Frequency Electronics, Inc. announced on October 21, 2026, the election of Allen Kaplan as its new Chief Financial Officer, effective November 1, 2026. Kaplan succeeds retiring CFO Steven L. Bernstein.
Executive Leadership Transition
Frequency Electronics announced that Allen Kaplan will join the company as its new Chief Financial Officer, effective November 1, 2026. Kaplan will report directly to President and Chief Executive Officer Tom McClelland and join the company's senior executive leadership team.
Kaplan succeeds Steven L. Bernstein, who is retiring after 16 years of service to the company. McClelland thanked Bernstein for his tenure and welcomed Kaplan to the organization.
Background and Financial Targets
Prior to joining Frequency Electronics, Kaplan served as Vice President of Finance and Business Operations at Leidos Defense Sector and previously worked at Lockheed Martin Corporation. He holds a Bachelor's degree in Supply Chain Management from Pennsylvania State University and a Master of Business Administration from Villanova University.
Alongside the leadership transition announcement, Frequency Electronics reaffirmed its three-year financial targets. The company aims for a minimum revenue of $150 million, a minimum gross margin of 50%, and a minimum operating margin of 30% by the fiscal year ended April 30, 2029.
Key facts and where they come from
- Allen Kaplan was elected as the new Chief Financial Officer of Frequency Electronics, effective November 1, 2026.
announced the election of Allen Kaplan as its new Chief Financial Officer (CFO), effective November 1, 2026.
- Steven L. Bernstein is retiring from his role as CFO effective November 1, 2026.
He succeeds Steven L. Bernstein, who will retire effective November 1, 2026.
- Frequency Electronics reaffirmed its fiscal 2029 financial targets, including a minimum revenue of $150 million by April 30, 2029.
Minimum revenue of $150 million by the fiscal year ended April 30, 2029;