Former Chairman and Chief Executive Officer Recognized for Guiding Company through Transition
(Reston, Va.) February 21, 2018 – Leidos (NYSE: LDOS), a Fortune 500® information technology, engineering, and science leader, today announced that former Chairman and Chief Executive Officer John P. Jumper will retire from the Board of Directors following a distinguished eleven-year tenure with the company at the end of his term. The Board of Directors have launched the search to select a successor.
Jumper served as chairman and CEO from 2012 to 2014, guiding the company through its successful transition into two separate, publicly-traded companies—Leidos and Science Applications International Corporation.
“On behalf of the Leidos Board of Directors and our 32,000 employees worldwide, I want to thank John for guiding our company into the future,” said Leidos Chairman and Chief Executive Officer Roger Krone. “John’s legacy of leadership and counsel over the past eleven years set us on a path that will endure as we continue to grow Leidos as a global technology leader. I wish him the best in his retirement.”
Jumper joined the private sector in 2005 following a career of nearly four decades of military service in the United States Air Force culminating as the chief of staff of the USAF. As a member of the Joint Chiefs, he acted as a military adviser to the secretary of defense, National Security Council and the president. As chief of staff during both operations Enduring Freedom and Iraqi Freedom, Jumper served as the most senior uniformed Air Force officer responsible for the organization, training and equipage of more than 700,000 active duty, Guard, Reserve and civilian forces serving in the United States and overseas. He has received many awards over the span of his career, including the Defense Distinguished Service Medal and the Air Force Distinguished Service Medal.
Leidos is a Fortune 500® science and technology solutions and services leader working to solve the world’s toughest challenges in the defense, intelligence, homeland security, civil, and health markets. The company’s 32,000 employees support vital missions for government and commercial customers. Headquartered in Reston, Virginia, Leidos reported annual revenues of approximately $7.04 billion for the fiscal year ended December 30, 2016. For more information, visit www.Leidos.com.
Statements in this announcement, other than historical data and information, constitute forward-looking statements that involve risks and uncertainties. A number of factors could cause our actual results, performance, achievements, or industry results to be very different from the results, performance, or achievements expressed or implied by such forward-looking statements. Some of these factors include, but are not limited to, the risk factors set forth in the company’s Annual Report on Form 10-K for the period ended December 30, 2016, and other such filings that Leidos makes with the SEC from time to time. Due to such uncertainties and risks, readers are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof.