KBR Welcomes Mark Sopp as New CFO
KBR announced Mark Sopp as the new Chief Financial Officer (CFO) in late 2016. Mark has since relocated to Houston and joins the company as the newest member of the Executive Leadership Team, replacing CFO Brian Ferraioli who is retiring to spend more time with family.
Over the past few months, Mark has traveled around the world meeting KBR leaders and staff as he becomes acquainted with KBR's business processes and operations. During the transition, Mark and Brian worked closely together to ensure a smooth changeover for KBR's financial organization.
Mark brings many years of financial leadership experience to KBR. From 2005 to 2015, he served as CFO and Executive Vice President for Leidos Holdings, previously called SAIC, which is one of the largest publicly traded government contractors in the U.S. and also has significant technically-focused commercial professional services operations, including serving energy markets. Previously, Mark served in various executive positions with Titan Corporation, also involved in government contracting and commercial business areas.
KBR’s Executive Leadership team welcomes new CFO Mark Sopp and bids Brian Ferraioli a happy retirement.
KBR's President and CEO Stuart Bradie said: "We are delighted to welcome Mark to KBR. Along with his extensive financial and capital markets expertise, Mark's long-time experience in the government contracting sector, including knowledge of the government services investment community, will be immensely helpful as we expand our professional service offerings. I am confident that with Mark on our team we will achieve further shareholder value and financial success going forward."
Bradie also commended Ferraioli on his successful tenure at KBR saying, "We are grateful to Brian for his many significant contributions to KBR: overseeing all the financial affairs of the company, strengthening the company's financial management and reducing overall cost structure. I know Brian is looking forward to a much deserved retirement and we can all rest easy knowing that Mark is fully equipped to take on the task of KBR's financial leadership as our new CFO."
"I am excited to join the company and am privileged work with such a diverse business and workforce," said Mark. "KBR's recent transformative actions position the company for a new era of growth and value creation, and I believe my experience will complement our team in delivering that goal," he continued.
Mark earned his Bachelor's Degree in Accounting from New Mexico State University and completed the executive program from the Anderson School of Management at UCLA. In his spare time, Mark enjoys physical fitness, spending time with his wife and family, and giving back to the community in various activities. Upon joining KBR Mark and his wife Lenybelle relocated to Houston from San Diego.
