ICF Announces Major Executive Transition with CFO Retirement and New Leadership Roles for Growth
In a significant move aimed at positioning the company for future expansion, ICF (NASDAQ: ICFI), a prominent global solutions and technology provider, has recently announced a series of executive leadership changes. These changes come at a pivotal time as ICF looks ahead to the next phase of its growth strategy.
The company has confirmed that Barry Broadus, the current Chief Financial Officer (CFO), will retire on March 1, 2026. This retirement follows a remarkable career that spans 40 years in finance, with Broadus joining ICF just a few years ago in 2022. Upon his retirement, he will continue to contribute as a consultant, ensuring a smooth transition during this period of change.
Taking the reins as Chief Operating and Financial Officer (COFO) will be James Morgan, who has been with ICF for many years and currently holds the position of Chief Operating Officer (COO). Morgan has played a pivotal role in enhancing ICF's operational efficiency and financial performance and is well-positioned to lead the company into its next chapter. His experience over 30 years in the field will be invaluable as he focuses on balancing financial discipline with strategic innovation. Moreover, he will be instrumental in driving the company's acquisition strategies and oversight of financial performance.
Meanwhile, Anne Choate, who has served as Executive Vice President, will ascend to the role of President starting in early 2026. Choate has been a critical figure in expanding ICF's energy, environment, and disaster recovery client markets. Notably, her leadership has seen significant growth in the commercial energy sector, which has become a key revenue stream, accounting for approximately 30% of the company's total revenues. As President, Choate will oversee ICF's four client-facing business groups and spearhead business development initiatives, with a focus on leveraging technology and artificial intelligence to enhance client satisfaction and drive growth.
John Wasson, the Chair and CEO of ICF, expressed gratitude for the contributions of Broadus while expressing confidence in Morgan and Choate's capabilities. He emphasized the importance of these leadership transitions in accelerating ICF's strategy for growth and operational excellence. Wasson noted, "James and Anne are experienced leaders who will work closely with the executive leadership team and our board of directors to execute our growth plans, including organic growth and strategic acquisitions."
As ICF continues to navigate a rapidly changing business landscape, the company is committed to leveraging its robust leadership team to capitalize on new opportunities and drive profitability. Their comprehensive approach integrates unmatched industry expertise with innovative engagement capabilities, ensuring that ICF remains a leader in providing solutions that address complex challenges faced by both public and private sector clients.
Looking ahead, these changes signify ICF's proactive strategy to enhance its market position and ensure a sustainable business model that can adapt to future demands. With Morgan steering the financial strategy and Choate at the helm of client-facing operations, ICF is well-equipped to achieve its ambitious goals while continuing to serve its clients effectively.
To learn more about ICF and its solutions, visit icf.com.
The company has confirmed that Barry Broadus, the current Chief Financial Officer (CFO), will retire on March 1, 2026. This retirement follows a remarkable career that spans 40 years in finance, with Broadus joining ICF just a few years ago in 2022. Upon his retirement, he will continue to contribute as a consultant, ensuring a smooth transition during this period of change.
Taking the reins as Chief Operating and Financial Officer (COFO) will be James Morgan, who has been with ICF for many years and currently holds the position of Chief Operating Officer (COO). Morgan has played a pivotal role in enhancing ICF's operational efficiency and financial performance and is well-positioned to lead the company into its next chapter. His experience over 30 years in the field will be invaluable as he focuses on balancing financial discipline with strategic innovation. Moreover, he will be instrumental in driving the company's acquisition strategies and oversight of financial performance.
Meanwhile, Anne Choate, who has served as Executive Vice President, will ascend to the role of President starting in early 2026. Choate has been a critical figure in expanding ICF's energy, environment, and disaster recovery client markets. Notably, her leadership has seen significant growth in the commercial energy sector, which has become a key revenue stream, accounting for approximately 30% of the company's total revenues. As President, Choate will oversee ICF's four client-facing business groups and spearhead business development initiatives, with a focus on leveraging technology and artificial intelligence to enhance client satisfaction and drive growth.
John Wasson, the Chair and CEO of ICF, expressed gratitude for the contributions of Broadus while expressing confidence in Morgan and Choate's capabilities. He emphasized the importance of these leadership transitions in accelerating ICF's strategy for growth and operational excellence. Wasson noted, "James and Anne are experienced leaders who will work closely with the executive leadership team and our board of directors to execute our growth plans, including organic growth and strategic acquisitions."
As ICF continues to navigate a rapidly changing business landscape, the company is committed to leveraging its robust leadership team to capitalize on new opportunities and drive profitability. Their comprehensive approach integrates unmatched industry expertise with innovative engagement capabilities, ensuring that ICF remains a leader in providing solutions that address complex challenges faced by both public and private sector clients.
Looking ahead, these changes signify ICF's proactive strategy to enhance its market position and ensure a sustainable business model that can adapt to future demands. With Morgan steering the financial strategy and Choate at the helm of client-facing operations, ICF is well-equipped to achieve its ambitious goals while continuing to serve its clients effectively.
To learn more about ICF and its solutions, visit icf.com.
Topics General Business）
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