Booz Allen appoints Matthew Calderone as chief financial officer

15 September 2022 2 min. read
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Booz Allen Hamilton, a technology consultancy focusing on the government sector, has appointed Matthew Calderone as chief financial officer, effective October 1, 2022.

Calderone succeeds Lloyd Howell, who will retire from Booz Allen on December 31, 2022 after 34 years with the firm.

“Lloyd has helped to guide Booz Allen through a period of tremendous growth and transformation that delivered significant growth in shareholder value and strong returns,” said Horacio Rozanski, president and CEO of Booz Allen. “He has helped build a world-class financial team and contributed to making Booz Allen the industry growth leader we are today.”

CFO-elect Calderone has been at Booz Allen for 20 years and has held a variety of leadership positions in finance and strategy. Since 2014, he has served as head of the corporate development team, executing more than $1.4 billion in M&A transactions and nearly a dozen equity investments, divestitures, and joint ventures. Calderone was appointed chief strategy officer in 2020, leading strategic projects including the creation of VoLT (velocity, leadership, technology), Booz Allen’s long-term growth strategy.

Booz Allen appoints Matthew Calderone as chief financial officer

Calderone also previously served as head of forecasting, planning, and analysis (FP&A), overseeing financial strategy and transformation of the firm’s finance function.

Earlier in his tenure at Booz Allen, Calderone led strategy and organization consulting engagements with government and commercial clients, serving as SVP of the national security industry practice and as an executive in the global commercial business.

Aside from his time at Booz Allen, Calderone spent three years at Boston Consulting Group (BCG), where he was a principal in the organization and retail practices.

He has an MBA from Yale University and a bachelor’s degree in economics from the University of Maryland.

“As CFO, Matt will guide Booz Allen to continue our track record of delivering outstanding shareholder value and will work closely with me, and other leaders, to execute our VoLT growth strategy. He brings the institutional and market leadership experience and insights required to accelerate into our next era,” Rozanski said. “I am excited to work closely with Matt over the coming years as we build the Booz Allen of the future.”

Booz Allen delivers services across management consulting, digital solutions and engineering, cybersecurity, and data analytics to government and commercial clients. The firm has 29,300 people globally and annual revenues of $8.4 billion.

The firm earlier this summer launched Booz Allen Ventures, a $100-million venture capital arm that invests in commercial technologies for federal clients.