Versar, Inc (NYSE Amex: VSR) announced that Dr. Theodore M. Prociv resigned his position as president and CEO of Versar.
Prociv will remain as a member of Versar’s Board of Directors.
“The Versar Board wishes to extend its gratitude for the last ten years of leadership provided by Dr. Prociv”, said Paul J. Hoeper, chairman of Versar’s Board of Directors. “Ted was instrumental in doubling Versar’s revenue and we wish him the best in his future endeavors.”
Effective immediately, the Versar Board of Directors has elected Anthony L. Otten as Chief Executive Officer and Jeffrey A. Wagonhurst as President. The Board also elected Lawrence W. Sinnott as Executive Vice President, Chief Financial Officer and Treasurer.