Havenstein to step down at SAIC

Walt Havenstein will retire as CEO of Science Applications International Corp., effective June 15, 2012.

A company statement released on Oct. 3. said Havenstein was leaving for personal reasons.

"The board of directors will conduct a thorough and thoughtful search for a successor, considering internal and external candidates," Havenstein said. "The transition plan we have adopted will allow me to participate in the selection and we will assure a smooth transition."

"It is an honor to work with you and be associated with the great work you do for our customers and the nation. I am proud of our senior management, our line organization leaders and all of our colleagues,” Havenstein said in a message sent to employees, the announcement said.

“We have accomplished a great deal together and we will continue that record of accomplishment. In the years I have been with SAIC, we have put a strategy in place for the future, and we have structured a more agile, line-driven company to execute that strategy. You have given me every confidence that we will succeed," he said.

"We are pleased that Walt will continue as CEO as we implement an orderly and constructive transition," Chairman of the Board A. Thomas Young said in the announcement.

Havenstein joined SAIC after more than 25 years of industry leadership, including serving as president and CEO of BAE Systems Inc.