Tony Moraco scheduled to retire as SAIC Chief Executive Officer on July 31, 2019

March 13, 2019: Tony Moraco plans to retire as the Chief Executive Officer of SAIC on July 31, 2019. Moraco’s retirement plans were officially announced by SAIC officials in a press release that was released late in the afternoon on Monday, March 11, 2019. Nazzic S. Keene has been hired to succeed Moraco as the SAIC CEO. Keene is currently the company’s Chief Operating Officer. Keene has more than three decades of experience in the information systems and technology services industries. She joined SAIC in 2012. Since that time, she has risen through the company’s ranks to lead its daily operations as its Chief Operating Officer and to oversee the merger and integration of Engility, which became a wholly-owned subsidiary of SAIC on Jan. 14, 2019. Keene was previously the President of the company’s Global Markets and Mission sector and the Senior Vice President for Corporate Strategy and Planning, where she helped work on the spin-off of SAIC in 2013. SAIC has about 23,000 employees, has annual revenues of about $6.5 billion, and the company is based in Reston, Virginia. Moraco has led the government IT contractor SAIC since 2013, when the former SAIC was split in two, with the information technology (IT) services unit taking the decades-old name of SAIC, and a new company, Leidos Holdings Inc., taking the national security and commercial health and engineering markets. Moraco, who turns 59 tomorrow, Thursday, March 14, 2019, has worked at SAIC since 2006. Moraco, who earned $6.43 million in total compensation in 2017, is on the Board of the Northern Virginia Technology Council and the Intelligence and National Security Alliance (INSA), and he is the past Chairman of the Defense Industry Initiative on Business Ethics.

Attribution: SAIC, The Washington Business Journal

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