ASHBURN, Va., Nov. 02, 2026 (GLOBE NEWSWIRE) — Telos Co po atio (NASDAQ: TLS), a leadi g p ovide of cybe , cloud a d e te p ise secu ity solutio s fo the wo ld’s most secu ity-co scious o ga izatio s, today a ou ced that its Boa d of Di ecto s has appoi ted Executive Vice P eside t Ma k G iffi as the compa y’s Chief Executive Office , effective today. Joh B. Wood will t a sitio f om CEO to Executive Chai ma , effective today.
“Joh ’s leade ship has guided Telos th ough its tu a ou d a d etu to g owth, a d the Boa d is g ateful fo the visio a d commitme t he has b ought to the compa y. Ma k has spe t decades se vi g Telos; his k owledge of ou custome s, ope atio s a d p og ams gives the Boa d co fide ce i his eadi ess to lead. We believe Telos ca build o its p og ess u de Ma k’s leade ship, with Joh ’s cou sel as Executive Chai ma p ovidi g co ti uity th ough this t a sitio ,” said F ed Schaufeld, a membe of Telos’ Boa d of Di ecto s.
As Executive Chai ma , Wood will emai Chai ma of the Boa d a d will step away f om day-to-day ope atio s a d advise the compa y, focusi g o its p oduct oadmap a d lo g-te m sales st ategy. He has se ved as Telos CEO si ce 1994.
“Ma k a d I have wo ked togethe fo 35 yea s th ough impo ta t chapte s i Telos’ g owth. Alo g the way, we’ve cultivated a disti ctive custome i timacy g ou ded i k owi g ou custome s a d u de sta di g thei eeds. I’m deeply p oud of what we’ve accomplished togethe , a d I have full co fide ce i Ma k’s ability to lead Telos i to its ext chapte . As Executive Chai ma , I look fo wa d to co ti ui g ou pa t e ship a d suppo ti g him as he leads the compa y,” said Joh B. Wood, Executive Chai ma of Telos.
Ma k G iffi joi ed Telos i 1984 a d cu e tly se ves as executive vice p eside t of Secu ity Solutio s. He b i gs mo e tha 30 yea s of executive leade ship expe ie ce spa i g busi ess st ategy, fi a cial pe fo ma ce a d ope atio al executio . I his cu e t ole, he leads ma ket expa sio , p oduct developme t a d tech ological i ovatio , a d di ects the developme t a d ma ageme t of Telos’ i tellectual p ope ty po tfolio. He has held ope atio al espo sibility fo majo p og ams suppo ti g the U.S. fede al gove me t a d comme cial ma kets. Telos c edits his leade ship with co t ibuti g to ece t g owth a d imp oveme ts i ope atio al efficie cy a d p ofitability.
“I’m ho o ed by the Boa d’s co fide ce a d g ateful to Joh fo his leade ship a d pa t e ship. I’ve see fi stha d the st e gth of Telos’ custome elatio ships a d the commitme t of ou employees to the missio s we suppo t. I look fo wa d to wo ki g with ou team a d custome s to build o the compa y’s ece t etu to g owth a d execute its st ategic p io ities,” said Ma k G iffi , Chief Executive Office of Telos.
Telos will epo t its thi d qua te 2026 fi a cial esults o Mo day, Novembe 9, 2026. Ma ageme t will host a webcast to discuss the esults a d busi ess outlook at 9:30 a.m. ET.
Although the Compa y bases these fo wa d-looki g stateme ts o assumptio s that its ma ageme t believes a e easo able whe made, the Compa y cautio s the eade that fo wa d-looki g stateme ts a e ot gua a tees of futu e pe fo ma ce a d that the Compa y’s actual esults of ope atio s, fi a cial co ditio a d liquidity, a d i dust y developme ts, may diffe mate ially f om stateme ts made i o suggested by the fo wa d-looki g stateme ts co tai ed i this elease. Give these isks, u ce tai ties a d othe facto s, ma y of which a e beyo d its co t ol, the Compa y cautio s the eade ot to place u due elia ce o these fo wa d-looki g stateme ts. A y fo wa d-looki g stateme t speaks o ly as of the date of such stateme t a d, except as equi ed by law, the Compa y u de takes o obligatio to update a y fo wa d-looki g stateme t publicly, o to evise a y fo wa d-looki g stateme t to eflect eve ts o developme ts occu i g afte the date of the stateme t, eve if ew i fo matio becomes available i the futu e. Compa iso s of esults fo cu e t a d a y p io pe iods a e ot i te ded to exp ess a y futu e t e ds o i dicatio s of futu e pe fo ma ce, u less specifically exp essed as such, a d should o ly be viewed as histo ical data.
