SAIC Announces CEO Transition

Science Applications International Corp. (NYSE: SAIC) today announced the appointment of 35-year global technology veteran Toni Townes-Whitley as the company’s Chief Executive Officer, effective October 2, 2023. Townes-Whitley will also join the SAIC Board of Directors upon assuming the role. She will succeed Nazzic S. Keene, who has decided to retire as CEO and from the SAIC Board, also effective October 2. To ensure a seamless transition, Townes-Whitley will join SAIC on June 12 as CEO-elect, while Keene continues as CEO through October 1. Keene will then become Special Executive Advisor to Townes-Whitley and the company through February 2, 2024.

Townes-Whitley brings a distinguished and proven track record of driving strong enterprise financial results and fostering an inclusive culture focused on entrepreneurship and high performance. In her most recent role as President, U.S. Regulated Industries at Microsoft, Townes-Whitley led the company’s U.S. sales strategy to drive digital transformation within the public sector and regulated commercial industries, including education, financial services, government and healthcare, managing a 5,200-person organization and approximately $16B of annual revenue. Prior to joining Microsoft, Townes-Whitley was President of CGI Federal and held several management roles at Unisys Corporation, leading global, public and commercial sector systems integration.

SAIC Board Chair Donna Morea said, “We thank Nazzic for her tremendous contributions and dedication to SAIC, which resulted in greater opportunities for our employees, improved outcomes for our customers and increased value for our shareholders. The Board’s selection of her successor is the result of a thorough and thoughtful CEO succession planning process to identify the right leader to accelerate the momentum built over the four years of Nazzic’s leadership. Toni is an innovative and collaborative leader whose success in digital transformation and leading-edge technology integration makes her our clear choice to lead SAIC’s next chapter.”

Keene joined SAIC in 2012, becoming CEO and being elected to SAIC’s Board of Directors in August 2019. She has received numerous recognitions, including six consecutive Executive Mosaic Wash100 Awards and ranking #3 in Institutional Investor’s All America Executive Team within the mid-cap Aerospace & Defense sector. Keene has also positioned the company’s portfolio to align with areas of increasing customer demand as evidenced by SAIC generating approximately 30% of revenue from its Growth and Technology Accelerants (GTAs) with the goal of reaching 40% of revenue by Fiscal Year 2026. Since the beginning of 2020, SAIC shares have outperformed the Russell 1000 Value Index and ranked #1 or #2 in total shareholder return for three of the four years amongst the company’s pure-play U.S. government IT Services peer group.