COLORADO SPRINGS, Colo.,
Dec. 6, 2016 /PRNewswire/
-- Vectrus, Inc. (NYSE:VEC) announced that the board of
directors has appointed Charles (Chuck)
Prow as the company's president and chief executive officer,
effective today. Prow has a proven track record in government
services, with over 25 years of leadership positions at IBM
Corporation, PricewaterhouseCoopers, and Coopers &
Lybrand. Prow was also appointed to the board of directors
and succeeds Kenneth W. Hunzeker,
who retired effective December 5,
2016.
"We are pleased to have Chuck join the Vectrus team. He brings a
strong track record of business development success, as well as
P&L performance. His experience in working with a wide
range of government customers, as well as his understanding of the
role technology can play in the services industry, makes him
well-suited to lead Vectrus into the next phase of our
development," said Lou Giuliano,
non-executive chairman of the board.
As part of the Vectrus succession planning process, the board
undertook a comprehensive search. Based on his solid
record of developing strong teams and expanding market share at
various federal agencies, Prow was selected as the best candidate
to lead Vectrus in growing the business and increasing shareholder
value.
Prow, 57, ran large global government services organizations,
delivering solutions to a wide array of Department of Defense and
other government customers. During his tenure at IBM, Prow
was successful in creating market differentiation through the
integration of IBM's technology and service competencies. He
established strategies that focused on delivering complex solutions
to critical government missions for national security, federal
civilian agencies, and state and local entities. These efforts
resulted in market share expansion, revenue growth, and margin
improvement.
"We believe Chuck's broad federal experience and rich skill set
will assist Vectrus in expanding our customer base and capturing
new opportunities we see in the facilities and logistics services
market. Additionally, Chuck has an established track record
associated with IT, which represents a growth area for Vectrus.
We are looking forward to his leadership and contributions in
enhancing Vectrus' position in this market," said Giuliano.
Prow said, "The opportunity to lead an organization that is
performing some of the most important missions across the world is
a great honor and responsibility. I'm looking forward to
bringing my experience and skill set to build on what the team has
already achieved and to continue to position Vectrus as a premier
provider of IT, facility and logistic services."
"On behalf of the board, I want to thank Ken for his leadership
over the past six years. His efforts in guiding Vectrus
through the spin-off and its first two years as a public company
created a solid foundation. He has enabled Vectrus to
establish a strong reputation of supporting customers' missions
with exemplary contract execution. Importantly, Ken will
participate in the transition process, and is eligible to
receive the benefits outlined in his employment agreement.
This will ensure that the transition is accomplished in the most
effective manner," said Giuliano.
About Vectrus
Vectrus is a leading, global government services company with a
history in the services market that dates back more than 70 years.
The company provides facility and logistics services, and
information technology and network communication services to
U.S. government customers around the world. Vectrus is
differentiated by operational excellence, superior program
performance, a history of long-term customer relationships, and a
strong commitment to their mission success. Vectrus is
headquartered in Colorado Springs,
Colo., and includes about 6,000 employees spanning 132
locations in 18 countries. In 2015, Vectrus generated sales of
$1.2 billion. For more information,
visit our website at http://www.vectrus.com or connect with us on
Facebook, Twitter, LinkedIn, and YouTube.
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Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995 (the "Act"): Certain material presented herein
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1A, – "Risk Factors," and elsewhere in our 2015 Annual Report on
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Investors
Mike
Smith
719-637-5773
michael.smith@vectrus.com
Media
George
Rhynedance
719-637-4182
george.rhynedance@vectrus.com
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SOURCE Vectrus