By On October 23, Science Applications International Corporation (SAIC) announced that the company’s board of directors has appointed James Reagan as interim chief executive officer, effective immediately. Reagan succeeds Toni Townes-Whitley.
“On behalf of the board and entire SAIC team, we thank Toni for her many contributions, dedication and commitment to SAIC, our customers and our mission. We wish her the best in her next chapter,” said Donna Morea, chair of the board. “Recognizing SAIC’s strong position to capitalize on opportunities for growth and shareholder value creation, the board remains focused on delivering near-term operational results.”
“It has been a privilege to lead SAIC and work with the company’s dedicated and talented people,” said Toni Townes-Whitley. “I have collaborated closely with Jim during my time here, and I have the utmost confidence in his and the team’s ability to capitalize on and fully realize the company’s growth prospects. With its talented employees, SAIC is in good hands until a permanent CEO is appointed.”
Reagan is a seasoned executive, with nearly two decades of senior leadership experience in the defense and government services industry. He brings deep knowledge and understanding of the sector, SAIC’s customers and commitment to advancing their mission, in addition to his extensive expertise across cybersecurity and intelligence, information technology and healthcare, and national security. Most recently, Reagan served as executive vice president and chief financial officer for Leidos Holdings. Prior to joining Leidos, Reagan served as chief financial officer for several organizations including Vencore, Inc., a defense contractor serving the Intelligence Community and Department of Defense, and PAE, Inc., a defense and government services engineering contractor. Reagan is deeply familiar with the SAIC business, having served as a member of the board since January 2023.
Morea continued, “Jim’s experience as a member of the SAIC board, together with his impressive track record in senior leadership roles across the industry, provides a cross-section of skills that make him well suited to serve as interim CEO. SAIC has a solid, customer-focused foundation in place, supported by a strong qualified pipeline and planned submit levels and a backlog of pending awards. We are confident that under Jim’s stewardship, the company will improve performance while continuing to serve its valued customers by advancing the power of technology and innovation to serve and protect our world.”
“It is an honor to be named Interim CEO of SAIC,” said Reagan. “SAIC is well respected as a mission critical provider of technology and innovation, and I am excited to leverage my experience and expertise in the defense and government services industries at this terrific organization. With compelling opportunities ahead and continued momentum in our business development efforts, I am confident that SAIC is poised to deliver attractive growth and value creation. I look forward to working closely with the board, management, and the whole SAIC team to deliver wins and shareholder value while strengthening the company’s foundation as we continue to position SAIC for the future.”
As a result of today’s CEO transition, the SAIC Board comprises 11 directors, 10 of whom are independent.
Source: SAIC
Keep up with your competitors by following notable executive moves across the IC contracting space — become a paid subscriber to IC News.
