RESTON,
Va., Feb. 19, 2025 /PRNewswire/ -- Leidos
(NYSE: LDOS) is promoting Jason
Albanese to corporate executive vice president and chief
growth officer effective March 3,
succeeding Gerry Fasano who will
retire as planned on April 4.
Albanese now is senior vice president of growth for the
company's National Security sector. He has an outstanding record of
performance during a career that has included assignments in
growth, business development, program management and
engineering.
"I want to congratulate Jason and thank Gerry for all he has
done for our company, and our country, during a remarkable 40-year
career," Chief Executive Officer Tom
Bell said. "Gerry built a strong team and an excellent
long-term strategy. Jason will lead our work to differentiate
Leidos as a trusted partner who helps make customers' outcomes
smarter and more efficient."
Reporting to Bell, Albanese will be central to implementing the
company's new NorthStar 2030 strategy. Earlier this month Bell
described that as "grounded in specific growth pillars where we
know customer needs are growing, market profitability is robust,
and Leidos differentiation is evident and accelerating."
At that same time the company reported record financial
performance for 2024 that included its best fourth quarter
book-to-bill ratio, an indication of strong demand for Leidos
solutions.
Albanese joined Leidos in 2017 following the merger with
Lockheed Martin's Information Systems and Global Solutions
organization. Initially he led strategy and business development
for the company's defense group, then held similar responsibilities
for the health and intelligence businesses before assuming his role
in the National Security sector last year.
He holds engineering degrees from the University of Pennsylvania and Villanova University, and a finance degree from the
University of Maryland.
About Leidos
Leidos is an industry and technology leader serving government
and commercial customers with smarter, more efficient digital and
mission innovations. Headquartered in Reston, Virginia, with 48,000 global
employees, Leidos reported annual revenues of approximately
$16.7 billion for the fiscal year
ended January 3, 2025. For more
information, visit www.Leidos.com.
Certain statements in this announcement constitute
"forward-looking statements" within the meaning of the rules and
regulations of the U.S. Securities and Exchange Commission (SEC).
These statements are based on management's current beliefs and
expectations and are subject to significant risks and
uncertainties. These statements are not guarantees of future
results or occurrences. A number of factors could cause our actual
results, performance, achievements, or industry results to be
different from the results, performance, or achievements expressed
or implied by such forward-looking statements. These factors
include, but are not limited to, the "Risk Factors" set forth in
Leidos' Annual Report on Form 10-K for the fiscal year ended
January 3, 2025, and other such
filings that Leidos makes with the SEC from time to time. Readers
are cautioned not to place undue reliance on such forward-looking
statements, which speak only as of the date hereof. Leidos does not
undertake to update forward-looking statements to reflect the
impact of circumstances or events that arise after the date the
forward-looking statements were made.
Contact:
Brandon Ver Velde
(571) 526-6257
brandon.p.vervelde@leidos.com
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SOURCE Leidos Holdings, Inc.
