KBR hires CEO, finance chief to lead government spinoff

KBR has hired both a CEO- and chief financial officer-designate for the government business that is being spun off into an independent, publicly-traded company in a move anticipated for completion on Jan. 4.

Michael LaRouche, currently chief executive of Serco Group’s North American subsidiary, will join KBR on Sept. 24 to lead the company KBR is currently calling SpinCo as a placeholder name.

Nicholas Veasey, currently chief financial officer of MAG Aerospace, will join KBR on July 1 as CFO-designate for SpinCo. KBR plans to reveal the name and brand identity of SpinCo in July, the company said Thursday.

KBR is positioning SpinCo to enter the market as a $5 billion-annual revenue entity that employs 20,000 people who work on programs involving digital integration, artificial intelligence, mission engineering and rapid prototyping.

KBR placed at No. 20 on the 2026 Washington Technology Top 100, which ranks the U.S. government market's largest technology and services contractors.

When KBR announced the spinoff plan in September, it described SpinCo’s revenue mix as comprising two-thirds in the U.S. market and the other one-third as international.

LaRouche joined Serco North America as CEO in October after three decades in leadership roles at Science Applications International Corp., Raytheon and Lockheed Martin. He was a sector president at SAIC, where he spent five years.

Serco Group acknowledged LaRouche’s pending departure in a Thursday trading update, which said he will remain with the company to support the transition and that “a process to appoint his successor is well underway.”

Veasey has worked in the CFO role at MAG for six years. His two-decade industry career also includes a stint at Booz Allen Hamilton as vice president of treasury, mergers-and-acquisitions, and investor relations.