SAIC Announces Key Leadership For Planned New Companies

           SAIC Announces Key Leadership For Planned New Companies

John Jumper to lead $7B National Security, Health and Engineering Solutions
Business, Tony Moraco to lead $4B Government Technical Services and Enterprise
IT Business

PR Newswire

MCLEAN, Va., Nov. 5, 2012

MCLEAN, Va., Nov. 5, 2012 /PRNewswire/ --SAIC today announced key leadership
appointments for the businesses that will be created next year following its
planned separation into two independent, publicly traded companies, as
announced Aug. 30.

National Security, Health & Engineering Solutions Business

  oJohn Jumper, CEO and Chairman of the Board
  oStu Shea, President and COO
  oMark Sopp, CFO
  oVince Maffeo, General Counsel
  oJoe Craver, Sector President – Health, Engineering & Commerce

John Jumper, SAIC's current chairman and chief executive officer (CEO), will
be appointed as CEO and Chairman of the business focused on delivering science
and technology solutions in three high-growth markets that reflect high
priority, long-term global needs – national security, engineering and health.
Jumper's experience in both defense and global industry and his focus on
providing the most advanced technical solutions to war fighters and government
and commercial customers, has been an asset to SAIC since his appointment to
the Board of Directors in 2007. Stu Shea is SAIC's current Chief Operating
Officer (COO) and former group president. He will continue to serve as the
company's COO and assume the position of President, leveraging his critical
role in developing the restructured solutions business model, while continuing
to deliver the benefits of decades of experience in the intelligence
community.

Mark Sopp, SAIC's Chief Financial Officer (CFO) since 2005, will continue to
support shareholders as the company's CFO. Vince Maffeo, SAIC's current
general counsel, who came to the company from ITT Corporation in 2010, will
remain on the leadership team and serve in the same capacity. Joe Craver,
current group president, will continue to lead the health, engineering, and
commerce portions of the business as sector president. With Tony Moraco's
planned move to lead the services company, SAIC will initiate an executive
search for the president of the national security sector.

The three markets this company represents share an increasingly important
convergence of the physical and digital worlds. The combined talents of this
leadership team will enable the company to operate fluidly in these complex,
data rich markets, and continue SAIC's proud legacy of securing the future of
our families, our communities, and our world. Pro forma revenue for the fiscal
year ending January 31, 2013 for the future solutions-focused business is
estimated at $7 billion.

Government Technical Services & Enterprise IT Business

  oTony Moraco, CEO
  oSandy Sanderson – Non-executive Chairman of the Board
  oTom Baybrook, Chief of Administration and Operations
  oJohn Hartley, CFO
  oDeborah Lee James, Sector President – Technical Services
  oNazzic Turner, Sector President – Enterprise IT

Moraco will serve as CEO for the government technical services and enterprise
IT business, bringing his in-depth market knowledge and operational excellence
to the company. He will lead company initiatives to tap into billions of
dollars in new business made accessible by the removal of existing
organizational conflicts of interest (OCI) after separation. Prior to his
current role as ISR Group President, Moraco served as an Executive Vice
President responsible for SAIC's IT, facilities, security, program execution,
procurement, shared services and operational initiatives – driving efficiency
and effectiveness across the enterprise. Mr. Edward "Sandy" Sanderson will
assume the position of Non-executive Chairman of the Board of Directors. He
has been a member of the SAIC Board of Directors since 2002 having retired
from a career in the technology industry, serving in senior management
positions with Oracle, McKinsey & Company, and Accenture.

Tom Baybrook, current acting president of SAIC's Defense Solutions Group
(DSG), will serve as the company's chief of administration and operations,
leveraging decades of expertise in the federal technical services and IT
markets. He will be responsible for a broad range of activities including
operations and performance excellence efforts, as well as corporate business
management and enterprise service functions.

John Hartley, SAIC senior vice president and corporate controller, will be the
company's CFO. Hartley has been SAIC's corporate controller and principal
accounting officer since 2005, responsible for SEC reporting, technical
accounting, Sarbanes-Oxley compliance, tax and financial planning and
analysis, accounting, and government compliance. Prior to joining SAIC in
2001, Hartley spent 12 years with the public accounting firm Deloitte LLP
where he focused on the Aerospace and Defense industry.

Deborah Lee James, SAIC's current Executive Vice President for Communications
and Government Affairs, will serve as sector president of the company's
technical services sector. James formerly served as a business unit general
manager within SAIC's DSG focusing on Navy C4 (Command, Control, Computers,
Communication) and aviation related business areas. She brings more than 25
years of senior leadership experience in national security programs to her new
role, including serving as assistant secretary of defense for Reserve Affairs
for more than five years. Nazzic Turner, who recently joined the company from
CGI, will serve as sector president for Enterprise IT. She has more than 26
years of experience delivering professional services in both the public and
commercial IT sectors, growing and operating professional services practices,
and delivering applications, products, systems integration services and
outsourced solutions to customers.

Together, the leadership team will manage a diverse contract portfolio
utilizing effective tools and efficient processes – one of the largest,
pure-play government services companies in the market, competing in a broad
market space and leveraging their combined deep mission knowledge and customer
relationships to spur growth and increase shareholder value. Pro forma revenue
for the fiscal year ending January 31, 2013 for the future technical services
business is estimated at $4 billion.

Unleashing Two World-Class Companies

"The talents of these leadership teams and their passion for customer success
will enable SAIC to continue its evolution and proud heritage in new ways, as
two new companies, growing through the elimination of OCI and adding mass to
key growth areas through the next steps in the execution of our strategy,"
said Jumper. "Once in place, these teams will be at the helm of businesses
with optimized cost structures and unrestricted access to their respective
markets – both capable of leveraging decades of scientific and engineering
excellence. Now is the right time and we have the right teams to unleash these
two world-class companies and the value they can deliver to our customers,
employees and shareholders."

The separation will take the form of a tax-free spin-off to SAIC stockholders
of 100% of the shares of a newly formed company, upon final approval by the
Board.

The spin-off is expected to occur in the latter half of next fiscal year.

About SAIC

SAIC is a FORTUNE 500® scientific, engineering, and technology applications
company that uses its deep domain knowledge to solve problems of vital
importance to the nation and the world, in national security, energy and the
environment, critical infrastructure, and health. The Company's approximately
40,000 employees serve customers in the U.S. Department of Defense, the
intelligence community, the U.S. Department of Homeland Security, other U.S.
Government civil agencies and selected commercial markets. Headquartered in
McLean, Va., SAIC had annual revenues of approximately $10.6 billion for its
fiscal year ended January 31, 2012. For more information, visit
http://www.saic.com/. SAIC: From Science to Solutions®

Statements in this announcement, other than historical data and information,
constitute forward-looking statements that involve risks and uncertainties. A
number of factors could cause our actual results, performance, achievements,
or industry results to be very different from the results, performance, or
achievements expressed or implied by such forward-looking statements. Some of
these factors include, but are not limited to, the risk factors set forth in
SAIC's Annual Report on Form 10-K for the period ended January 31, 2012, and
other such filings that SAIC makes with the SEC from time to time. Due to such
uncertainties and risks, readers are cautioned not to place undue reliance on
such forward-looking statements, which speak only as of the date hereof.

Contact: Melissa Koskovich
                 (703) 676-6762
                 koskovichm@saic.com 

SOURCE SAIC

Website: http://www.saic.com
 
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