Shrader Will Continue to Serve as Board Chairman
MCLEAN, Va.--(BUSINESS WIRE)--
Booz Allen Hamilton Holding Corporation (NYSE:BAH), the parent company
of management and technology consulting firm, Booz Allen Hamilton Inc.,
announced today that Ralph Shrader will retire as Chief Executive
Officer, December 31, 2014, after 40 years with the firm. He will
continue to serve as Chairman of the Board of Directors.
In connection with Shrader's retirement, Horacio D. Rozanski was
appointed CEO, effective January 1, 2015, and will become a member of
the Board of Directors, effective immediately. Rozanski currently serves
as President and Chief Operating Officer and has played a key role in
the firm's most significant strategic initiatives, including development
and execution of the firm's "Vision 2020" growth strategy.
Shrader has led Booz Allen through a period of dramatic growth and
change. When he assumed the chief executive position in 1999, Booz Allen
had under 10,000 employees and annual revenues of $1.5 billion. Today
the firm employs nearly 23,000 people and has annual revenues of
approximately $5.5 billion. Under Shrader's leadership, Booz Allen
became known for expertise in defense and communications technology,
cybersecurity, healthcare, analytics, engineering, and systems
development - as well as service to the community and as a supporter of
the arts. He led the spin-off of the firm's earlier commercial business
and the sale of the majority of Company stock to The Carlyle Group in
2008, and a successful initial public offering in November 2010. Since
its IPO, Booz Allen has consistently delivered annual increases in
Adjusted Net Income and has been named multiple times to Fortune
magazine's list of "The World's Most Admired Companies."
"I have known Horacio since he was a rising partner in Booz Allen's
consumer products practice and had developed a strong reputation for
business strategy and client service. In the early 2000's, I asked
Horacio to take on a firmwide people leadership role - and, in the years
that followed, he excelled in increasingly senior talent and strategy
positions, culminating in his current position as President and Chief
Operating Officer. In his client-facing and internal leadership roles,
Horacio has gained the respect of management and staff at all levels,
and of the Board and investment community. I strongly endorse his
selection as Booz Allen's next chief executive," Shrader said.
Rozanski said, "I am honored to be given the opportunity to lead our
100-year-old firm into its next century of excellence, building on Ralph
Shrader's superb leadership. We have made significant progress on our
Vision 2020 growth strategy since launching it two years ago, and we
will continue to implement it, ensuring that Booz Allen is an essential
partner to our clients, a vibrant employer, an investment of choice, and
a valued supporter of the communities in which we live and work."
Rozanski joined the firm in 1992 as a consultant focusing on marketing
and channel strategy across a range of industries. He was elected vice
president in 1999, appointed Chief Personnel Officer in 2003, named
Chief Strategy and Talent Officer in 2010, Chief Operating Officer in
2011, and President in 2014.
In 2012, as market conditions changed, Rozanski led an assessment of the
firm's growth opportunities, which became Vision 2020, a long-term
strategic plan that involved a focus on innovation, expanding technical
and engineering capabilities, developing commercial and international
markets, and creation of a new employee development model. Rozanski has
managed the execution of that strategy, which is now in its third phase,
and the firm has reported solid progress to investors every quarter
since its inception.
Born in Argentina, Rozanski is a respected authority and leader in the
consulting industry. He speaks at major business conferences on
leadership strategy, technology and operations, and talent and
diversity. Hispanic Business Magazine named him to its list of the 2012
Most Influential Leaders in the United States.
He holds a B.B.A. degree (summa cum laude) from the University of
Wisconsin Eau Claire and an M.B.A. degree with high honors from the
University of Chicago. He sits on the board of directors for the Wolf
Trap Foundation for the Performing Arts.
MORE INFORMATION:
Ralph Shrader's leadership and
accomplishments as Booz Allen's CEO were
featured in a Washington Post profile earlier this year.
Ralph Shrader shared his philosophy
of "Leading from the Center" in the 2012 "Titans
of Technology" speech sponsored by the Northern Virginia Technology
Council.
Ralph Shrader: Full
biography.
Horacio Rozanski outlined the firm's
strategy for success in a changing market in an October
2013 video for investors.
Horacio Rozanski describes how
companies need to find balance between clients, people, and investors,
and the short term and long term, to be successful in a
clip from a July 2014 panel at the Aspen Ideas Festival on "Values
at Work."
Horacio Rozanski: Full
biography.
About Booz Allen Hamilton
Booz Allen Hamilton is a leading provider of management consulting,
technology, and engineering services to the US government in defense,
intelligence, and civil markets, and to major corporations and
not-for-profit organizations. Booz Allen is headquartered in McLean,
Virginia, employs nearly 23,000 people, and had revenue of $5.48 billion
for the 12 months ended March 31, 2014. In 2014, Booz Allen celebrates
its 100th anniversary year. To learn more, visit www.boozallen.com.
(NYSE: BAH)
BAHPR-CO
Booz Allen Hamilton
Media Relations
James Fisher, 703-377-7595
fisher_james_w@bah.com
or
Investor
Relations
Curt Riggle, 703-377-5332
riggle_curt@bah.com
Source: Booz Allen Hamilton
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