- Push-out Score determined
- After about six years in the position
- Praise for Moraco
- Nazzic Keene taking over
- Moraco said 103 words
(exechange) — Reston, Virginia, March 11, 2019 — Tony Moraco, chief executive of SAIC, leaves his post. His departure is made public at an early stage. As announced by Science Applications International Corp. in a news release and in a regulatory filing published on Monday, March 11, 2019, Anthony J. (Tony) Moraco leaves his post as chief executive officer at the information technology company after about six years in the role, effective July 31, 2019.
Among the 3,000 largest publicly held companies incorporated in the U.S. based on market capitalization, the average tenure of the CEOs who departed over the past 12 months was 8.1 years, according to data compiled by exechange.
Tony Moraco’s duties will be taken over by Nazzic S. Keene, currently chief operating officer of Science Applications International Corp.
Tony Moraco’s departure from the CEO post is explained as follows. SAIC Board Chair Donna Morea said: “Because of the importance the Board of Directors places on succession planning and seamless leadership transitions, we are appreciative that Tony chose and groomed a highly-respected, highly-qualified successor.”
Precise information regarding Tony Moraco’s future plans was not immediately available.
SAIC said: “Tony Moraco will retire as chief executive officer effective July 31, 2019.”
Share price decline
The announcement follows a decline in Science Applications International Corp.’s share price of 23 percent since August 2018.
Chaired by Donna Morea
Science Applications International Corp. is chaired by Donna Morea.
In the position of CEO since 2013
Anthony J. Moraco has been the Chief Executive Officer of Science Applications International Corporation since September 27, 2013.
He serves as the Company’s Chief Executive Officer and a Director since the Company’s separation from the Company’s former parent, Leidos Holdings, Inc., in September 2013.
Prior to this time, Moraco served in various positions at Leidos, including serving as the President of its Government Solutions Group from February 2013 to September 2013, as Group President of its Intelligence, Surveillance and Reconnaissance organization from March 2012 to February 2013, as its Executive Vice President for Operations and Performance Excellence from August 2010 to March 2012 and as the Business Unit General Manager of its Space and Geospatial Intelligence Business Unit from 2006 to 2010.
Moraco served as the Deputy General Manager of Space & Intelligence Mission Systems and also as the Phantom Works Director of Homeland Security Technology Integration for the Boeing Company from 2000 to 2006.
Moraco began his career at Autometric, Inc. in 1984 and served in various leadership roles during his 16 years there supporting the intelligence community until Boeing’s acquisition of Autometric in 2000.
Moraco has also resigned from the Board of Directors of the Company, effective as of July 31, 2019.
Push-out Score determined
The Push-out Score™ determined by exechange gauges the likelihood that Tony Moraco was pushed out or felt pressure to leave the position.
exechange reached out to SAIC and offered the company the opportunity to comment on the score.
Read the full story in the exechange report 11.2019 ($).