The DOJ and SEC levied accounting fraud charges against three Alabama men for suppressing cost estimates and misleading investors at Navy shipbuilder Austal USA.
Third Austal Executive Resigns maritime-executive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from maritime-executive.com Daily Mail and Mail on Sunday newspapers.
LCS shipbuilder president resigns amid US and Australian financial investigations February 22
The littoral combat ship Jackson pierside in San Diego, Calif. Construction costs on Jackson led to a $115 million write-off that is now the subject of international investigations. (Lt. Miranda Williams/U.S. Navy) WASHINGTON – The head of Alabama shipbuilder Austal USA has resigned amid investigations from U.S. and Australian authorities into a $115 million loss the company posted in 2016 that was tied to the builder’s Independence-class littoral combat ship program. The company announced in a press release Monday that Austal USA President Craig Perciavalle has resigned and been replaced in the interim by Rusty Murdaugh, the company’s chief financial officer.
Leadership change at Austal USA: CEO has resigned, shipbuilder says
Updated Feb 22, 2021;
Posted Feb 22, 2021
From left: U.S. Rep. Bradley Byrne, his wife Rebecca Byrne and Austal USA President Craig Perciavalle applaud remarks at the christening ceremony for the future USS Mobile on Dec. 7, 2019. (Lawrence Specker | LSpecker@AL.com)Lawrence Specker | LSpecker@AL.com
Facebook Share
Shipmaker Austal announced Monday that it had accepted the resignation of Austal USA President Craig Perciavalle following U.S. and Australian investigations into “historical matters” in the Littoral Combat Ship program.
Employees at Austal USA’s Mobile shipyard were notified by text Monday afternoon that President Craig Perciavalle had resigned. A company spokesman confirmed the contents of the text, which also said that Austal USA Chief Financial Officer Rusty Murdaugh had been named interim president and would continue to serve as CFO, a post he has held four years.
LCS shipbuilder president resigns amid US and Australian financial investigations navytimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from navytimes.com Daily Mail and Mail on Sunday newspapers.