GTSI CFO Joe Ragan To Start New Drill

Boart Longyear sounds a little like the name of the hero’s foil in a slapstick comedy. But, in fact, it is a billion dollar global integrated drilling services provider and products manufacturer for the Minerals Industry. And, per today’s announcement, it is also where government IT services and solutions provider GTSI’s outgoing CFO Joe Ragan will be hanging his hat.

Ragan announced his resignation from GTSI and will be assuming CFO duties at the Salt Lake City-based company. For GTSI, Peter Whitfield  – who previously served as VP – will step in as interim CFO. In GTSI’s press release, the company announced it is embarking on a search for a new finance leader, and GTSI CEO Jim Leto referenced the contributions Ragan made to the company.

“It is with mixed emotions that we announce that Joe is leaving GTSI. On one hand we are happy for his opportunity to work for a large international company such as Boart Longyear, but we will miss his steady guidance and strong leadership.”

Ragan was named by ExecutiveBiz as one of the top 10 area finance executives for his role in helping to steer GTSI through some challenging financial and business issues over the past few years.

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