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TheStreet Open House

SAIC Appoints Mark Schultz As General Counsel For The Technical Services And Information Technology Segment

Stocks in this article: SAI

MCLEAN, Va., June 19, 2013 /PRNewswire/ -- Science Applications International Corporation (SAIC) (NYSE: SAI) today announced it has appointed Mark Schultz as General Counsel for the Technical Services and Information Technology segment, effective June 24.  Schultz will serve as executive vice president and general counsel for the planned company to be named SAIC following the company's planned separation into two independent, publicly traded companies, as announced Aug. 30, 2012.

Schultz brings nearly 30 years of industry legal experience to SAIC.  He specializes in technology, finance and corporate governance and has served as the chief legal and risk officer and corporate secretary for MWH Global, Inc. Prior to MWH, Mark worked in senior legal executive roles for SRA International and Raytheon's Missile Systems business.  He was also a partner for global law firms Sidley Austin and Perkins Coie in Japan and the U.S., where he oversaw legal strategies supporting large-scale financing and construction projects for multiple industries.

He holds a bachelor's degree in economics and foreign service from Alma College in Alma, Mich., and graduated magna cum laude from Harvard Law School

"We are excited to welcome Mark to our executive leadership team," said Tony Moraco, president of the segment. "His extensive business experience in a range of markets will be a tremendous asset to the new SAIC as he assumes leadership and oversight responsibility for the legal affairs and risk management activities of our business."

About SAIC

SAIC is a FORTUNE 500® scientific, engineering, and technology applications company that uses its deep domain knowledge to solve problems of vital importance to the nation and the world, in national security, energy and the environment, critical infrastructure, and health.  The Company's approximately 38,000 employees serve customers in the U.S. Department of Defense, the intelligence community, the U.S. Department of Homeland Security, other U.S. Government civil agencies and selected commercial markets.  Headquartered in McLean, Va., SAIC had annual revenues of approximately $11.2 billion for its fiscal year ended January 31, 2013.  For more information, visit www.SAIC.com.  SAIC:  From Science to Solutions®

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 SAIC's Annual Report on Form 10-K for the period ended January 31, 2013, and other such filings that SAIC 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.

SOURCE SAIC

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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