SRA International, Inc. Announces CEO Succession
February 23 2007 - 8:00AM
PR Newswire (US)
Renny DiPentima to Retire as President and CEO on April 1; Former
Lockheed Martin Executive Stan Sloane Named Successor FAIRFAX, Va.,
Feb. 23 /PRNewswire-FirstCall/ -- SRA International, Inc.
(NYSE:SRX), a leading provider of technology and strategic
consulting services and solutions to federal government
organizations, today announced that President and CEO, Dr. Renato
A. DiPentima, will retire on April 1, 2007, and that Dr. Stanton D.
Sloane has been selected as his successor. Dr. Sloane comes to SRA
from Lockheed Martin Corporation where he has held the position of
Executive Vice President for Integrated Systems and Solutions
(IS&S). Dr. DiPentima is completing an excellent twelve-year
career with SRA, and will remain a part-time employee and Board
member. He will work closely with Dr. Sloane to facilitate
transition. Ernst Volgenau, Chairman of the Board of SRA, said,
"Stan has demonstrated an extraordinary record of success first at
GE Aerospace and then at Lockheed Martin. He brings valuable
experience not only in SRA core competencies but also in a wide
range of engineering services that will provide new avenues of
growth for the company, including the Department of Defense and the
intelligence community. Stan will build on the excellent
achievements of Renny DiPentima." Renny DiPentima said, "We have
selected an outstanding new CEO for SRA, and I am confident about
working with Stan to ensure a smooth transition to such a capable
and experienced executive. After Stan becomes CEO on April 2, I
intend to help SRA in every way possible, with its customers,
employees, and stockholders." Since 2004, Dr. Sloane has led
Lockheed Martin's IS&S unit, which provides systems engineering
and integration services for high-value network-centric information
and intelligence systems that support missions of the U.S.
Department of Defense and other national security customers. He
began his career with General Electric Aerospace in 1984 and
progressed through engineering, program management, and business
development assignments in a variety of GE Aerospace and
subsequently Lockheed Martin businesses. He also served as an
officer in the United States Navy. A native of Miami, Florida, Dr.
Sloane holds a Bachelor of Science degree in Professional Studies
(Aeronautics) from Barry University, a Masters degree in Human
Resources Management from Pepperdine University, and a Doctor of
Management from the Weatherhead Business School at Case Western
Reserve University. Dr. Volgenau and Dr. DiPentima will discuss the
transition in a public conference call today, February 23, 2007,
beginning at 3:00 PM Eastern. Interested parties may listen to the
conference call by dialing (888) 287-9905 (U.S./Canada) or (706)
643-7540 (other) with passcode 9775740. The call will be Webcast
simultaneously through a link on the SRA Web site
(http://www.sra.com/). A replay of the conference call will be
available approximately two hours after the conclusion of the call
by dialing (800) 642-1687 (U.S./Canada) or (706) 645-9291 (other)
with passcode 9775740. About SRA International, Inc. SRA is a
leading provider of technology and strategic consulting services
and solutions -- including systems design, development, and
integration; and outsourcing and managed services -- to clients in
national security, civil government, and health care and public
health markets. The Company also delivers business solutions for
contingency and disaster response planning, information assurance,
business intelligence, environmental strategies, enterprise
architecture, infrastructure management, and wireless integration.
FORTUNE magazine has chosen SRA as one of the "100 Best Companies
to Work For" for eight consecutive years. The Company's 5,200
employees serve clients from its headquarters in Fairfax, Virginia,
and offices across the country. For additional information on SRA,
please visit http://www.sra.com/. Any statements in this press
release about future expectations, plans, and prospects for SRA,
including statements containing the words "estimates," "believes,"
"anticipates," "plans," "expects," "will," and similar expressions,
constitute forward-looking statements within the meaning of The
Private Securities Litigation Reform Act of 1995. Actual results
may differ materially from those indicated by such forward-looking
statements as a result of various important factors, including: our
dependence on our contracts with federal government agencies,
particularly within the U.S. Department of Defense, for
substantially all of our revenue, our dependence on our GSA
schedule contracts and our position as a prime contractor on
government-wide acquisition contracts to grow our business, and
other factors discussed in our latest quarterly report on Form 10-Q
filed with the Securities and Exchange Commission (SEC) on February
2, 2007. In addition, the forward-looking statements included in
this press release represent our views as of February 23, 2007. We
anticipate that subsequent events and developments will cause our
views to change. However, while we may elect to update these
forward-looking statements at some point in the future, we
specifically disclaim any obligation to do so. These
forward-looking statements should not be relied upon as
representing our views as of any date subsequent to February 23,
2007. DATASOURCE: SRA International, Inc. CONTACT: Laura Luke of
SRA International, Inc., +1-703-803-1856, Web site:
http://www.sra.com/
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