What's next for SAIC?

SAIC CEO Tony Moraco explains what’s ahead for the company after acquiring Engility.

WASHINGTON — Tony Moraco, who has led Science Applications International Corporation as CEO since 2013, will retire at the end of July, the company has announced.

Succeeding Moraco is Chief Operating Officer Nazzic Keene, who joined SAIC in 2012. According to a company release, Keene was the lead on the $2.5 billion acquisition and integration of Engility, which concluded in January. With her ascension, SAIC also joins the growing ranks of defense firms run by women.

“I am extremely proud of how SAIC has evolved as a leading technology integrator with strong financial performance, led by an excellent leadership team, and I’m very confident that SAIC will deliver sustained profitable growth into the future,” Moraco said in the statement.

“I am also excited that Nazzic will become our company’s next CEO. She has an exceptional track-record leading the company’s operations, building great teams and growing business, most recently as the lead architect of the highly successful Engility merger and integration. Nazzic is the best person to take the helm, accelerate SAIC’s mission-focused strategy, and continue to deliver outstanding value for our customers, employees, and shareholders.”

Added SAIC Board Chair Donna Morea, “We are appreciative that Tony chose and groomed a highly respected, highly qualified successor. Nazzic has a deep understanding and proven mastery of how technology can be applied to further the critical missions of our government and a clear strategic vision for SAIC’s growth and future success.”

Moraco leaves SAIC in a strong position as a services and government IT leader. The Engility acquisition is estimated to put the company at around $6.5 billion in annual revenues.