SI International Announces CEO Succession Plan
July 21 2005 - 5:11PM
PR Newswire (US)
SI International Announces CEO Succession Plan Brad Antle to Become
CEO; Ray Oleson will Continue to Serve as Executive Chairman
RESTON, Va., July 21 /PRNewswire-FirstCall/ -- SI International,
Inc. (NASDAQ:SINT), an information technology and network solutions
(IT) company, today announced that its Board of Directors has
appointed S. Bradford Antle, the company's President and Chief
Operating Officer, as SI International's next President and Chief
Executive Officer (CEO). Antle will also serve on SI
International's Board of Directors. He will assume these positions
effective September 24, 2005. In addition to his new role as CEO
and member of the board, Antle will retain the position of company
President. Ray Oleson will continue to serve as Executive Chairman
of the Board after Antle becomes CEO. "These changes are consistent
with our Company's long-term succession plans and illustrate the
depth of the SI International management team," said Ray Oleson,
Chairman and CEO of SI International. "The role of Chairman has
become a full time job, given the increased duties and
responsibilities associated with being a public company. Promoting
Brad to CEO will enable me to devote more attention to that
position with a heightened focus on strategic business planning for
continued long-term growth initiatives and future acquisitions."
Oleson added, "The changes also reflect the increasing level of
leadership responsibility that Brad Antle has assumed as SI
International has rapidly grown into an important player in the
Federal IT sector. Brad brings the industry expertise and proven
management skills required to take the Company to the next level of
success, and he is supported by an extraordinarily qualified
management team." Brad Antle has more than twenty years of
experience as a leader in developing and delivering information
technology solutions to the Federal government. Antle joined SI
International in 1999 and played a leading role in successfully
integrating six companies and directing all of the Company's
business units. As President and Chief Operating Officer, Antle
also has had overall responsibility for marketing and sales. Antle
said, "I look forward to expanding my role in extending SI
International's record of strong financial performance and rapid
growth by delivering mission critical solutions that align with the
highest priorities of our Federal government customers. I am
tremendously excited about the opportunities in front of us, and
honored to succeed our founder, Ray Oleson, as CEO." These
management changes will be addressed during the quarterly earnings
conference call scheduled for Tuesday, July 26, 2005 at 9:00 AM ET.
For additional information, contact Alan Hill at SI International
at 703.234-6854 Brad Antle Background As President and Chief
Operating Officer of SI International, Brad Antle has overall
responsibility for marketing and sales, revenue management, client
relations, and directing the Company's operating units. He has
shared oversight of the acquisition and integration of six
companies. From June 1999 through February 2001, Antle served as SI
International's Executive Vice President. Prior to joining SI
International, Antle was named the first Director of Washington
Technical Operations for Lockheed Martin in 1996. Within three
years of establishing the new engineering division, Antle built the
organization to over 1,700 engineers, supporting twenty-one sites
and seventy programs. Antle began his corporate career at General
Electric in 1985, as a Senior Systems Engineer. After holding a
variety of increasingly responsible systems engineering leadership
assignments, he was selected in 1990 to form a Quality Engineering
department of 150 professionals, supporting over $400 million in
development contracts. In 1992, Antle was promoted to Senior
Program Manager for a 110-person, multi-site program with overseas
operations. Before joining General Electric, Antle served in the US
Navy for eight years as a Surface Warfare Officer and was Deputy
Department Head for Systems Engineering at one of the Navy's
software development facilities for tactical embedded systems.
Following his release from active military service, Antle served in
the Naval Reserve, holding several reserve commands, including his
most recent command of a Naval Surface Warfare Center Dahlgren
Division unit. Antle earned a Master in Engineering degree from
Penn State University, a Master in Business Administration degree
from the National University in San Diego, CA, and a Bachelor of
Science degree in Business Administration from the University of
Maryland. About SI International: SI International, a member of the
Russell 2000 index, is a provider of information technology and
network solutions (IT) primarily to the Federal government. The
Company combines technology and industry expertise to provide a
full spectrum of state-of-the-practice solutions and services, from
design and development to documentation and operations, to assist
clients in achieving their missions. SI International is ranked as
the 49th largest Federal Prime IT Contractor by Washington
Technology and has over 3,700 employees. More information about SI
International can be found at http://ww.si-intl.com/. The
above-referenced statements may contain forward-looking statements
that are made pursuant to the safe-harbor provisions of the Private
Securities Litigation Reform Act of 1995. Expressions of future
goals and similar expressions reflecting something other than
historical fact are intended to identify forward-looking
statements, but are not the exclusive means of identifying such
statements. These forward-looking statements involve a number of
risks and uncertainties, which are described in the Company's
filings with the Securities and Exchange Commission. These risks
and uncertainties include: differences between authorized amounts
and amounts received by the Company under government contracts;
government customers' failure to exercise options under contracts;
changes in federal government (or other applicable) procurement
laws, regulations, policies and budgets; the Company's ability to
attract and retain qualified personnel; and the important factors
discussed in the Risk Factors section of the annual report on Form
10-K filed by the Company with the Securities and Exchange
Commission and available directly from the Commission at
http://www.sec.gov/. The actual results may differ materially from
any forward-looking statements due to such risks and uncertainties.
The Company undertakes no obligations to revise or update any
forward-looking statements in order to reflect events or
circumstances that may arise after the date of this release.
CONTACT: Alan Hill of SI International, Inc., +1-703-234-6854, .
DATASOURCE: SI International, Inc. CONTACT: Alan Hill of SI
International, Inc., +1-703-234-6854, Web site:
http://www.si-intl.com/
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