SAIC (NYSE: SAI) has announced that Executive Vice President Arnold Punaro will retire on May 14.
Punaro has indicated that he will seek to form a strategic consulting business, write a book on national security decision making and work on other government-related projects.
“The company’s leadership and its employees give me great confidence and optimism about SAIC’s future. I have been privileged to work with wonderful people at SAIC and to contribute to a great success story, but the time is right for me to change lanes, ” Punaro said. “I intend to enter in full voice the debate over how to best use our inevitably declining resources to deal with an increasingly dangerous world.”
Punaro retired from the Marine Corps in 2003 as a Major General after a lengthy and highly decorated career of service, including a Bronze Star and a Purple Heart.
In his role at SAIC, he served as “the senior corporate official responsible for SAIC’s government affairs, worldwide communications, real estate and support operations as well as general manager of their Washington operations with over 17, 500 employees in this region.” Punaro had been with the firm since 1997 and joined the firm’s board of directors in 2007, according to Wikinvest.