CACI International Inc (NYSE: CACI) announced today that
President and Chief Executive Officer Paul M. Cofoni has notified
the company of his intention to retire as of December 1, 2012. To
support a smooth and efficient CEO transition, effective July 1,
2012, Mr. Cofoni will assume the role of Chief Advisor to Executive
Chairman of the Board Dr. J.P. (Jack) London. Current President of
U.S. Operations Daniel D. Allen will be appointed President and
CEO; and current Chief Operating Officer of U.S. Operations John S.
Mengucci will be named Chief Operating Officer and President of
U.S. Operations.
Dr. London stated, “As CACI completes its 50th year in business,
I thank Paul Cofoni for his exceptional leadership and his
outstanding contributions to our historic growth. His service now
as Chief Advisor to me and our Board will assure a seamless CEO
transition while continuing his valuable work with our company. I
look forward to working with Dan Allen and the valuable experience
and strength he brings to our company.”
Mr. Cofoni said, “CACI today is a leader in our industry and a
driving force in delivering innovative solutions for our clients
and value for our shareholders. Our growth strategy will continue
under the leadership of Dan Allen, an exceptional and
well-respected professional who possesses outstanding experience
with large, Tier 1 organizations in our market space. Dan will
continue to make CACI the employer of choice for talented
professionals as he sustains our focus on operational excellence,
innovation, our industry-leading mergers and acquisitions program,
and growing our business. Joining Dan will be John Mengucci as COO
and President of U.S. Operations, bringing proven and complementary
capabilities to this outstanding partnership. I thank CACI’s Board
of Directors for its support and confidence in me, and I look
forward to continuing my service to the Board now as Chief Advisor.
I am also proud to have led CACI’s talented professionals whose
pride in their work can be seen every day in the innovative
solutions they provide to our clients, who have the most important
missions in the world in serving our citizens and protecting our
nation.”
Paul Cofoni joined CACI as President of U.S. Operations in
August 2005, and was named President and CEO in July 2007. Under
Mr. Cofoni’s guidance, CACI grew from approximately 9,500 employees
to its current base of some 14,600 professionals. The company also
set records for financial performance, more than doubling in
revenue from $1.6 billion in 2005 to the currently projected $3.8
billion for its FY12, including the integration of more than 20
acquisitions. Throughout this time, Mr. Cofoni shaped CACI’s
extensive portfolio of solutions and services to support defense,
intelligence, homeland security, and government transformation.
Mr. Cofoni is well-respected for his leadership of CACI’s
dedicated employees. In 2011, his leadership earned him recognition
as Government Contractor Executive of the Year and was instrumental
in CACI’s selection as the 2009 Government Contractor of the Year
for companies in its class. He is a two-time recipient of Federal
Computer Week’s “Fed 100” honor roll of IT pioneers in the federal
government, and his leadership was integral to Fortune magazine’s
selection of CACI as among the 2012 Most Admired Companies in the
world.
Another hallmark of Mr. Cofoni’s career was his reengineering of
CACI’s recruiting programs with a special focus on hiring veterans.
He created the company’s Deploying Talent - Creating Careers
program for recruiting veterans with disabilities, now regarded as
one of the industry’s preeminent veteran recruiting programs. This
and similar initiatives he launched have established CACI as a
leader in helping veterans transition to civilian life.
Dan Allen joined CACI as Chief Operating Officer of U.S.
Operations in March 2011, bringing a strong track record of
maintaining consistent growth in large operations within the
information technology and intelligence industry. His 30 years of
experience includes leading the development and delivery of
information solutions in such areas as intelligence, cyberspace,
and enterprise IT services for Intelligence Community, Department
of Defense, and federal civilian clients. In January 2012, he was
named CACI’s President of U.S. Operations. In this role, he has
championed initiatives promoting growth in CACI’s existing markets,
expansion of its business base, program performance, and leadership
and employee development, positioning CACI to continue its growth
momentum.
Mr. Allen commented, “I am confident in the CACI Team and its
ability to compete and win in our large addressable market. We have
a vibrant culture based on agility and innovation, are unwavering
in our ethics and integrity, and have great employees working every
day to meet our commitments to clients and shareholders. We are
focused on the high-priority markets of defense, intelligence,
homeland security, and government transformation. We also expect to
capitalize on high-growth opportunities in cyberspace, healthcare
IT, and Special Operations. We have built a lean organization with
a strong program of operational excellence that continually
delivers high client satisfaction. Our mergers and acquisitions
program will remain an important part of our forward momentum, and
our investments in our people, business, and capabilities will
enable CACI to effectively deliver on our client’s highest
priorities. I now look forward to working with the CACI Board in
continuing the company’s growth record. I also want to thank Paul
Cofoni for his wisdom and exceptional leadership and vision, which
will be invaluable to me in the future as I continue CACI’s legacy
of integrity, innovation, client service, and our dedicated support
for America’s greatest challenges.”
John Mengucci joined CACI as Chief Operating Officer of U.S.
Operations in February 2012, also bringing considerable expertise
in implementing successful business strategies for
multibillion-dollar organizations, as well as extensive experience
in serving the needs of both federal civilian and Department of
Defense clients. With CACI, Mr. Mengucci will focus on operational
excellence and driving increased efficiencies in company business
practices.
Mr. Mengucci said, “With CACI’s highly diversified business base
and our employees’ commitment to integrity and operational
excellence, I see significant opportunities for ongoing growth in
core markets and accelerated momentum in emerging markets that are
key to our future success. Our innovative solutions and strong
record of program performance consistently deliver high client
satisfaction. I look forward to leveraging the robust capabilities
CACI brings to our clients. I’m proud to partner with Dan Allen and
our entire team of highly skilled leaders whose vision and strategy
are guiding one of the top-performing companies in our
industry.”
CACI also announced its Fiscal Year 2013 guidance, reiterated
its FY12 revenue and net income guidance, and stated its Board of
Directors has authorized a new share repurchase program, the second
in this fiscal year, for 4 million shares of the company’s common
stock. These actions reflect CACI’s continuing confidence in its
future performance and stock value, and reaffirm that the company
maintains a steadfast commitment to delivering value for its
employees, clients, and shareholders.
Celebrating our 50th year in business, CACI sustains an
exceptional record of success by providing professional services
and IT solutions needed to prevail in the areas of defense,
intelligence, homeland security, and IT modernization and
government transformation. We deliver business system solutions; C2
solutions; cyberspace solutions; enterprise IT solutions;
geospatial solutions; healthcare IT solutions; identity management
solutions; integrated security solutions; investigation and
litigation support; ISR solutions; knowledge management solutions;
logistics and material readiness; mobility solutions; and program
management and SETA support. CACI solutions help federal clients
provide for national security, improve communications and
collaboration, secure information systems and networks, enhance
data collection and analysis, and increase efficiency and mission
effectiveness. A member of the Fortune 1000 Largest Companies and
the Russell 2000 index, CACI provides dynamic careers for
approximately 14,600 employees working in over 120 offices in the
U.S. and Europe. Visit CACI on the web at www.caci.com and
www.asymmetricthreat.net.
There are statements made herein which do not address historical
facts, and therefore could be interpreted to be forward-looking
statements as that term is defined in the Private Securities
Litigation Reform Act of 1995. Such statements are subject to
factors that could cause actual results to differ materially from
anticipated results. The factors that could cause actual results to
differ materially from those anticipated include, but are not
limited to, the risk factors set forth in CACI's Annual Report on
Form 10-K for the fiscal year ended June 30, 2011, and other such
filings that CACI makes with the Securities and Exchange Commission
from time to time. Any forward-looking statements should not be
unduly relied upon and only speak as of the date hereof.
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