Comtech Telecommunications Corp. announced a leadership transition in its finance department, appointing Richard Nyren as the incoming Chief Financial Officer. The current CFO, Michael Bondi, will depart following a transition period. These changes are part of the company's strategic realignment to focus on its public safety technology business following the anticipated sale of its Satellite & Space Communications segment.
Key Details
- Outgoing CFO: Michael Bondi will continue to serve as CFO through the filing of the company's Q1 FY2027 Form 10-Q to ensure an orderly transition. His departure is described as amicable.
- Incoming CFO: Richard Nyren was appointed Executive Vice President, Finance, effective October 8, 2026. He will assume the role of CFO one day after the Q1 FY2027 10-Q filing.
- New CFO Compensation: Mr. Nyren's employment agreement includes an annual base salary of $425,000, a target annual bonus of 75% of his base salary, and a $100,000 sign-on bonus.