Force Protection Inc. on Monday named Michael Moody its chief executive officer, president and chairman and said its chief financial officer and chief operating officer have left the Ladson company, in what it called the start of a management restructuring.

Moody, 61, has been chairman since Jan. 8, when the company announced that CEO Gordon McGilton would retire at the end of January and named Moody interim CEO effective Jan. 31, according to company filings. Moody has been president since September and a director since September 2006.

A formal search that included Moody as a candidate had been underway, the company said. The board concluded that his background in turnarounds and his familiarity with the company’s operations would serve shareholders immediately, it said.

“Recent events have clearly underlined that there is a tremendous amount of work to do and that there is significant urgency to many of the tasks at hand,” Moody said in the company’s announcement.

Chief Financial Officer Michael Durski left Feb. 29, and Chief Operating Officer Raymond Pollard left Monday, the company said. It does not plan to fill the operating chief’s job soon. Moody takes over Pollard’s direct reports, Executive Vice Presidents Damon Walsh, Daniel Busher and Mark Edwards.

The board named Francis E. Scheuerell Jr., a managing director of Huron Consulting Group, as interim CFO while it searches for a permanent one. Scheuerell was a partner in BDO Seidman’s national accounting office and before that was on the staff of the Financial Accounting Standards Board, the company said.

The shake-up follows bad news on the books. On Friday, Force Protection said it would delay its 2007 annual report and restate its previously reported financial statements for the third quarter and first nine months of 2007. Management discovered significant accounting errors during its year-end review, including errors related to the recording of accounts payable for inventory purchased from a subcontractor as a result of a contract termination, the company said. Management also concluded that internal controls over financial reporting were not effective as of Dec. 31, 2007.

Orders are still coming in. On Feb. 22, the Marine Corps Systems Command ordered 174 Mastiff Cougar 6x6 vehicles for Britain’s Ministry of Defence from Force Protection, an order worth about $115 million, the company said.

“There is no area of our business that will go untouched by the mandate we have to improve our company’s performance,” Moody said.