CHANTILLY, Va. - Amentum, a global engineering and technology solutions provider with a market capitalization of $5.9 billion, has appointed Darren Burton as its new Chief People Officer, the company announced today. Burton will be responsible for leading the company's talent strategy, managing a diverse workforce of 53,000 employees across 80 countries. According to InvestingPro analysis, the company maintains strong financial health with notably low debt levels.
With over 20 years of experience in human resources, Burton has a track record of developing strategies to attract and motivate top talent in competitive business environments. "Darren brings over two decades of experience in proven strategies designed to attract and motivate top talent to thrive in competitive and disruptive business environments," said John Heller, CEO of Amentum.
Before joining Amentum, Burton served as Chief People Officer at Eightfold AI and held significant HR roles at KPMG, including Vice Chair of Human Resources and a member of the management committee. He also served on the board of directors of the KPMG U.S. Foundation Inc. His career also includes a tenure as a senior HR executive at Raytheon Company (NYSE:RTN), where he led HR strategies for a $6 billion organization. Amentum itself generates annual revenue of $5.6 billion, with a healthy current ratio of 2.09 indicating strong liquidity.
"I'm excited to join Amentum at such a landmark time," Burton stated. "I look forward to the challenge of harmonizing and improving the employee journey while attracting innovative talent to this newly merged, leading global solutions provider."
Burton's academic background includes a BA with honors in sociology from the University of Oswego and a master's degree in industrial and labor relations from Cornell University.
Amentum is known for providing advanced engineering and technology solutions for the U.S., the U.K., and other allied nations, as well as commercial markets. The company emphasizes safety, inclusion, and well-being as integral to its success. InvestingPro analysis suggests the stock is currently undervalued, with additional insights and detailed financial metrics available to subscribers. Get access to over 8 exclusive ProTips and comprehensive financial analysis at InvestingPro.
This leadership change comes as Amentum continues to expand its global presence, addressing significant challenges in science, security, and sustainability. The information in this article is based on a press release statement.
In other recent news, Amentum Holdings has implemented a new Severance Plan for Key Employees and finalized employment contracts for top executives. The company has also initiated award agreements under the 2024 Stock Incentive Plan for restricted stock units and performance share units. Additionally, Amentum has been awarded a $490 million contract by the U.S. Navy for the T-54A Multi Engine Training System and secured a contract with NASA valued at up to $256 million. Stephen A. Arnette has been appointed as the new Chief Operating Officer and the company has expanded its stock authorization to a total of 153,280,369 issued and outstanding shares. Amentum's shares have been initiated with a Buy rating by Truist Securities. These are recent developments that may influence investment decisions.
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