From Financialpost · · 1m 10s
Frequency Electronics Appoints New CFO
Frequency Electronics names Allen Kaplan as new CFO, reaffirms 2029 financial targets.
In brief
Frequency Electronics names Allen Kaplan as new CFO, reaffirms 2029 financial targets. Frequency Electronics appoints Allen Kaplan as CFO effective November 1, 2026, and reaffirms minimum revenue of $150 million by fiscal 2029. Originally reported by Financialpost.
New CFO Appointed
Frequency Electronics announces Allen Kaplan as new CFO effective November 1, 2026.
CFO Background
Kaplan previously led finance at Leidos Defense Sector and worked at Lockheed Martin from 2005 to 2016.
CFO Transition
Kaplan succeeds Steven L. Bernstein, who retires effective November 1, 2026.
CEO Statement
CEO Tom McClelland praised Kaplan's 21 years of experience and thanked Bernstein for 16 years of service.
Financial Targets
Company reaffirms minimum revenue of $150 million, gross margin of 50%, and operating margin of 30% by fiscal 2029.
Company Background
Frequency Electronics is a world leader in precision time and frequency generation technology for satellites and defense systems.
CFO Experience
Kaplan served as Business Operations Director at Leidos from 2022 and held increasing finance roles since 2016.
Education
Kaplan earned a Bachelor’s in Supply Chain Management from Pennsylvania State University and a Master of Business Administration from Villanova University.
The short version
Frequency Electronics appoints Allen Kaplan as CFO effective November 1, 2026, and reaffirms minimum revenue of $150 million by fiscal 2029.
