Serco's Allen to retire, CEO search underway

Dan Allen, Serco Inc.’s chairman and CEO, has announced his plan to retire by the middle of this year.

The company, owned by the British-based Serco Group plc, is looking at both internal and external candidate to replace Allen.

“Dan Allen has worked tirelessly on behalf of Serco during a critical transition period of the company,” said Rupert Soames, Serco Group CEO.

He credited Allen with developing a strong leadership team for the U.S business.

“Working with such a dedicated management team and workforce has been an honor and a great experience for me both professionally and personally,” Allen said. “Because of that, this decision was not easy for me to make.”

The U.S. business that Allen led has about $1 billion in annual revenue and 9,000 employees. Overall, Serco Group has $5 billion in revenue.

Allen joined Serco in 2013. He replaced Ed Casey, who is the chief operating officer for Serco Group.