Pegasus Steel has appointed industry executive Brian Carter as incoming CEO in a string of leadership moves at the naval shipbuilding material provider following its acquisition by Arlington Capital Partners in June.
He will succeed Pegasus Steel Founder Tony Deering, who will transition to the role of executive adviser by the end of 2023 and continue to serve on the board as a minority investor in the company.
Carter, most recently executive vice president of manufacturing at Nexii Building Solutions, will bring to the position over 25 years of industry leadership experience.
His industry career included time as president and CEO of Seaspan Shipyards and as an executive at General Dynamics’ (NYSE: GD) NASSCO business.
Pegasus Steel also named industry executive Matt DeMichiel as vice president of corporate development and David Goggins, a retired U.S. Navy rear admiral, as an independent board member.
Prior to Pegasus, DeMichiel advised on transactions in the defense, aerospace and industrial sectors at UBS Investment Bank in New York. The Naval Academy graduate also served as a surface warfare officer.
Goggins held a leadership position in the AUKUS trilateral security partnership before retiring in July. He started his naval career as a submariner and assumed the role of program manager for the Navy’s Columbia-class and Virginia-class submarine programs.
“These appointments are a critical and necessary step in the Company’s strategic growth vision to meet the country’s submarine and shipbuilding objectives by expanding production capacity, broadening capabilities and strengthening business infrastructure,” Deering said.
