SAIC (NYSE: SAI) announced the retirement of Executive Vice President Arnold Punaro effective May 14.
Chief Executive Officer Walt Havenstein noted Punaro’s contribution to SAIC and said he would “continue as a consultant to smooth transition of his duties”.
“He has made a tremendous contribution to SAIC over his 14 years with unmatched knowledge of Washington and a singular ability to drive projects through to successful completion. He will continue to make a contribution as he assures a smooth transition of his duties” said CEO Walt Havenstein.
Punaro said he will start a strategic consulting business, complete a book on national security decision making as well as make room to take on government-related projects. “The company’s leadership and its employees give me great confidence and optimism about SAIC’s future. I have been privileged to work with wonderful people at SAIC and to contribute to a great success story, but the time is right for me to change lanes,” Punaro said. “I intend to enter in full voice the debate over how to best use our inevitably declining resources to deal with an increasingly dangerous world.”