Leidos names Randy Phillips corporate development SVP
Leidos of Reston, VA announced on August 6 that Randy Phillips was named senior vice president for corporate development. In his new role, Phillips will lead the strategic development and execution of Leidos’ growth strategy through mergers, acquisitions, and related activities.
Phillips comes to the role with more than 30 years of corporate development experience for such companies as Boeing, Computer Sciences Corporation, Alcoa, and TRW. Most recently, Phillips served as senior vice president for corporate development at Ellucian, Inc. At Boeing, he was responsible for strategic planning and execution of all merger and acquisition, minority investment and joint venture activities for Boeing’s defense, space, and security global sector.
Phillips has led transactions in 20 countries totaling more than $40 billion in value. He has been a strategic advisor to private equity firms, public and private companies, and investment management and advisory firms. Private equity firms included KKR and General Atlantic (TASC portfolio company, acquired by Engility) as well as TPG and Leonard Green Partners (Ellucian portfolio company).He was also a senior advisor to The Chertoff Group, a premier global advisory firm focused on security and risk management.
“Randy Phillips has been guiding transactions in our sector for many years, helping to define the market in the process,” said Jim Reagan, executive vice president and chief financial officer for Leidos. “He understands where the growth in our market will be and how to create the growth strategies that will help ensure Leidos is well positioned in the coming years.”
Phillips completed the Tuck Executive Program at Dartmouth College’s Tuck School of Business as well as the Program for Senior Executives in National and International Security from Harvard University’s John F. Kennedy School of Government. He is also a Six Sigma Green Belt and received a Bachelor of Science degree from Wright State University’s College of Engineering & Computer Science.