George Pedersen Retires from ManTech Board of Directors
On February 23, 2022, ManTech (MANT) announced the retirement of co-founder George J. Pedersen from its Board of Directors and as Chairman Emeritus. Pedersen, who co-founded the company in 1968, highlighted the successful transition of leadership under Chairman Kevin Phillips since September 2020. He expressed confidence in ManTech's future as its largest shareholder, noting the company's growth from $400 million in annual revenue in 2002 to over $2.5 billion today. The current team of approximately 9,800 employees delivers diverse technological solutions aimed at U.S. defense and intelligence sectors.
- Leadership transition under Kevin Phillips is showing positive momentum.
- Pedersen's confidence as the largest shareholder may bolster investor sentiment.
- Concerns over continuity as a long-standing leader departs.
HERNDON, Va., Feb. 23, 2022 (GLOBE NEWSWIRE) -- ManTech (Nasdaq: MANT) today announced that its Co-Founder, George J. Pedersen, has decided to retire from his position on the ManTech Board of Directors and as Chairman Emeritus.
“Over the past several years, ManTech has undertaken a multi-year plan to transition leadership of the company which has included the appointment of Kevin Phillips as Chairman in September 2020,” said Pedersen. “The company is well-positioned under the guidance of a strong leadership team and Board, and I believe that now is the right time to retire from the Board. I care deeply about ManTech and its people and look forward to closely following the company’s continued success as its largest shareholder.”
“I want to thank George on behalf of everyone who has been part of ManTech for his guidance and leadership over the past five decades, most recently in his role as Chairman Emeritus and as a member of the Board,” said Kevin M. Phillips, Chairman, Chief Executive Officer and President of ManTech. “George is a true industry pioneer, and we are grateful for all that he has done to build ManTech into a leading mission-focused national security company.”
Pedersen co-founded the Company in 1968 with a dream and a single contract to supply high-end modeling and simulation services to the U.S. Navy. Under Pedersen’s multi-decade, strategic leadership as Chairman and Chief Executive Officer, ManTech grew from
About ManTech
ManTech provides mission-focused technology solutions and services for U.S. defense, intelligence community and federal civilian agencies. In business more than 53 years, we excel in full-spectrum cyber, data collection & analytics, enterprise IT, systems engineering and software application development solutions that support national and homeland security. Additional information on ManTech can be found at www.mantech.com
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Stephen Vather
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Stephen.Vather@ManTech.com
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