Executive Mosaicâs Weekly GovCon Round-Up: Recent Executive Moves, Perspecta Spinoff Overview and Top 10 Stories
Jim Garrettson, Executive Mosaic CEO
Recent Executive Moves
BREAKING NEWS:Â President Trump nominates Robert WilkieÂ as secretary of veterans affairs.Currently the undersecretary of defense for personnel and readiness, WilkieÂ has served as acting VA secretary since the end of March.Â The move followsÂ CernerÂ receivingÂ a potential 10-year, $10 billion contract to help theÂ VA deploy the same electronic health record platform theÂ Defense Department uses.
In addition, this week weâre recapping significant executive moves, including:
The Senate confirms Gina Haspel as CIA director.
IAP Worldwide ServicesÂ choosesÂ three new board members.
AFCEA InternationalÂ appointsÂ DeEtte Gray ofÂ CACIÂ as board chair.
ParsonsÂ namesÂ three C-suiteÂ executives to new positions.
Whitney, Bradley & BrownÂ promotesÂ Richard Justice to VP role.
The Senate voted 54-45 Thursday toÂ confirmÂ Gina Haspel, previously deputy director of the CIA, as the first female director of the agency, Politico reported Thursday. Haspel will succeed Mike Pompeo, who assumed the secretary of state role in April following his Senate confirmation.
IAP Worldwide Services hasÂ namedÂ John Campbell, a retired U.S. Army general; Herbert âHawkâ Carlisle, a retired U.S. Air Force general; and Mike Rogers, a former congressman,Â to its board of directors. Terry DeRosa, chief executive officer of IAP,Â said in a statement that Campbell, Carlisle and Rogers bring to the board insight, business acumen andÂ military leadership.
DeEtte Gray, president of U.S. operations at CACI International, has beenÂ namedÂ chair of AFCEA Internationalâs board of directors. Gray started her two-year term on Monday, May 14, tasked with overseeing AFCEAâs initiatives and other affairs, leading the associationâs board and executive committee and servingÂ as an ex officio member of all panels and subcommittees, CACI said Tuesday.
Brent Harvey, formerly corporate chief audit executive of Parsons, has beenÂ appointedas the companyâs chief risk officer. He will oversee portfolio, enterprise and project risk functions, Parsons said Monday.
Adam Taylor, former chief strategy officer at Veritiv, hasÂ joinedÂ Parsons as chief transformation and operations officer. Parsons said Monday that Taylor will lead efforts to transform the company into a data-based, cognitive technology provider and align its operating model with key market trends.
Linda Murray, formerÂ strategic planning and marketing manager of Parsonsâ federal business unit, has beenÂ namedÂ chief audit executive. Murray will report to the audit committee of the companyâs board of directors and succeed Brent Harvey, who will transition to the chief risk officer role, Parsons said Monday.
Whitney, Bradley & Brown hasÂ promotedÂ Richard Justice to vice president of business development at the Reston, Va.-based professional services provider. The company said Thursday that Justice holds 26 years of U.S. Air Force financial and program management, test and sustainment experience.
Perspecta Spinoff Overview
In October, GovConWireÂ reportedÂ thatÂ DXC TechnologyÂ (NYSE: DXC) was planning on merging its U.S. public sector business withÂ VencoreÂ andÂ KeyPoint Government SolutionsÂ to establish a âtop fiveâ independent, publicly-traded information technology services provider. DXC said the combined company is expected to have over 14,000 employees and generate approximately $4.3 billion in annual revenue, with a focus on cybersecurity, big data analytics, systems engineering, enterprise IT and cloud engineering services.Â Veritas CapitalâsÂ affiliates own Vencore and KeyPoint and the private equity firm said it would continue to invest in the new organization. The planned merger came months after DXCÂ launchedÂ last April, formed through theÂ combinationofÂ Computer Sciences Corp.Â withÂ Hewlett Packard EnterpriseâsÂ (NYSE: HPE) enterprise services segment.When initially announced, DXC Technology disclosed that Mac Curtis, president and chief executive officer of Vencore, and aÂ four-time Wash100 winner, would become CEO of the combined entity. FellowÂ four-time Wash100 inducteeÂ Marilyn Crouther, DXCâs U.S. public sector senior vice president and general manager, will serve as chief operating officer; while Mike Lawrie, chairman, president and CEO of DXC, will chair the board of directors; and Ramzi Musallam, CEO and managing partner atÂ Veritas Capital, and aÂ three-time Wash100 awardee, will serve as a board member.
In addition, GovConWire reported that Veritas Capital-managed funds and its affiliates will receive $400 million in cash and own 14 percent of the combined entityâs shares. Moreover, DXC will receive $1.05 billion in cash consideration from the spinoff and use the proceeds for general corporate purposes such as debt reduction and share repurchasing activities.
TheÂ Federal Trade CommissionÂ grantedÂ antitrust approval to DXC Technology in December, issuing a notice of early termination for the required waiting period under theÂ Hart-Scott-Rodino Antitrust Improvements Act of 1976. In March, DXC TechnologyÂ revealedÂ the new companyâs name asÂ Perspecta, following the transactionâs closure, with theÂ Securities and Exchange Commissionregistration process underway.
This month, DXC TechnologyÂ setÂ May 25th as the record date for Perspectaâs spinoff, and May 31st as the distribution date of Perspecta shares and merger completion. Under the terms, shareholders will receive one share of Perspecta common stock for every two shares of the former companyâs common stock held on May 25th. Perspecta is expected to begin trading June 1st on the New York Stock Exchange under the ticker symbol âPRSP.â
On Monday, Mac CurtisÂ saidÂ the companyâs applied research work would help differentiate Perspecta from its competition, the Washington Business Journal reported.
THIS WEEKâS TOP 10Â NEWS STORIES
Weekly Contract Awards This week’s top GovCon contract awards: Lockheed Martin, Pond-Woolpert JV, Serco, General Dynamics and Deloitte, among others.
Roela Santos Amentum has appointed GovCon industry veterans Roela Santos and Sean Mullen to its senior leadership team. Santos is senior vice president of marketing and communications with oversight of public relations, brand-building, corporate social responsibility, employee engagement, crisis communications, reputation management and market influence, internal and external messaging and digital marketing efforts, the company
Mike Salvino, president and CEO of DXC Technology (NYSE: DXC), will assume the chairmanship of the information technology company’s board of directors from Ian Read, who will retire from his post on July 26. In a statement published Tuesday, Reed said the appointment of Salvino to chair the board underscores the latter’s company leadership and
Dan Hushon, a technical leader and transformation executive, has joined Guidehouse as chief technology officer. He will oversee Guidehouse’s global technology strategy and investments in cloud computing and lead transformational initiatives as the company advances the delivery of digital platforms to the public sector and commercial markets, the company said Tuesday. “Dan’s passion, technological savvy