SAIC CEO Walt Havenstein to Retire June 2012

Walt Havenstein, SAIC

SAIC Inc. (NYSE: SAI) has announced that Walt Havenstein will retire as the company’s CEO, effective June 15, 2012. Havenstein said he was leaving for personal reasons.

Havenstein has been an executive industry leader for more than 25 years and served as BAE Systems Inc.’s CEO prior to joining SAIC in September 2009.

“The board of directors will conduct a thorough and thoughtful search for a successor, considering internal and external candidates, ” Havenstein said. “The transition plan we have adopted will allow me to participate in the selection and we will assure a smooth transition.”

“It is an honor to work with you and be associated with the great work you do for our customers and the nation, ” Havenstein said in a message to employees.

“I am proud of our senior management, our line organization leaders and all of our colleagues. We have accomplished a great deal together and we will continue that record of accomplishment.”

“In the years I have been with SAIC, we have put a strategy in place for the future, and we have structured a more agile, line-driven company to execute that strategy. You have given me every confidence that we will succeed.”

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