Leidos Announces Leadership Changes as Part of Ongoing Optimization Efforts

Rhea-AI Summary

Leidos (NYSE:LDOS) announces leadership changes effective July 5, aimed at optimizing internal processes and talent development. Paul Engola is appointed EVP, National Security Space, while George Reiter becomes acting CHRO. Jim Cantor will retire, leading to the creation of a Corporate Operations role, with Vicki Schmanske stepping in as EVP. Roy Stevens will replace Vicki as president of the Intelligence Group. CEO Roger Krone emphasizes the importance of flexibility to address customer needs in evolving markets. Leidos reported annual revenues of $12.30 billion for FY 2021.

Positive

• Leadership changes aimed at improving operational efficiency and market responsiveness.
• Engola's experience in defense and intelligence is expected to strengthen the National Security Space segment.
• Vicki Schmanske's leadership role may enhance corporate operations and strategic execution.

Negative

• Jim Cantor's retirement raises concerns about continuity in Performance Excellence and Strategic Partnerships.
• Transition to new leadership may create temporary disruptions in ongoing projects.

RESTON, Va., July 1, 2021 /PRNewswire/ -- Leidos (NYSE:LDOS), a FORTUNE^® 500 science and technology leader, today announced leadership changes as part of ongoing efforts to optimize internal processes and develop talent.

The following changes are effective Monday, July 5:

• Chief Human Resources Officer (CHRO) Paul Engola will serve as EVP, National Security Space, leading a strategic effort, in cooperation with all business groups, to help chart the way forward in this emerging market. Previously, Engola served as deputy group president for Leidos' former Defense and Intelligence Group, as well as in various roles within Lockheed Martin Space Systems. George Reiter, senior vice president for Leidos' Human Resources Centers of Excellence, will act as CHRO while a thoughtful search for a replacement is conducted.
  
  
• Jim Cantor, chief of Performance Excellence and Strategic Partnerships, has announced his intent to retire this year and, as part of that transition, change to consulting employee status. Consequently, the company is creating a Corporate Operations role to drive operational performance and the implementation of strategic functional initiatives. This role will include the responsibilities of Performance Excellence and Strategic Partnerships, as well as Corporate Real Estate and Facilities, Security Operations, Marketing and Communications, and Corporate Strategy and Special Projects. Vicki Schmanske, current Intelligence Group president, will assume the role of EVP, Corporate Operations. Prior to her current role, Vicki held roles at Leidos including chief administrative officer, and deputy president and chief operations officer for Leidos' Health Group. She also brings expertise from various leadership roles at Lockheed Martin.
  
  
• Roy Stevens, current head of Business Development and Strategy, will succeed Vicki as president of the Intelligence Group. Previous to his current role, Stevens spent 20 years with Lockheed Martin in a variety of executive level positions both in program execution and business development, for multiple lines of business. Bill Bender, senior vice president and strategic account executive, will act as chief of Business Development while a search for a replacement is conducted.

"These leaders have demonstrated their commitment to the Leidos team and expertise in multiple fields," said Roger Krone, Leidos chairman and CEO. "As we continue to grow as an enterprise, we must adjust to the changes we will see in our addressable markets. Our ability to remain flexible and agile in addressing customer needs is vital to our success."

About Leidos

Leidos is a Fortune 500^® information technology, engineering, and science solutions and services leader working to solve the world's toughest challenges in the defense, intelligence, civil, and health markets. The company's 40,000 employees support vital missions for government and commercial customers. Headquartered in Reston, Va., Leidos reported annual revenues of approximately $12.30 billion for the fiscal year ended January 1, 2021. For more information, visit www.Leidos.com.

Contact:	Melissa Dueñas
	(571) 526-6850
	Duenasml@leidos.com
	Brandon VerVelde
	(571) 526-6257
	Brandon.p.vervelde@leidos.com

 

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SOURCE Leidos

FAQ

What leadership changes did Leidos announce on July 1, 2021?

Leidos announced several leadership changes, including Paul Engola becoming EVP of National Security Space and Vicki Schmanske taking on the role of EVP, Corporate Operations, among others.

Why is Jim Cantor retiring from Leidos?

Jim Cantor announced his intent to retire as part of a planned transition, changing to a consulting role within the company.

What impact do the leadership changes at Leidos have on the company?

The changes are aimed at optimizing operations and adapting to market needs, although they may also introduce temporary disruptions during the transition.

When will the leadership changes at Leidos take effect?

The announced leadership changes will be effective on July 5, 2021.