamless transition.

"Biggs has been instrumental in driving Maxar's growth and financial transformation over the last several years," said Maxar Chief Executive Officer Dan Jablonsky. "Under Biggs' leadership, Maxar has reduced leverage, generated topline growth, margin expansion and significantly increased free cash flow. Thanks to his contributions, we have strengthened Maxar's place as a global space leader and better positioned the company for long-term growth and value creation. On behalf of the Board and management team, I want to thank Biggs for his dedication to Maxar and I look forward to working together with him as we transition to a new CFO."

"It has been extremely rewarding to have been a part of such a great team and such an innovative and impactful company," said Porter. "With the progress we have made on our strategic growth plans, I am confident now is the right time to begin this transition. I look forward to seeing its continued success."

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Integrated energy company Chevron reported Friday that profit for the fourth quarter increased 25 percent from last year, reflecting 17 percent revenue growth amid higher realizations and higher margins on refined product sales. Adjusted earnings per share missed analysts' estimates, while quarterly revenues topped it. Reno, Nevada-based ZLINE Kitchen and Bath has expanded its recall of gas ranges citing serious risk of injury or death from carbon monoxide poisoning, the U.S. Consumer Product Safety Commission announced. The recall now includes about 30,000 units of ZLINE gas ranges, including about 28,000 units... The Food and Drug Administration's independent advisory committee unanimously recommended replacing the current original COVID vaccines used in the U.S. for primary shots with new bivalent omicron shots authorized as boosters, reports said. The committee also considered the proposal for annual COVID vaccination, however, didn't vote on it.
Follow RTT