CPI Aerostructures Appoints Robert Mannix as Chief Financial Officer
MWN-AI** Summary
CPI Aerostructures, Inc. (NYSE American: CVU) announced the appointment of Robert Mannix as Chief Financial Officer, effective December 9, 2025. Mannix takes over from Pamela Levesque, who served as Interim CFO and will continue to contribute as a member of the Board of Directors. With over 30 years of experience in financial operations, Mannix brings extensive expertise across various financial disciplines, including accounting, financial reporting, and compliance.
Before joining CPI Aero, Mannix held key positions at West Technology Group, where he was Executive Vice President and Chief Accounting Officer, overseeing global financial operations. He also served as Senior Vice President and Corporate Controller at Verint Systems, directing financial functions, and had a lengthy tenure at Motorola in senior finance roles. His career began at Ernst & Young, where he led audit and advisory engagements, notably in the aerospace and defense sectors.
Dorith Hakim, President and CEO of CPI Aero, expressed confidence in Mannix's leadership and financial management skills, emphasizing that Mannix's appointment enhances the company's seasoned leadership team. Hakim also acknowledged Pamela Levesque’s dedication during her interim tenure and her ongoing role on the board.
CPI Aerostructures is recognized as a key player in the aerospace and defense industry, providing engineering, program management, and supply chain services to both the U.S. Department of Defense and major contractors globally. The company prides itself on combining the capabilities of a large firm with the responsive service characteristic of smaller companies.
This announcement highlights CPI Aero's commitment to strengthening its financial leadership and maintaining operational excellence as it continues to navigate the complex aerospace market landscape.
MWN-AI** Analysis
CPI Aerostructures’ recent appointment of Robert Mannix as Chief Financial Officer marks a strategic move that investors should monitor closely. With over 30 years of financial experience, including significant roles in publicly traded companies and a strong background in various financial operations, Mannix is poised to enhance CPI Aero's operational efficiency and financial performance.
Mannix’s previous experience at West Technology Group and Verint Systems offers him considerable expertise in managing complex financial frameworks, crucial for a company like CPI Aero, which operates in the highly regulated aerospace and defense sectors. This background suggests that CPI Aero may see improved financial reporting and compliance, which can bolster investor confidence.
The company’s status as a prime contractor for the U.S. Department of Defense and its relationships with leading aerospace contractors provide a stable revenue foundation. The appointment of Mannix could signal initiatives to optimize cash flow, reduce costs, and implement more rigorous financial discipline. Investors should look for any announcements regarding financial strategies under Mannix's leadership, particularly in managing operational costs and capital allocation.
Additionally, the transition from interim CFO Pamela Levesque to Mannix highlights a commitment to establishing a robust financial oversight framework—critical for navigating the volatile defense market. Investors should also consider the broader market implications of CPI Aero's operations, including potential shifts in defense spending and technological advancements that may affect demand for their services.
In conclusion, while the appointment of Mannix could serve as a catalyst for improved financial health at CPI Aero, investors should remain vigilant regarding economic conditions, competition, and sector dynamics that could impact the company's growth trajectory. Keeping an eye on quarterly earnings reports and strategic initiatives will be essential for assessing CPI Aero's performance moving forward.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
EDGEWOOD, N.Y., Dec. 09, 2025 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. (“CPI Aero®” or the “Company”) (NYSE American: CVU) announced today that it has appointed Robert Mannix to the position of Chief Financial Officer. Pamela Levesque, Interim Chief Financial Officer, will step down but will remain on CPI Aero’s Board of Directors.
Mr. Mannix has over 30 years of experience in all aspects of financial operations at publicly-traded companies including accounting, financial reporting, audit and compliance, treasury, tax, and financial planning and analysis.
Prior to joining CPI Aero, Mr. Mannix served as Executive VP, Chief Accounting Officer, and Head of Tax & Treasury at West Technology Group, a global leader in technology-enabled services based in Islandia, NY, where he was responsible for global financial operations. Prior to that Mr. Mannix served as SVP and Corporate Controller of Verint Systems where he directed accounting, compliance, and financial functions. Earlier in his career, he held various senior finance roles at Motorola.
Mr. Mannix began his career at Ernst & Young, leading audit and advisory engagements across multiple industries including the aerospace and defense and manufacturing. Mr. Mannix is a CPA in New York State and holds a bachelor’s degree in accounting from Pace University.
“The appointment of Robert Mannix brings seasoned leadership to our Finance Team and proven management of financial operations, while augmenting CPI Aero's experienced leadership team. We look forward to his contributions to ensuring CPI Aero has best-in-class financial operations and disciplines,” said Dorith Hakim, President and CEO. “I want to personally thank Pamela Levesque for stepping in as Interim Chief Financial Officer, a testament to her dedication to the company, and I am grateful that she will continue to provide us with valuable guidance as a member of CPI Aero’s Board of Directors.”
About CPI Aero
CPI Aero is a prime contractor to the U.S. Department of Defense as well as a Tier 1 subcontractor to some of the largest aerospace and defense contractors in the world. CPI Aero provides engineering, program management, supply chain management, assembly operations and MRO services to this global network of customers. CPI Aero is recognized as a leader within the international aerospace market in such areas as aircraft structural assemblies, military advanced tactical pod structures, engine air inlets, and complex welded products. CPI Aero’s international customer base enjoys a unique combination of large-company capabilities, matched with small-company value, responsiveness, and personal customer service.
Forward-looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included or incorporated in this press release are forward-looking statements.. The Company does not guarantee that it will actually achieve the plans, intentions or expectations disclosed in its forward-looking statements and you should not place undue reliance on the Company’s forward-looking statements.
Forward-looking statements involve risks and uncertainties, and actual results could vary materially from these forward-looking statements. There are a number of important factors that could cause the Company’s actual results to differ materially from those indicated or implied by its forward-looking statements, including those important factors set forth under the caption “Risk Factors” in the Company’s Annual Report on Form 10-K for the period ended December 31, 2024 filed with the Securities and Exchange Commission. Although the Company may elect to do so at some point in the future, the Company does not assume any obligation to update any forward-looking statements and it disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
CPI Aero® is a registered trademark of CPI Aerostructures, Inc. For more information, visit www.cpiaero.com, and follow us on Twitter @CPIAERO.
| Contacts: | |
| Investor Relations Counsel Alliance Advisors IR Jody Burfening (212) 838-3777 cpiaero@allianceadvisors.com | CPI Aerostructures, Inc. Robert Mannix Chief Financial Officer (631) 586-5200 rmannix@cpiaero.com www.cpiaero.com |
FAQ**
How might Robert Mannix's extensive experience in financial operations benefit CPI Aerostructures Inc. (CVU) as it navigates the challenges of the aerospace and defense sectors?
What specific strategies does CPI Aerostructures Inc. (CVU) plan to implement under Mannix's leadership to enhance its financial operations and reporting?
With CPI Aerostructures Inc. (CVU) being a key contractor to the U.S. Department of Defense, how will Mannix's role as CFO influence contract management and compliance?
What potential risks and uncertainties does CPI Aerostructures Inc. (CVU) foresee that could impact financial performance following Mannix's appointment?
**MWN-AI FAQ is based on asking OpenAI questions about CPI Aerostructures Inc. (NYSE: CVU).
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