NCI, Inc. (NASDAQ:NCIT), a leading provider of information technology (IT), engineering, logistics, and professional services and solutions to U.S. Federal Government agencies, announced today that Terry W. Glasgow, President, has announced his intention to retire, effective December 31, 2011. Upon retiring, Glasgow will remain on the company’s Board of Directors as well as provide continuing advisory services to NCI as a consultant.
“Terry has been a key member of our management team for more than seven years and has played an integral role in the growth and success of NCI,” said Charles K. Narang, Chairman and CEO. “We are grateful for his contributions to NCI and look forward to his ongoing presence during a transition period and as a member of the Board.”
Brian J. Clark, NCI’s current Executive Vice President and Chief Financial Officer, has been named as his successor and a member of the company’s Board effective January 1, 2012. Before joining NCI in April 2011, Clark was Executive Vice President, Chief Financial Officer and Treasurer for Stanley, Inc. (NYSE:SXE), which was acquired by CGI Group in September 2010. While at Stanley, he led equity and debt financings, including the company’s initial public offering in 2006 to support organic growth, as well as several successful acquisitions.
Additionally, he was responsible for spearheading corporate reorganizations that streamlined operations and resulted in revenue and margin growth. Before Stanley, Inc., Clark was the Vice President and Corporate Controller, and previously the merger and acquisitions executive for Titan Corporation, which was acquired by L-3 Communications in 2005.
“Since joining NCI, Brian has demonstrated exceptional leadership and a deep understanding of our business,” said Narang. “He has an outstanding reputation in the capital markets for growing businesses both organically and through acquisitions. We are confident that he is the perfect candidate to succeed and build upon Terry’s notable achievements.”