ATS Corporation announced that Chief Financial Officer Ryan McLeod will step down effective February 15, 2026, to join CAE as its new CFO, a move that will allow him to bring his extensive experience in scaling finance functions to a leading simulation and training technology company.
Anne Cybulski, the company’s Vice President of Corporate Controller, will serve as interim CFO. Cybulski has been with ATS since 2009, has held progressive finance roles, and previously stepped in as interim CFO, giving her a deep understanding of the firm’s financial operations and strategic priorities.
McLeod’s nearly 18‑year tenure at ATS has been marked by significant growth: revenue rose from roughly $1.4 billion when he joined in 2007 to about $3.0 billion by early 2026, while gross margin expanded from the low‑teens to the high‑20s. He led the company’s U.S. IPO, oversaw 18 strategic acquisitions, and steered the shift toward higher‑margin life‑sciences and energy verticals.
ATS’s recent financial performance underscores the context of the transition. In Q2 2025 the company reported revenue of $729 million, up 19% year‑over‑year, and in Q1 2026 revenue of $737 million, up 6.1% YoY. The order backlog stood at approximately $2.1 billion, and the company recorded $3.3 billion in bookings for the full year, reflecting strong demand in its core verticals.
Management emphasized continuity and confidence in the transition. CEO Doug Wright said, “Ryan’s leadership has been a key component to ATS’ growth. He has built a solid and capable finance team that will support a smooth transition as we move forward.” Chairman Michael Martino added, “Ryan’s nearly 20 years with the Company helped strengthen our financial foundation and position the organization for long‑term success.”
The interim appointment signals ATS’s intent to maintain momentum while the board searches for a permanent CFO. Cybulski’s experience and familiarity with the company’s strategic initiatives are expected to provide stability during the transition and support the ongoing focus on high‑margin verticals.
McLeod will begin his role at CAE on February 23, 2026, where he will oversee the global finance function and support the company’s strategic growth initiatives, bringing his track record of scaling finance operations to a new industry.
While the market has not yet reacted with a specific price move, analysts note that ATS’s valuation premium and the company’s strong backlog suggest investors are pricing in a smooth handoff and continued execution of its growth strategy.
The content on EveryTicker is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.