Tech company Mikros promotes VP to president

Princeton technology company Mikros Systems has a new president.

Mark J. Malone was moved up from corporate vice president to help lead the company as it grows its U.S. government clients and select commercial markets.

“Mark is a proven executive with a track record of developing new business, raising capital and managing executive-level relationships in the private and public sector,” CEO Tom Meaney said. “With over $80 million in long-term (indefinite delivery/indefinite quantity) contracts and opportunities to transition our military-grade technologies into commercial markets, Mark brings critical skills that will support our growth trajectory.”

Malone joined Mikros in May after more than 20 years in several major investment banks. Most recently, he was managing director in the Institutional Equity Capital Markets division of Guggenheim Partners.

“Mikros is an outstanding company with a solid backlog, strong customer relationships and significant opportunity to apply our technology to the industrial Internet of Things,” Malone said. “I am honored to be named president. I look forward to working with our team to advance our progress across our markets as we continue to deliver value for our shareholders.”