Engility Holdings, Inc. (NYSE: EGL), a global provider of technical and professional services for the U.S. government, today announced a strategic realignment of its organizational structure and a streamlining of its operations as part of the Company’s previously announced strategy to strengthen its capabilities and competitiveness as an industry-best, pure-play government services provider.
Under the new operating structure, which will take effect January 1, 2013, Engility will do business through a centralized operating group with four business units. Support functions from current business units will be consolidated to create a highly efficient and responsive corporate-level infrastructure. The Company realignment will provide added customer focus, with business units concentrating on opportunities in the training and mission support services, technology services, engineering and program support services, and international development services markets. Shared service centers will support operations to deliver Engility’s customers the best possible support wherever and whenever needed around the world. The Company plans to align its external and internal financial reporting within the new unified structure on January 1, 2013.
John Heller, currently President of Engility’s Professional Support Services division, will lead operations for the Company under the new organizational structure. John Craddock, currently President of Engility’s Mission Support Services division, will lead a new strategic relations function for the Company aimed at strengthening high level relationships with customers and other key government stakeholders. The current Professional Support Services and Mission Support Services organizational structures will be eliminated under the realignment.
“This strategic realignment marks a significant milestone in the development of a new Engility. By fundamentally organizing our business differently and streamlining our operations, we are creating a new business that is more agile, customer-focused and disruptively competitive,” said Tony Smeraglinolo, President and CEO of Engility. “Consistent with the strategy that we articulated when we established Engility as an independent company, our new organizational structure will position the Company to succeed in an evolving market for government services by focusing our abilities to pursue new opportunities to capture market share and execute programs for our customers in the most cost-effective manner. This realignment is a strategic step aimed at preparing Engility for our next phase of growth.”
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