SAIC Announces Key Organizational and Leadership Changes
7/23/2010 10:15:32 AM
MCLEAN, Va., July 22 /PRNewswire-FirstCall/ -- SAIC, Inc. (NYSE: SAI), a scientific, engineering, and technology applications company, today announced a strategic realignment of its operating groups and changes to its corporate leadership structure and personnel. These changes, effective Aug. 2, will enable the company to better execute its long-term strategy, focus resources to high growth areas in the marketplace, and meet the evolving needs of customers.
The company will move from four operating groups to three. The three groups are:
- Defense Solutions Group, led by Group President Deb Alderson
- Intelligence, Surveillance and Reconnaissance Group, led by Group President Stu Shea
- Infrastructure, Energy, Health and Product Solutions Group, led by Group President Joe Craver
The Information Technology and Network Solutions Group, currently led by Group President Charles Koontz, will become part of the Infrastructure, Energy, Health and Product Solutions Group. Koontz will become executive vice president for strategic projects, reporting directly to SAIC CEO Walt Havenstein.
Larry Cox, senior vice president and general manager of the Intelligence and Information Solutions Business Unit, will lead the company's cybersecurity program and also report directly to Havenstein.
The company is also making strategy-based changes to its corporate leadership structure and personnel:
- Jim Cuff, senior vice president for business development, has been promoted to executive vice president and will continue to lead corporate business development, and also direct strategy, and mergers and acquisitions.
- Tony Moraco, currently senior vice president and general manager of the Space and Geospatial Intelligence Business Unit (SGIBU), has been promoted to executive vice president for operations and performance excellence, responsible for enterprise-wide business support services and operational efficiency and effectiveness initiatives.
- Deborah Lee James, currently senior vice president and general manager of the Command, Control, Communications, Computers and Information Technology Business Unit (C4IT BU), has been promoted to executive vice president for communications and government affairs and will also lead corporate responsibility.
- Vince Maffeo, executive vice president and general counsel, will assume responsibility for contracts, pricing and procurement, and enterprise risk management.
"This new organizational structure supports our strategy to focus business resources in high growth areas in national security, energy, health markets and cybersecurity," said Havenstein.
SAIC is a FORTUNE 500® scientific, engineering, and technology applications company that uses its deep domain knowledge to solve problems of vital importance to the nation and the world, in national security, energy and the environment, critical infrastructure, and health. The company's approximately 45,000 employees serve customers in the U.S. Department of Defense, the intelligence community, the U.S. Department of Homeland Security, other U.S. Government civil agencies and selected commercial markets. Headquartered in McLean, Va., SAIC had annual revenues of $10.8 billion for its fiscal year ended January 31, 2010. For more information, visit www.saic.com. SAIC: From Science to Solutions®
Statements in this announcement, other than historical data and information, constitute forward-looking statements that involve risks and uncertainties. A number of factors could cause our actual results, performance, achievements, or industry results to be very different from the results, performance, or achievements expressed or implied by such forward-looking statements. Some of these factors include, but are not limited to, the risk factors set forth in SAIC's Annual Report on Form 10-K for the period ended January 31, 2010, and other such filings that SAIC makes with the SEC from time to time. Due to such uncertainties and risks, readers are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof.