Welcome!

Recurring Revenue Authors: Elizabeth White, Liz McMillan, Pat Romanski, Ed Featherston, Sujoy Sen

News Feed Item

SAIC Announces Key Leadership For Planned New Companies

John Jumper to lead $7B National Security, Health and Engineering Solutions Business, Tony Moraco to lead $4B Government Technical Services and Enterprise IT Business

MCLEAN, Va., Nov. 5, 2012 /PRNewswire/ -- SAIC today announced key leadership appointments for the businesses that will be created next year following its planned separation into two independent, publicly traded companies, as announced Aug. 30.

National Security, Health & Engineering Solutions Business

  • John Jumper, CEO and Chairman of the Board
  • Stu Shea, President and COO
  • Mark Sopp, CFO
  • Vince Maffeo, General Counsel
  • Joe Craver, Sector President – Health, Engineering & Commerce

John Jumper, SAIC's current chairman and chief executive officer (CEO), will be appointed as CEO and Chairman of the business focused on delivering science and technology solutions in three high-growth markets that reflect high priority, long-term global needs – national security, engineering and health. Jumper's experience in both defense and global industry and his focus on providing the most advanced technical solutions to war fighters and government and commercial customers, has been an asset to SAIC since his appointment to the Board of Directors in 2007. Stu Shea is SAIC's current Chief Operating Officer (COO) and former group president.  He will continue to serve as the company's COO and assume the position of President, leveraging his critical role in developing the restructured solutions business model, while continuing to deliver the benefits of decades of experience in the intelligence community.

Mark Sopp, SAIC's Chief Financial Officer (CFO) since 2005, will continue to support shareholders as the company's CFO. Vince Maffeo, SAIC's current general counsel, who came to the company from ITT Corporation in 2010, will remain on the leadership team and serve in the same capacity. Joe Craver, current group president, will continue to lead the health, engineering, and commerce portions of the business as sector president. With Tony Moraco's planned move to lead the services company, SAIC will initiate an executive search for the president of the national security sector.

The three markets this company represents share an increasingly important convergence of the physical and digital worlds. The combined talents of this leadership team will enable the company to operate fluidly in these complex, data rich markets, and continue SAIC's proud legacy of securing the future of our families, our communities, and our world. Pro forma revenue for the fiscal year ending January 31, 2013 for the future solutions-focused business is estimated at $7 billion.

Government Technical Services & Enterprise IT Business

  • Tony Moraco, CEO
  • Sandy Sanderson – Non-executive Chairman of the Board
  • Tom Baybrook, Chief of Administration and Operations
  • John Hartley, CFO
  • Deborah Lee James, Sector President – Technical Services
  • Nazzic Turner, Sector President – Enterprise IT

Moraco will serve as CEO for the government technical services and enterprise IT business, bringing his in-depth market knowledge and operational excellence to the company.  He will lead company initiatives to tap into billions of dollars in new business made accessible by the removal of existing organizational conflicts of interest (OCI) after separation. Prior to his current role as ISR Group President, Moraco served as an Executive Vice President responsible for SAIC's IT, facilities, security, program execution, procurement, shared services and operational initiatives – driving efficiency and effectiveness across the enterprise. Mr. Edward "Sandy" Sanderson will assume the position of Non-executive Chairman of the Board of Directors.  He has been a member of the SAIC Board of Directors since 2002 having retired from a career in the technology industry, serving in senior management positions with Oracle, McKinsey & Company, and Accenture.

Tom Baybrook, current acting president of SAIC's Defense Solutions Group (DSG), will serve as the company's chief of administration and operations, leveraging decades of expertise in the federal technical services and IT markets. He will be responsible for a broad range of activities including operations and performance excellence efforts, as well as corporate business management and enterprise service functions.

John Hartley, SAIC senior vice president and corporate controller, will be the company's CFO. Hartley has been SAIC's corporate controller and principal accounting officer since 2005, responsible for SEC reporting, technical accounting, Sarbanes-Oxley compliance, tax and financial planning and analysis, accounting, and government compliance.  Prior to joining SAIC in 2001, Hartley spent 12 years with the public accounting firm Deloitte LLP where he focused on the Aerospace and Defense industry.

Deborah Lee James, SAIC's current Executive Vice President for Communications and Government Affairs, will serve as sector president of the company's technical services sector. James formerly served as a business unit general manager within SAIC's DSG focusing on Navy C4 (Command, Control, Computers, Communication) and aviation related business areas. She brings more than 25 years of senior leadership experience in national security programs to her new role, including serving as assistant secretary of defense for Reserve Affairs for more than five years. Nazzic Turner, who recently joined the company from CGI, will serve as sector president for Enterprise IT. She has more than 26 years of experience delivering professional services in both the public and commercial IT sectors, growing and operating professional services practices, and delivering applications, products, systems integration services and outsourced solutions to customers.

Together, the leadership team will manage a diverse contract portfolio utilizing effective tools and efficient processes – one of the largest, pure-play government services companies in the market, competing in a broad market space and leveraging their combined deep mission knowledge and customer relationships to spur growth and increase shareholder value. Pro forma revenue for the fiscal year ending January 31, 2013 for the future technical services business is estimated at $4 billion.

Unleashing Two World-Class Companies

"The talents of these leadership teams and their passion for customer success will enable SAIC to continue its evolution and proud heritage in new ways, as two new companies, growing through the elimination of OCI and adding mass to key growth areas through the next steps in the execution of our strategy," said Jumper. "Once in place, these teams will be at the helm of businesses with optimized cost structures and unrestricted access to their respective markets – both capable of leveraging decades of scientific and engineering excellence. Now is the right time and we have the right teams to unleash these two world-class companies and the value they can deliver to our customers, employees and shareholders."

The separation will take the form of a tax-free spin-off to SAIC stockholders of 100% of the shares of a newly formed company, upon final approval by the Board.

The spin-off is expected to occur in the latter half of next fiscal year.

About SAIC

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 40,000 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 approximately $10.6 billion for its fiscal year ended January 31, 2012. For more information, visit http://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, 2012, 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.

SOURCE SAIC

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

@ThingsExpo Stories
SYS-CON Events announced today that Commvault, a global leader in enterprise data protection and information management, has been named “Bronze Sponsor” of SYS-CON's 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Commvault is a leading provider of data protection and information management solutions, helping companies worldwide activate their data to drive more value and business insight and to transform moder...
Personalization has long been the holy grail of marketing. Simply stated, communicate the most relevant offer to the right person and you will increase sales. To achieve this, you must understand the individual. Consequently, digital marketers developed many ways to gather and leverage customer information to deliver targeted experiences. In his session at @ThingsExpo, Lou Casal, Founder and Principal Consultant at Practicala, discussed how the Internet of Things (IoT) has accelerated our abil...
SYS-CON Events has announced today that Roger Strukhoff has been named conference chair of Cloud Expo and @ThingsExpo 2016 Silicon Valley. The 19th Cloud Expo and 6th @ThingsExpo will take place on November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. "The Internet of Things brings trillions of dollars of opportunity to developers and enterprise IT, no matter how you measure it," stated Roger Strukhoff. "More importantly, it leverages the power of devices and the Interne...
Digital innovation is the next big wave of business transformation based on digital technologies of which IoT and Big Data are key components, For example: Business boundary innovation is a challenge to excavate third-party business value using IoT and BigData, like Nest Business structure innovation may propose re-building business structure from scratch, as Uber does in the taxicab industry The social model innovation is also a big challenge to the new social architecture with the design fr...
So, you bought into the current machine learning craze and went on to collect millions/billions of records from this promising new data source. Now, what do you do with them? Too often, the abundance of data quickly turns into an abundance of problems. How do you extract that "magic essence" from your data without falling into the common pitfalls? In her session at @ThingsExpo, Natalia Ponomareva, Software Engineer at Google, provided tips on how to be successful in large scale machine learning...
If you had a chance to enter on the ground level of the largest e-commerce market in the world – would you? China is the world’s most populated country with the second largest economy and the world’s fastest growing market. It is estimated that by 2018 the Chinese market will be reaching over $30 billion in gaming revenue alone. Admittedly for a foreign company, doing business in China can be challenging. Often changing laws, administrative regulations and the often inscrutable Chinese Interne...
Why do your mobile transformations need to happen today? Mobile is the strategy that enterprise transformation centers on to drive customer engagement. In his general session at @ThingsExpo, Roger Woods, Director, Mobile Product & Strategy – Adobe Marketing Cloud, covered key IoT and mobile trends that are forcing mobile transformation, key components of a solid mobile strategy and explored how brands are effectively driving mobile change throughout the enterprise.
In his session at @ThingsExpo, Kausik Sridharabalan, founder and CTO of Pulzze Systems, Inc., will focus on key challenges in building an Internet of Things solution infrastructure. He will shed light on efficient ways of defining interactions within IoT solutions, leading to cost and time reduction. He will also introduce ways to handle data and how one can develop IoT solutions that are lean, flexible and configurable, thus making IoT infrastructure agile and scalable.
Data is an unusual currency; it is not restricted by the same transactional limitations as money or people. In fact, the more that you leverage your data across multiple business use cases, the more valuable it becomes to the organization. And the same can be said about the organization’s analytics. In his session at 19th Cloud Expo, Bill Schmarzo, CTO for the Big Data Practice at EMC, will introduce a methodology for capturing, enriching and sharing data (and analytics) across the organizati...
SYS-CON Events announced today that Bsquare has been named “Silver Sponsor” of SYS-CON's @ThingsExpo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. For more than two decades, Bsquare has helped its customers extract business value from a broad array of physical assets by making them intelligent, connecting them, and using the data they generate to optimize business processes.
Internet of @ThingsExpo has announced today that Chris Matthieu has been named tech chair of Internet of @ThingsExpo 2016 Silicon Valley. The 6thInternet of @ThingsExpo will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
A strange thing is happening along the way to the Internet of Things, namely far too many devices to work with and manage. It has become clear that we'll need much higher efficiency user experiences that can allow us to more easily and scalably work with the thousands of devices that will soon be in each of our lives. Enter the conversational interface revolution, combining bots we can literally talk with, gesture to, and even direct with our thoughts, with embedded artificial intelligence, wh...
Video experiences should be unique and exciting! But that doesn’t mean you need to patch all the pieces yourself. Users demand rich and engaging experiences and new ways to connect with you. But creating robust video applications at scale can be complicated, time-consuming and expensive. In his session at @ThingsExpo, Zohar Babin, Vice President of Platform, Ecosystem and Community at Kaltura, will discuss how VPaaS enables you to move fast, creating scalable video experiences that reach your...
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, provided an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life sett...
Cloud computing is being adopted in one form or another by 94% of enterprises today. Tens of billions of new devices are being connected to The Internet of Things. And Big Data is driving this bus. An exponential increase is expected in the amount of information being processed, managed, analyzed, and acted upon by enterprise IT. This amazing is not part of some distant future - it is happening today. One report shows a 650% increase in enterprise data by 2020. Other estimates are even higher....
SYS-CON Events announced today that SoftLayer, an IBM Company, has been named “Gold Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. SoftLayer, an IBM Company, provides cloud infrastructure as a service from a growing number of data centers and network points of presence around the world. SoftLayer’s customers range from Web startups to global enterprises.
19th Cloud Expo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterpri...
In his general session at 18th Cloud Expo, Lee Atchison, Principal Cloud Architect and Advocate at New Relic, discussed cloud as a ‘better data center’ and how it adds new capacity (faster) and improves application availability (redundancy). The cloud is a ‘Dynamic Tool for Dynamic Apps’ and resource allocation is an integral part of your application architecture, so use only the resources you need and allocate /de-allocate resources on the fly.
SYS-CON Events announced today the Enterprise IoT Bootcamp, being held November 1-2, 2016, in conjunction with 19th Cloud Expo | @ThingsExpo at the Santa Clara Convention Center in Santa Clara, CA. Combined with real-world scenarios and use cases, the Enterprise IoT Bootcamp is not just based on presentations but with hands-on demos and detailed walkthroughs. We will introduce you to a variety of real world use cases prototyped using Arduino, Raspberry Pi, BeagleBone, Spark, and Intel Edison. Y...
Businesses are struggling to manage the information flow and interactions between all of these new devices and things jumping on their network, and the apps and IT systems they control. The data businesses gather is only helpful if they can do something with it. In his session at @ThingsExpo, Chris Witeck, Principal Technology Strategist at Citrix, will discuss how different the impact of IoT will be for large businesses, expanding how IoT will allow large organizations to make their legacy ap...