Perspecta, Northrop detail changes to their boards
By
Ross Wilkers
Perspecta and Northrop Grumman both announce changes to their boards of directors in the form of a new chairman for one and an additional member for the other.
Two publicly-traded government contractors announced changes to their boards of directors after markets closed Wednesday, the first getting a new chairman from within and the second adding a new member.
Perspecta said CEO Mac Curtis will become board chairman as of the next annual shareholder meeting Aug. 5 and succeed the retiring Mike Lawrie, who has held that role since the government IT firm opened for business two years ago. That happened through a merger of Vencore, KeyPoint Government Solutions and the U.S. public sector business of DXC Technology.
Curtis has led Perspecta since its launch and was CEO of Vencore up until the merger’s closure, while Lawrie was at the helm for DXC from its own April 2017 launch through the end of last year. The company said in a regulatory filing that its board will go from having 11 directors to 10, effective from that meeting, while board member Phil Nolan will continue as lead independent director.
Meanwhile, Northrop’s board of directors will grow from 12 to 13 members with the election of former United Parcel Service CEO David Abney that took effect Wednesday. Abney will also join Northrop’s audit and policy committees, the company said in its own regulatory filing.
Abney led UPS from 2014 until May of this year and has been the shipping giant’s executive chairman since 2016. He will retire from that role in September, Northrop said.