SAIC Announces New Chair of Its Board of Directors
Public Company Information:
RESTON, Va.--(BUSINESS WIRE)--Science Applications International Corp. (NYSE:SAIC) today announced the appointment of Donna Morea as chair of its board of directors. Morea succeeds Edward “Sandy” Sanderson, Jr., who has been serving as chair of the board since the company’s separation from its parent company in September 2013. The appointment will be effective following the closing of SAIC’s planned acquisition of Engility Holdings, Inc., in January 2019. Sanderson will remain as an independent member of the board.
Sanderson said, "It’s been an honor to serve as board chair over the last five years, and I’m confident in our future and in Donna’s leadership as we continue to grow and deliver strong value to our customers, employees and shareholders. I have no doubt that Donna’s deep knowledge of the company, coupled with her recognized leadership in the industry, will help realize SAIC’s full potential as it accelerates its strategy.”
Morea has served as a director of SAIC since 2013. She served from 2004 until her retirement in 2011 as president of CGI Technology and Solutions, Inc., a wholly-owned U.S. subsidiary of CGI Group, one of the largest independent information technology firms in North America. She currently serves as an independent director of SunTrust Banks (NYSE:STI) and as a trustee of the Inova Health System.
“I am excited to lead SAIC’s board of directors and work closely with SAIC’s senior leadership to further execute our mission-driven long-term strategy, Ingenuity 2025,” said Morea. “I am also very pleased to welcome Engility directors David Kerko and Katharina McFarland to the SAIC board following the closing of the planned acquisition. Under Sandy’s leadership, SAIC has emerged as a leading technology integrator, and we are grateful for his enormous impact. SAIC has a very bright future, and I look forward to leveraging our greater strength, exceptional talent and breadth of solutions and services to lead the markets we serve and help our customers solve some of our nation’s most pressing problems.”
"Sandy has been instrumental to our success the past five years, particularly as we separated from our parent company and launched the new SAIC. On behalf of the board and the management team, I thank Sandy for his dedication and contributions,” said SAIC CEO Tony Moraco. “As we look to the future and expand through both organic growth and acquisition, we are fortunate to benefit from the caliber of proven industry and leadership experience Donna provides. Now well-positioned to be a stronger company with a greater range of capabilities and depth of talent, I am confident in Donna’s leadership as we accelerate our work to be the leading provider of integrated technology solutions.”
SAIC is a premier technology integrator providing full life cycle services and solutions in the technical, engineering, intelligence, and enterprise information technology markets. SAIC is Redefining Ingenuity through its deep customer and domain knowledge to enable the delivery of systems engineering and integration offerings for large, complex projects. SAIC’s more than 15,000 employees are driven by integrity and mission focus to serve customers in the U.S. federal government. Headquartered in Reston, Virginia, SAIC has annual revenues of approximately $4.5 billion. For more information, visit saic.com . For ongoing news, please visit our newsroom.
Certain statements in this announcement constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties and 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 and other such filings that SAIC makes with the SEC from time to time, which may be viewed or obtained through the Investor Relations section of our web site at www.saic.com . 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.