Mike Lawrie to Resign as CSRA Chairman
June 23 2016 - 4:15PM
Business Wire
Nancy Killefer Elected to Succeed
Lawrie
Mike Lawrie today announced that he will resign as chairman and
as a member of the board of directors of CSRA Inc. (NYSE: CSRA), a
leading provider of next-generation IT solutions and professional
services to government organizations.
Lawrie’s resignation from the CSRA board will be effective with
company’s annual meeting on Aug. 9, 2016. Nancy Killefer, who
currently serves as CSRA’s Lead Independent Director, has been
elected to succeed Lawrie, pending her reelection to the board of
directors at the annual meeting.
Lawrie also serves as chairman, president and CEO of
CSC (NYSE: CSC), a global leader in next-generation IT
services and solutions for commercial clients.
“With CSRA having completed two successful quarters as a newly
minted company – and in light of CSC’s intent to merge with the
Enterprise Services unit of Hewlett Packard Enterprise, which
itself has a very significant U.S. public sector business – I feel
it is the right time to pass the baton to Larry Prior and the other
members of the CSRA board,” Lawrie said. “I am pleased that over
the past four years we returned CSC’s North American Public Sector
(NPS) business to profitability and success. Last November we were
able to merge the NPS business with SRA International to create
CSRA, now the leading IT services provider to the U.S. federal
government.
“In creating CSRA we put together a strong leadership team, and
I have enjoyed working with them and with the board of directors,”
Lawrie continued. “I am proud of what’s been accomplished, and I am
confident that CSRA’s best days are ahead. I wish them well.”
Killefer is Director Emeritus at McKinsey & Company, Inc., a
global management consulting firm. She previously served as
Assistant Secretary for Management and Chief Financial Officer to
the U.S. Department of Treasury. She currently serves as Vice Chair
on the Defense Business Board and is a member of the MyVA Advisory
Committee. Killefer is a Director of the Advisory Board Company,
Avon Products Inc. and Cardinal Health, Inc.
“I look forward to working with Nancy as Chair,” said Larry
Prior, CSRA President and CEO. “Her combination of senior level
management experience, public company governance experience, and
government and public policy experience will be a huge asset for
CSRA as we continue our journey toward becoming the leader in
transforming government through next generation IT. I want to thank
Mike for his leadership and vision in creating CSRA and setting us
on our current path. He has been an important mentor to me and
instrumental to making CSRA the leading IT service provider to
government."
“I am excited for the opportunity to chair CSRA’s outstanding
board of directors,” said Killefer. “Our entire board is committed
to strong corporate governance and sustaining the momentum that we
have built in our first six months as a public company. I have
enjoyed working with Mike over the past three years and thank him
for his many contributions. I sincerely believe that CSRA is well
positioned to grow and lead, delivering a compelling value
proposition to all stakeholders.”
About CSRA Inc.
Every day CSRA (NYSE: CSRA) makes a difference in how the
government serves our country and our citizens. We deliver a broad
range of innovative, cloud-enabled, next-generation IT solutions
and professional services to help our customers modernize their
legacy systems, protect their applications, infrastructure, and
assets and improve the effectiveness and efficiency of
mission-critical functions for our warfighters and our citizens.
Our 18,000 employees understand that success is a matter of
perseverance, courage, adaptability and experience. CSRA is
headquartered in Falls Church, Virginia. To learn more about CSRA,
visit www.csra.com.
Forward-looking Statements
All statements in this press release and in all future press
releases that do not directly and exclusively relate to historical
facts constitute "forward-looking statements" within the meaning of
the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. These statements represent CSRA's intentions,
plans, expectations and beliefs, including statements about network
and asset protection and improving mission-critical functions. The
forward-looking statements are subject to risks, uncertainties and
other factors, many of which are outside the control of CSRA. These
factors could cause actual results to differ materially from
forward-looking statements. For a written description of these
factors, see the sections titled "Risk Factors" and "Management's
Discussion and Analysis of Financial Condition and Results of
Operations" in CSRA's most recent Annual Report on Form 10-K and
any updating information in subsequent SEC filings. CSRA disclaims
any intention or obligation to update these forward-looking
statements whether as a result of subsequent event or otherwise,
except as required by law.
In connection with the transaction referenced above, Everett
Spinco, Inc. will file with the SEC a registration statement on
Form S-4/S-1 and CSC will file a proxy statement on Schedule 14A
and a registration statement on Form S-4 containing a prospectus.
INVESTORS AND SECURITY HOLDERS ARE ADVISED TO READ THE REGISTRATION
STATEMENTS/PROSPECTUSES AND PROXY STATEMENT WHEN THEY BECOME
AVAILABLE, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT
THE PARTIES AND THE PROPOSED TRANSACTION. Free copies of the
prospectuses and proxy statement (when available) and other
documents filed with the SEC may be obtained at the SEC’s web site
at http://www.sec.gov. Free copies of these documents, once
available, and each of the companies’ other filings with the SEC,
may also be obtained from CSC’s web site at www.csc.com. This
communication shall not constitute an offer to sell or the
solicitation of an offer to sell or the solicitation of an offer to
buy any securities, nor shall there be any sale of securities in
any jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such jurisdiction.
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version on businesswire.com: http://www.businesswire.com/news/home/20160623006219/en/
CSCGlobal Media RelationsRich Adamonis,
862-228-3481radamonis@csc.comorInvestor RelationsNeil DeSilva,
703-245-9700neildesilva@csc.com
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