Breaking News

CIT to Buy Onewest Bank for $3.4 Billion in Cash and Stock
Tweet TWEET

Schafer Corporation Appoints Mark Andersson President and Chief Operating Officer

  Schafer Corporation Appoints Mark Andersson President and Chief Operating
  Officer

Business Wire

WASHINGTON -- December 19, 2012

Schafer Corporation, a leading provider of scientific, engineering, and
technical services and products applied to defeating national security
threats, today announced that it has appointed Mark Andersson to the newly
created position of President and Chief Operating Officer, effective January
1, 2013. Mr. Andersson is a seasoned executive with a demonstrated track
record of driving revenue, operating income and market share growth for
providers of engineering and technical services to the federal government.

“We are pleased to welcome Mark to our leadership team,” said Michael Griffin,
Chairman and Chief Executive Officer of Schafer Corporation. “His expertise
and experience with companies at a similar stage of development within our
industry will be invaluable as we continue to grow our company. My colleagues
and I will welcome his contributions as we work to help our clients across the
U.S. federal government solve highly complex and critical problems.”

Mr. Andersson recently served as the Chief Operating Officer of Applied Signal
Technology Inc. In that position, he helped lead Applied Signal through a
period of strong growth and expansion, culminating in the sale of the company
to Raytheon. Prior to Applied Signal, Mr. Andersson worked for over 25 years
in various capacities at Harris Corporation. During his tenure there, he held
increasingly senior-level positions within multiple government lines of
business.

“Schafer Corporation is one of the leading participants in vitally important
areas of our national security, and I am excited to be joining the team,” said
Mr. Andersson. “This is an important time in the history of Schafer
Corporation as the need for its services has perhaps never been greater. I am
looking forward to helping my new colleagues meet the needs of our clients and
grow our business well into the future.”

Mr. Andersson’s educational background includes a BS in electrical engineering
with distinction from the University of Virginia and an MBA in marketing
management from Georgia State University. He also participated in the
Leadership Directions Program at the University of Virginia’s Darden Business
School.

About Schafer Corporation

Schafer Corporation is a provider of scientific, engineering, and technical
services and products applied to defeating national security threats. The
Company has a national footprint supporting mission-critical programs for
customers including the US Air Force, US Army, US Navy, Defense Advanced
Research Projects Agency (DARPA), Missile Defense Agency (MDA), United States
Transportation Command (USTRANSCOM), National Aeronautics & Space
Administration (NASA), Department of Homeland Security (DHS), and National
Security Agency (NSA). The Company has been widely recognized for its
technical expertise and ability to provide objective analysis that leads to
the development of innovative, problem-solving solutions. For more
information, please visit www.schafercorp.com.

About Metalmark Capital

Metalmark Capital is a leading private equity firm whose principals have a
long track record of successful investing in targeted sectors, with particular
focus and competence in energy/natural resources, industrials, healthcare, and
defense/government services. Metalmark Capital seeks to build long-term value
through active and supportive partnerships with the companies and management
teams in which it invests. Metalmark Capital, which is an investment center of
Citi Capital Advisors, is currently investing its latest fund with $2.5
billion of committed capital. For more information, please visit
www.metalmarkcapital.com.

Contact:

Schafer Corporation
Patricia Millican, 703-516-6098
pmillican@schafertmd.com
or
The Abernathy MacGregor Group
Chuck Dohrenwend, 212-371-5999
cod@abmac.com
or
Luke Barrett, 212-371-5999
lpb@abmac.com