November 12, 2019
Stamford, CT – Compass Partners Capital LLC (“Compass”) announced today that Vice Admiral John Morgan (Ret.), currently a Director of Micro Precision LLC (“MPI”), has been selected as MPI’s new President and Chief Executive Officer (“CEO”). Vice Admiral Morgan assumes his new role on November 12, 2019. He succeeds Bob Mongell who has been CEO of MPI since 1989 and has built the company into a critical supplier of components for the US submarine program.
“I am honored to have been selected as MPI’s next President and CEO. It is a privilege to be part of an organization that is a vital supplier in America’s Submarine Industrial Base and plays a significant role in our national defense,” said Vice Admiral Morgan. He continued, “MPI has a significant opportunity to leverage its strong reputation for zero defect on-time delivery, and I look forward to leading the company through an unprecedented period of expansion as the United States reconstitutes its submarine force.”
Vice Admiral Morgan previously served as Chairman and CEO of Nobles Worldwide, a leading global provider of high-quality ammunition systems, until its recent sale. A 36-year Navy veteran, Vice Admiral Morgan was a key advisor to the Secretary of the Navy, Chief of Naval Operations and the Chairman of the Joint Chiefs of Staff. In addition, he commanded the USS Enterprise carrier battle group, which played a critical role following the attacks against the US on 9/11. For his leadership in combat, Morgan received the Bronze Star.
“We are thrilled to appoint Vice Admiral Morgan as CEO of MPI,” said James Waters, lead Director of the Board. He added, “John’s leadership combined with his knowledge and understanding of the US Navy will be a substantial asset for MPI and its customers. We look forward to John stewarding the company’s growth in the years ahead. We would also like to thank Bob Mongell for his leadership and dedication to the company over the past three decades. He leaves MPI in a strong position to grow by serving its customers.”
About Micro Precision LLC
Founded in 1981 and located in South Windham, CT, Micro Precision is a prime contractor supplying critical parts and mechanical assemblies to major submarine contractors, as well as the US Department of Defense and other government agencies.
Compass Partners Capital LLC is a family-owned investment firm located in Stamford, CT. Compass focuses on defense and aerospace-related investments.