Home / Weekly Round-up / Executive Mosaic’s Weekly GovCon Round-Up: Recent Executive Moves, Perspecta Spinoff Overview and Top 10 Stories

Executive Mosaic’s Weekly GovCon Round-Up: Recent Executive Moves, Perspecta Spinoff Overview and Top 10 Stories

Weekly Roundup
May 14 – May 18, 2018

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 Cerner receiving 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 been named 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 Commission granted 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.
Vencore’s Mac Curtis: Applied Research to Distinguish ‘Perspecta’ From Other Govt IT Vendors
Mac Curtis, president and CEO of Vencore, has said the company’s applied research work would help differentiate Perspecta from other government information technology services contractors, the Washington Business Journal reported Monday.

Marjorie Bailey, a 25-year human resources executive, has joined information services provider Neustar as senior vice president of HR.

Executive Spotlight: Interview With John Vollmer, President of Management Services at AECOM
ExecutiveBiz spoke with John Vollmer, president of management services at AECOM, and a three-time Wash100 winner, about AECOM’s robust organic growth, future in the unmanned aerial systems market, what infrastructure opportunities lie ahead, and much more.
Executive Spotlight: Interview With Brian Baldrate, VP & General Counsel of International and Washington Operations at Raytheon
ExecutiveBiz talked with Brian Baldrate, vice president and general counsel of Raytheon’s international and Washington, D.C., operations, about his military background, views on international defense sales and where he sees room for greater public-private sector collaboration.
Report: GSA Eyes Final RFP for 2 Pools of OASIS Vehicle’s Unrestricted Portion by May 31
The General Services Administration plans to open to companies two pools of the unrestricted portion of the One Acquisition Solution for Integrated Services contract vehicle, Bloomberg Government reported Friday.
Tech Sector Vet Rita Lane Appointed to L3 Board; Christopher Kubasik Comments
Rita Lane, a more than two-decade technology industry veteran, has joined the board of directors of L3 Technologies. L3 said Wednesday Lane’s appointment increases the number of L3’s board members to 10.
Navy Selects 3 Vendors for Potential $551M McAfee Products, Services BPA
The U.S. Navy has awarded three companies spots on a potential five-year, $550.8 million blanket purchase agreement to supply McAfee-branded hardware, software and services.
CIA to Seek Partners to Conduct Open-Source Intell, Big Data Experiments on AWS-Built Cloud
CIA plans to team up with companies to perform open-source intelligence and big data experiments using an Amazon Web Services-built cloud platform, Bloomberg Government reported Thursday.
GAO: Indefinite-Delivery Orders Comprised 40% of DoD Contract Obligations in FY 2015-2017
The Government Accountability Office has found that orders placed under indefinitely-delivery contracts accounted for approximately 40 percent of the Defense Department’s contract obligations between fiscal years 2015 and 2017.
Share
Tweet
Forward
Copyright © 2018 GovCon Wire, All rights reserved.

unsubscribe from this list    update subscription preferences

Check Also

Executive Mosaic’s Weekly GovCon Round-Up: AWS Public Sector Summit & Company News and Top 10 Stories

Weekly Roundup June 25 – June 29, 2018 Click here to see Real-Time GovCon Sector Quotes Executive …

Executive Mosaic’s Weekly GovCon Round-Up: AWS Public Sector Summit & Company News and Top 10 Stories

Weekly Roundup June 18 – June 22, 2018 Click here to see Real-Time GovCon Sector Quotes Executive …