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MAXIMUS Welcomes Richard Nadeau As New Chief Financial Officer

Stocks in this article: MMS

MAXIMUS (NYSE: MMS), a leading provider of government services worldwide, announced today the appointment of Richard J. Nadeau as Chief Financial Officer and Treasurer. In this role, Mr. Nadeau will be responsible for the Company's financial operations, including all corporate accounting and financial planning and analysis. He will also oversee the corporate controllership, treasury and tax functions, and will provide leadership assistance for the Company's mergers and acquisitions activities. Mr. Nadeau's appointment is effective June 23, 2014.

Mr. Nadeau joins MAXIMUS from SRA International, an organization that serves several U.S. federal government agencies. He spent the last ten years as Chief Financial Officer for three NYSE-listed companies. Previously, Mr. Nadeau spent more than 30 years in public accounting and was a partner with KPMG, where he was the lead engagement and audit partner for several large government and commercial firms. Mr. Nadeau holds a bachelor’s degree in commerce and a master’s degree in accounting from the University of Virginia and is a member of the American Institute of Certified Public Accountants.

“Rick brings nearly four decades of executive-level experience, including the successful direction and implementation of processes related to governance, accounting and internal control,” commented Richard A Montoni, Chief Executive Officer of MAXIMUS. “His extensive experience combined with his knowledge of the government contracting environment will be a tremendous asset as we continue to drive long-term growth and add shareholder value.”

Mr. Nadeau replaces David N. Walker, who previously announced his planned retirement and will remain at MAXIMUS until approximately December 2014 to ensure a smooth transition and to serve as a strategic advisor to the Chief Executive Officer. Following his retirement, Mr. Walker will continue in a part-time role.

Mr. Walker was recently named the 2014 Greater Washington Technology Public Company CFO of the Year. MAXIMUS congratulates Mr. Walker for this recognition and thanks him for his many contributions that have helped solidify the strong market position and the long-term growth platform that the Company enjoys today.

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