Executive Mosaic’s Weekly GovCon Round-Up: Recent Executive Moves, Perspecta Spinoff Overview and Top 10 Stories
Jim Garrettson, Executive Mosaic CEO
Recent Executive Moves
BREAKING NEWS: President Trump nominates Robert Wilkie as secretary of veterans affairs.Currently the undersecretary of defense for personnel and readiness, Wilkie has served as acting VA secretary since the end of March. The move follows Cernerreceiving a potential 10-year, $10 billion contract to help the VA deploy the same electronic health record platform the Defense Department uses.
In addition, this week we’re recapping significant executive moves, including:
The Senate confirms Gina Haspel as CIA director.
IAP Worldwide Services chooses three new board members.
AFCEA International appoints DeEtte Gray of CACI as board chair.
Parsons names three C-suite executives to new positions.
Whitney, Bradley & Brown promotes Richard Justice to VP role.
The Senate voted 54-45 Thursday to confirm 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 has named John Campbell, a retired U.S. Army general; Herbert “Hawk” Carlisle, a retired U.S. Air Force general; and Mike Rogers, a former congressman, to its board of directors. Terry DeRosa, chief executive officer of IAP, said in a statement that Campbell, Carlisle and Rogers bring to the board insight, business acumen and military leadership.
DeEtte Gray, president of U.S. operations at CACI International, has beennamed chair of AFCEA International’s board of directors. Gray started her two-year term on Monday, May 14, tasked with overseeing AFCEA’s initiatives and other affairs, leading the association’s board and executive committee and serving as an ex officio member of all panels and subcommittees, CACI said Tuesday.
Brent Harvey, formerly corporate chief audit executive of Parsons, has been appointedas the company’s chief risk officer. He will oversee portfolio, enterprise and project risk functions, Parsons said Monday.
Adam Taylor, former chief strategy officer at Veritiv, has joined 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, former strategic planning and marketing manager of Parsons’ federal business unit, has been named chief audit executive. Murray will report to the audit committee of the company’s board of directors and succeed Brent Harvey, who will transition to the chief risk officer role, Parsons said Monday.
Whitney, Bradley & Brown has promoted 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, GovConWire reported that DXC Technology (NYSE: DXC) was planning on merging its U.S. public sector business with Vencore and KeyPoint Government Solutions to establish a “top five” 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. Veritas Capital’s 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 DXC launched last April, formed through the combinationof Computer Sciences Corp. with Hewlett Packard Enterprise’s (NYSE: HPE) enterprise services segment.When initially announced, DXC Technology disclosed that Mac Curtis, president and chief executive officer of Vencore, and a four-time Wash100 winner, would become CEO of the combined entity. Fellow four-time Wash100 inductee Marilyn Crouther, DXC’s 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 at Veritas Capital, and a 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 entity’s 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.
The Federal Trade Commissiongranted antitrust approval to DXC Technology in December, issuing a notice of early termination for the required waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. In March, DXC Technology revealed the new company’s name as Perspecta, following the transaction’s closure, with the Securities and Exchange Commissionregistration process underway.
This month, DXC Technology set May 25th as the record date for Perspecta’s 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 company’s common stock held on May 25th. Perspecta is expected to begin trading June 1st on the New York Stock Exchange under the ticker symbol “PRSP.”
On Monday, Mac Curtis said the company’s applied research work would help differentiate Perspecta from its competition, the Washington Business Journal reported.
THIS WEEK’S TOP 10 NEWS STORIES
Weekly Contract Awards This week’s top GovCon contract awards: Lockheed Martin, Pond-Woolpert JV, Serco, General Dynamics and Deloitte, among others.
Four companies have been selected to compete for task orders to build and support power systems for the U.S. Army Corps of Engineers under a five-year, $249 million contract. USACE received 11 bids for the firm-fixed-price contract through an online solicitation and the agency expects work performance to be complete by June 5, 2027, the
Charles Peiffer, executive vice president and chief financial officer of PAE (Nasdaq: PAE), will assume additional responsibilities as interim president and CEO of the Falls Church, Virginia-based government services contractor starting Friday, March 19. Peiffer was appointed by the board after John Heller, a 2021 Wash100 Award winner, decided to step down as president and